Sojitz and Keppel Sign MOU for Biofuel Supply across APAC

Sojitz Corporation (“Sojitz”) has signed a Memorandum of Understanding (“MOU”) with Keppel Ltd. (“Keppel”), a leading global asset manager and operator based in Singapore, to establish a strategic partnership. This alliance aims to explore joint opportunities in the energy solutions sector and to develop a comprehensive biofuel supply chain across the Asia-Pacific region. By combining their expertise and resources, Sojitz and Keppel seek to drive innovation and growth in sustainable energy solutions, enhancing their market presence and contributing to the region’s energy transition.

Under this strategic alliance, Sojitz and Keppel will pursue collaborative opportunities across the Asia-Pacific region in energy solutions and biofuel businesses. Their focus includes developing district cooling systems, which offer lower CO2 emissions compared to conventional air conditioning, as well as advancing the production and distribution of sustainable aviation fuel (SAF) and bioethanol. This partnership aligns with Sojitz's Medium-term Management Plan 2026, which designates the “Energy & Materials Solutions” sector as a strategic priority. Sojitz is dedicated to advancing projects that support a decarbonized and circular economy, reflecting its commitment to sustainability and innovative energy solutions.

Keppel is renowned for its extensive expertise in sustainability-related solutions across infrastructure, real estate, and connectivity sectors. As a publicly listed entity on the Singapore Exchange (SGX), Keppel operates in more than 20 countries globally, delivering essential infrastructure and services. Its portfolio includes advancements in renewables, clean energy, and decarbonization, alongside initiatives in sustainable urban renewal and digital connectivity. Keppel's strategic focus on these areas underscores its commitment to driving environmental sustainability and innovation, positioning the company as a key player in the global transition towards a more sustainable and connected future.

Sojitz has identified the “Energy & Materials Solutions” sector as a key strategic focus in its Medium-term Management Plan 2026, underscoring its commitment to projects that foster a decarbonized and circular economy. This initiative includes advancing sustainable technologies and practices to support environmental goals. One notable area of focus is Sustainable Aviation Fuel (SAF), a biofuel alternative to traditional aviation fuel. SAF, produced primarily from waste cooking oil and biomass, offers a significant reduction in greenhouse gas emissions compared to conventional fuels, aligning with Sojitz’s dedication to promoting sustainable and innovative energy solutions.

Headquartered in Singapore, Keppel Ltd. is a prominent player in global asset management and operations. Their focus lies in delivering sustainable solutions across infrastructure, real estate, and connectivity sectors.  Spanning more than 20 countries, Keppel provides essential infrastructure and services that cater to renewable energy integration, clean energy solutions, decarbonization efforts, sustainable urban development, and advancements in digital connectivity. They generate value for investors and stakeholders through robust investment platforms and a diversified portfolio of assets, encompassing private funds, listed real estate entities, and business trusts.