Naoyuki Toyama

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Japan's Mitsui Fudosan, others to invest $3.5bn in cold storage

Sep 17, 2024 | asia.nikkei.com | Naoyuki Toyama

TOKYO -- Real estate developer Mitsui Fudosan, logistics giant GLP Japan and other Japanese companies plan to invest more than 500 billion yen ($3.5 billion) combined in cold storage facilities by 2030, as an acute driver shortage increases demand for additional warehouses. Mitsui Fudosan will enter the cold chain logistics business by investing around 100 billion yen primarily in the greater Tokyo area by 2030.
John Lennon's favorite resort hotel in Japan reopens after upgrade

Aug 16, 2024 | asia.nikkei.com | Naoyuki Toyama

TOKYO -- A hotel in the resort town of Karuizawa that was once a favorite of late Beatles legend John Lennon and his wife Yoko Ono reopened Friday after a major renovation, seeking to attract visitors looking to experience its storied history. Mampei Hotel partially opened its doors to guests after it was shut down for 18 months.
China goes big on green hydrogen using renewable energy surplus

Mar 4, 2024 | asia.nikkei.com | Kohei Fujimura |Naoyuki Toyama

BEIJING/TOKYO -- Infrastructure development for "green" hydrogen is proceeding rapidly in China as the country aims to exploit its extensive generation capacity in renewable energy to get ahead of Western countries in production and transport. Authorities in the Inner Mongolian city of Ulanqab -- known for its expansive grasslands -- approved this January a 20.5 billion yuan ($2.9 billion) green hydrogen investment project from oil major China Petroleum & Chemical, or Sinopec.
Japan's Sumitomo and Eneos to produce green hydrogen in Malaysia

Dec 18, 2023 | asia.nikkei.com | Naoyuki Toyama

TOKYO -- Oil company Eneos and trading house Sumitomo Corp. will produce "green" hydrogen in Malaysia and export much of it to Japan under plans announced Monday, hoping to further diversify the supply of the fuel essential for decarbonization. The two Japanese companies have signed an agreement with SEDC Energy, a subsidiary of the Sarawak Economic Development Corp. set up by the Malaysian state of Sarawak. They will also consider establishing a special-purpose company with the Malaysian partner.
Singapore renewable developer to build major battery farm in Japan

Dec 15, 2023 | asia.nikkei.com | Naoyuki Toyama

TOKYO -- Singapore-based Gurin Energy plans to build a large energy storage facility in Japan, investing 91 billion yen ($628 million) to tap the country's need for storage capacity driven by a rapid shift to renewable energy. The site will have an output of 500 megawatts and a storage capacity of 2,000 megawatt-hours, enough to charge 50,000 electric vehicles. The plan is to bring the site online as early as 2028.
Japan's Itochu to invest in battery farms for renewable energy

Sep 7, 2023 | asia.nikkei.com | Tomoya Onishi |Naoyuki Toyama

TOKYO -- Japanese trading house Itochu will invest in the business of battery farms storing energy from renewable sources, Nikkei has learned. Widespread use of such large-scale storage could lead to the effective utilization of renewable energy in Japan, which has lagged behind the U.S. and Europe. The Warren Buffett-backed trading house will tie up with Australia's Akaysha Energy, which operates storage batteries to generate renewable energy.
Japan's Itochu to invest up to $678m in storage battery facilities

Sep 7, 2023 | asia.nikkei.com | Tomoya Onishi |Naoyuki Toyama

TOKYO -- Japanese trading house Itochu will invest up to 100 billion yen ($678 million) by 2030 in the business of battery farms storing energy from renewable sources, Nikkei has learned. Widespread use of such large-scale storage could lead to the effective utilization of renewable energy in Japan, which has lagged behind the U.S. and Europe. The Warren Buffett-backed trading house will tie up with Australia's Akaysha Energy, which operates storage batteries to generate renewable energy.
Idemitsu turns troubled Vietnam refinery into boot camp for talent

Jul 16, 2023 | asia.nikkei.com | Tomoya Onishi |Naoyuki Toyama

TOKYO -- Japanese oil major Idemitsu Kosan has faced a series of troubles at its Vietnamese refinery joint venture from the get-go. But the workers who kept the plant running on the front line have now grown into a new generation of leaders tackling new challenges at other sites. Idemitsu led the launch of the Nghi Son refinery in northern Vietnam in 2018, but diminished demand during the pandemic kept operations low, pushing the business into dire financial straits.
How much CO2 does a forest absorb? Aerial lasers can find out

Jun 25, 2023 | asia.nikkei.com | Naoyuki Toyama

TOKYO -- A new effort could help expand the use of carbon credits in Japan by easing the task of gauging how much carbon dioxide is absorbed by forests. Top Japanese oil refiner Eneos is partnering with surveyor Pasco to take aerial measurements via laser.
Vietnam's top oil refinery to avert shutdown as cash flow improves

Jun 21, 2023 | asia.nikkei.com | Naoyuki Toyama

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