Cosmo Oil Marketing and Japan Closures Conclude Off-site Physical PPA; Utilizing Solar Power Plants for the First Time by Both Companies, Aiming for Annual CO2 Reduction of Approximately 10,260 Tons at Komaki Plant

AI Summary (NQ-processed)

Cosmo Oil Marketing, a group company of Cosmo Energy Holdings, has signed an off-site physical PPA with Japan Closures, a group company of Toyo Seikan Group Holdings. Starting April 1, 2026, renewable energy electricity will be supplied to Japan Closures' Komaki plant, contributing to an estimated annual CO2 emission reduction of approximately 10,260 tons. This marks the first such collaboration for both companies and is a significant step towards Japan Closures' decarbonization goals.