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
NQ Score
100/100
Key facts
- 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
- 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.
- Source: PR TIMES
- Date: Wed Apr 01 2026 22:00:03 GMT+0900 (Japan Standard Time)
Direct answer
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.
- Citation
- 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 (Wed Apr 01 2026 22:00:03 GMT+0900 (Japan Standard Time)), PR TIMES
- Source
- PR TIMES
- Date
- Wed Apr 01 2026 22:00:03 GMT+0900 (Japan Standard Time)
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.
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Frequently Asked Questions
- Q: What companies are involved in the off-site physical PPA agreement for renewable energy supply to the Komaki plant?
- A: Cosmo Oil Marketing Co., Ltd. and Japan Closures Co., Ltd. have concluded an off-site physical PPA for renewable energy supply to Japan Closures' Komaki plant.
- Q: When will the supply of renewable energy electricity begin under the PPA between Cosmo Oil Marketing and Japan Closures?
- A: The supply of renewable energy electricity under the PPA will commence on April 1, 2026, to Japan Closures' Komaki plant.
- Q: What percentage of Japan Closures' Komaki plant's annual electricity consumption will be supplied as renewable energy through this PPA?
- A: Approximately 12% of Japan Closures' Komaki plant's annual electricity consumption will be supplied as RE electricity through procurement by Cosmo Energy Solutions.
- Q: How much CO2 emission reduction is expected annually from the renewable energy supply agreement at the Komaki plant?
- A: The agreement is expected to achieve an annual CO2 emission reduction of approximately 10,260 tons at Japan Closures' Komaki plant.
- Q: What is the name of Cosmo Oil Marketing's renewable electricity plan used to cover part of Japan Closures' energy needs?
- A: The name of Cosmo Oil Marketing's renewable electricity plan used is 'Cosmo Denki Business Green', which covers approximately 88% of the Komaki plant's electricity needs.