May 21, 2020
Asahi Tanker Co., Ltd.
Idemitsu Kosan Co., Ltd.
Exeno Yamamizu Corporation
Mitsui O.S.K. Lines, Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Tokyo Electric Power Company
Mitsubishi Corporation‘e5 Consortium’ Establishedto Promote Zero-Emission Electric Vessel;~Project Encompasses Development, Realization, Commercialization~
TOKYO — Seven companies—Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd.,
Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire
Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation—
today announced establishment of the “e5 Consortium,” with the goal of establishing
new ocean shipping infrastructure services through various initiatives to develop,
realize, and commercialize zero-emission electric vessels.

An image of the zero-emission electric tanker
Coastal shipping in Japan faces structural issues such as a shortage of mariners
due to the aging of the seagoing workforce, not to mention the aging of the vessels.
In addition, the ocean shipping industry has urged the coastal shipping industry toreduce emissions of greenhouse gases (GHGs) as one of Japan’s measures toaddress climate change. The seven e5 Consortium corporate members are focusing
their attention on fulfilling the potential of electric vessels to solve these urgent
issues. The consortium aims to establish a platform that offers innovative ocean
shipping infrastructure services based on electric vessels bringing to bear thestrength, technological know-how, networks, and other advantages of each membercompany.

As the first phrase of the project, the consortium plans to launch the world’s firstzero-emission electric tanker, powered by large-capacity lithium ion batteries, inMarch 2022 (Note 1). e5 Lab. Inc. will serve as the executive office of the e5Consortium. (Note 2)
The e5 Consortium will promote the sustainable growth of coastal shipping inJapan and contribute to the nation’s social and economic development by providing
added value to the coastal shipping industry through the development andintroduction of advanced vessels.
What is ‘e5’?
A provider of safe, reliable, and high-quality transport service, based on therealization of five core values: “electrification,” “environment,” “evolution,”“efficiency,” and “economics.”
Note 1: Asahi Tanker decided to build two electric tankers powered by lithium-ion
batteries, the first such vessels in the world:
https://asahi-tanker.com/news-release/2020/135/
Zero emission electric tanker concept video:
https://www.youtube.com/watch?v=6sJjzCbRFWw&feature=youtu.be
Note 2: e5 Lab. Inc. (President: Tomoaki Ichida; Headquarters: Chiyoda-ku, Tokyo),
jointly established by four companies of Asahi Tanker Co., Ltd., Exeno
Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., and Mitsubishi Corporation,
has enthusiastically promoted innovative projects to bring digital solutions anddigital transformation to the ocean shipping industry, not only with electricvessels, but also hydrogen fuel batteries, onboard automated equipment,
onboard broadband, remote control vessels, and development of a common
integrated OS for ocean (vessels).
URL of e5 lab Inc.:
http://e5ship.com/
e5 Consortium members
Company NameHeadquarters
Asahi Tanker Co., Ltd.
1-2-2 Uchisaiwaicho,
Chiyoda-ku, Tokyo
Idemitsu Kosan Co., Lt
3-1-1 Marunouchi, Chiyodad.
ku, Tokyo
Exeno Yamamizu
1-1-3 Otemachi, Chiyoda-ku,CorporationTokyo
Mitsui O.S.K. Lines, Lt
2-1-1 Toranomon, Minato-ku,d.
Tokyo
Tokio Marine & Nichido
1-2-1 Marunouchi, ChiyodaFire Insurance Co., Ltd. ku, TokyoTokyo Electric Power
8-13-1 Ginza, Chuo-ku,
CompanyTokyo
Mitsubishi Corporation
2-3-1 Marunouchi, Chiyodaku, Tokyo

Representative
President Kazunori Nakai
Representative Director &CEO Shunichi Kito
President Hisaaki Masuda
President & CEO Junichiro
Ikeda
President Shinichi Hirose
President Nobuhide Akimoto
President and CEO Takehiko
KakiuchiTo Newspersons, for further information on the project, please contact:
EV Ship Project Team, Corporate Planning Division
Asahi Tanker Co., Ltd.
(Email: at108-evshipproject@asahi-t.co.jp)
Public Relations Section, Public Relations Department
Idemitsu Kosan Co., Ltd.
(TEL: +81-3-3213-3115, Email: public.relations@idss.co.jp)
Exeno Yamamizu
e5 Project Office
Corporation
https://www.exeno.co.jp/jp/contact/
Mitsui O.S.K. Lines, Ltd. Media Relations Team, Corporate Communication Division

Tokio Marine & Nichido
Fire Insurance Co., Ltd.
Tokyo Electric PowerCompany
Mitsubishi Corporation(TEL: +81-3-3587-7015)
Public Relations Group, Public Relations Department(TEL: +81-3-5223-3212, FAX: +81-3-5223-3014)
Public Relations Planning Group, Business SupervisingOffice, Business Planning Office(TEL: +81-50-3116-3147)
Media Team, Public Relations Division(TEL: +81-3-3210-2171, FAX: +81-3-5252-7705)