Introduction of Demonstration Project on Green Hydrogen
Production in Australia,
its Transportation to Palauand Utilization by Fuel Cell and Fuel Cell Boat
(Supported by Ministry of the Environment Japan)

February 2022

Sojitz Corporation
Metals, Mineral Resources & Recycling Division

Outline
1. Corporate Profile
2. Introduction of the Demonstration Project

Copyright © Sojitz Corporation 20212

Outline
1. Corporate Profile
2. Introduction of the Demonstration Project

Copyright © Sojitz Corporation 2021

3

Corporate Statement / History
Corporate Statement
The Sojitz Group creates value andprosperity by connecting the world witha spirit of integrity.
Sojitz Group SloganSojitz Corporation was formed out of the union of Nichimen Corporation and Nissho Iwai
Corporation, both companies that boast incredibly long histories. For more than 150 years, ourbusiness has helped support the development of countless countries and regions. Today, Sojitz
Group consists of approximately 400 subsidiaries and affiliates located in Japan andthroughout the world, carrying out a wide-range of general trading company operations in a
multitude of countries and regions.
1862

Iwai Bunsuke Shoten
founded

1874

Suzuki & Co., Ltd.
foundedSojitz Guiding Principles
1. Trust :1896

Iwai & Co., Ltd.
established

1928

Nissho Co., Ltd.
established

1943

Company name changed
to Iwai Sangyo Co., Ltd.

Build enduring trust.
1968

2. Innovation :Innovate with foresight.

3. Speed :Strive for speed.

Nissho Iwai Corporation
established

1892

Japan Cotton Trading
Co., Ltd. established

1943

Company name changed
to Nichimen Co., Ltd.
1982

Company name changed toNichimen Corporation

2003

4. Challenge :Take calculated risks.

5. Perseverance : Persevere until successful.

Nissho Iwai-Nichimen Holdings
Corporation established2004

Sojitz Corporation establishedCopyright © Sojitz Corporation 2021

4Corporate Profile-Performance and Operating Bases (As of March 31, 2021)
Total assets¥ 2.3 trillion

Number of Branches & Offices

84
Domestic:

5 (Including the Head Office）

Overseas: 79

Number of Subsidiaries andAffiliates

435

Number of Employees

19,463

Non-consolidated: 2,551

Domestic: 129

Consolidated: 19,463

Overseas: 306

Total equity¥ 619.0 billion

Head Office
OfficeGroup company

BranchProfit for the year

¥ 27.0 billion

Copyright © Sojitz Corporation 2021

5Corporate Profile - Business Overview

Automotive Division

Infrastructure & Healthcare Division

Aerospace &Transportation Project Division

Metals, Mineral Resources & Recycling Division

Consumer Industry & Agriculture Business Division

Chemicals Division

Retail & Consumer Service Division
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Corporate Profile - Business Overview

Automotive Division

Infrastructure & Healthcare Division

Aerospace &Transportation Project Division

Metals, Mineral Resources & Recycling Division

Consumer Industry & Agriculture Business Division

Chemicals Division

Retail & Consumer Service Division
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Division Overview-Metals, Mineral Resources & Recycling Division
Against the backdrop of global warming and the accelerating shift toward a decarbonized society seen in recent years, we will transition to sustainablebusinesses in the metals and resources fields. We will also strengthen our efforts in the field of recycling with an eye toward the circular economies of
the near future.
Strengths
Sole general trading company withexpertise in coal mine operations

Aiming to utilize our accumulated expertise as owner-operator of anAustralian coal mine by developing other Sojitz-owned mines andventuring into the contract mining businessStable earnings from businesses
such as those of Metal One, one of
the world’s largest integrated steel
trading companies

Stable increases in earnings from expanding businesses in growing
markets and capturing new demand

Ability to offer rare resourcesand develop new materials

Lineup of distinctive resource offerings including niobium, chromium,and other rare metals as well as minerals like vermiculite and fluorite,
development capabilities extending to graphene and other new
materials with significant future potential⚫
⚫
⚫
⚫

Main Subsidiaries and Associates(Equity Ownership)
Sojitz Development Pty. Ltd. (100%)
Sojitz Resources (Australia) Pty. Ltd. (100%)
Japan Alumina Associates (Australia) Pty. Ltd. (50%) Consolidated subsidiaries 28
Metal One Corporation (40%)
Equity-method associates 18
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Division Overview - Business MapCanada• Copper businessJapan• Recycling business
Iron ore/CopperRussia• Coal trading

Coal
Industrial minerals

Japan / Asia
Ferroalloys/
Precious metals/
Industrial minerals

U.S.
• Industrial minerals business

NickelPhilippines• Nickel businessIndonesia• Coal business

South Africa• Chromium businessAlumina/Coal

Iron ore/Niobium Brazil• Iron ore business• Niobium business

Australia• Coal business• Alumina business

Copyright © Sojitz Corporation 2021

9Outline
1. Corporate Profile
2. Introduction of the Demonstration Project

Copyright © Sojitz Corporation 2021

10Project Overview
Term

From FY2021 to FY2023

Contents

Scope 1. Hydrogen Demonstration
A. Stationary Fuel Cell Battery
B. Fuel Cell Boat
Scope 2. Feasibility Study

Organization chart
International ConsortiumSojitz Corporation★Representative
Project management

Partners

Nippon Engineering Consultants
Co., Ltd.
Feasibility study

YANMAR POWER TECHNOLOGYCO., LTD.
Fuel cell boat manufacture

CS Energy Ltd.
Hydrogen production & supply

SupportBrother Industries, Ltd
Fuel cell manufacture

Subsidy grant

Palau International Airport
Corporation
Hydrogen utilization
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11Project Background
Why Palau?
A. Sojitz has a strong connection in Palau.
• Sojitz, Government of Palau, and Japan Airport CorporationCo.,LTD. have set up Palau International Airport Corporationand have been involved in management of the terminalbuilding.

Utilization
Palau

A. Palau is keen on decarbonization.
• Palau has committed to achieving a target of 45% renewable A New Terminal Building opened at Palau International
Airport in December 2021
energy generation by 2025.

Why Queensland?

ProductionQueensland

A. Sojitz has developed a wide range of businesses in QLD.
• Coal mining operation business• Solar farm business• Hospital operation and healthcare business
A. QLD is pursuing a green energy society.
• Queensland Government released “Queensland Hydrogen Industry Strategy 2019-2024”.
• Brisbane 2032 is committed to delivering a climate positive Olympic Games.
• Queensland is expected as a green Hydrogen exporter owing to its abundant capacity of green
energy source and geographical advantage that is close to island countries.

Maps Data: Google, ©2021
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Demonstration Scheme - 1
Stationary Fuel Cell Battery
1.Use solar power to produce green hydrogen in QLD
2.Store Hydrogen to Hydrogen-Absorbing Alloy (HAA) cassettes and transport them to Palau by marine transportation
3.Insert HAA cassettes into the FC unit and demonstrate the electric generation system
Prospects at commercialization (around 2030)
Try to achieve decarbonization by implementing stationary fuel cells as a distributed power supply and a backup power source
for supporting the existing poor power grid system of diesel power plants.

1.Production

2.Transportation

3.Utilization

Solar Power

H2H2
HAA : Hydrogen-Absorbing Alloys

Marine Transportation

Stationary Fuel Cell BatteryCopyright © Sojitz Corporation 2021

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Demonstration Scheme - 2
Fuel Cell Boat
1.Use solar power to produce green hydrogen in QLD.
2.Fulfill hydrogen to mobile hydrogen station and transport to the offshore area in QLD.
3.Refuel FC boat by mobile hydrogen station and demonstrate at the offshore area in QLD.
Prospects at commercialization (around 2030)
More than 1,000 fossil fuel small boats are in operation at present in Palau as part of island tourism, daily life, and the fishingindustry. Try to achieve decarbonization by converting fossil fuel boats to hydrogen fuel boats.

1.Production

2.Transportation

3.Utilization

Solar Power

H2Mobile Hydrogen Station

Marine Transportation

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Summary• Sojitz conducts the hydrogen demonstration project with Stationary
Fuel Cell Battery and Fuel Cell Boat in Palau and Queensland from2021 to 2023.
• Sojitz explores the future possibility of the hydrogen society throughthe feasibility study ,which examines how to commercialize thehydrogen supply chain by utilizing JCM in cooperation with Palau.

Copyright © Sojitz Corporation 2021

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Copyright © Sojitz Corporation 2021

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