February 25, 2020
Japan Airlines Co., Ltd.
Marubeni Corporation
JXTG Nippon Oil & Energy CorporationJGC JAPAN CORPORATION
Feasibility Study on Production and Sales of
Sustainable Aviation Fuel Made from Plastic and Other Waste Materials
Japan Airlines Co., Ltd. (“JAL”, Headquarters: Shinagawa-ku, Tokyo; Representative Director, Executive
President: Yuji Akasaka), Marubeni Corporation (“Marubeni”, Headquarters: Chuo-ku, Tokyo; President and CEO:
Masumi Kakinoki), JXTG Nippon Oil & Energy Corporation (“JXTG”, Headquarters: Chiyoda-ku, Tokyo; President
and Representative Director: Katsuyuki Ota), and JGC JAPAN CORPORATION (“JGC”, Headquarters:Yokohama-shi, Kanagawa; Representative Director, President: Shoji Yamada) have agreed to jointly conduct afeasibility study on Sustainable Aviation Fuel (“SAF”) production and sales in Japan through the use of industrial
and municipal waste, including plastic waste.
As the demand for air transport steadily increases, the aviation industry recognizes the importance of working tocounter the effects of climate change. Additionally, the International Civil Aviation Organization (“ICAO”) has
implemented carbon-reduction initiatives from 2021(*1). Currently, SAF is considered to be a realistic and effectivemeans of reducing CO2 emissions, and there is growing momentum for its adaptation. Furthermore, the disposal
and/or processing of plastic waste is a recognized social issue, one to which the world awaits an innovative
solution that will lead to a more sustainable society.
In this joint study, the parties plan to evaluate the feasibility of the entire supply chain with respect to creating SAF
from industrial and municipal waste, including middle and low grade plastic waste (these types are currently eitherincinerated, or become landfill), by applying the process and technology of Fulcrum BioEnergy, Inc.(*2), a UnitedStates company that produces biojet fuel. JAL, Marubeni, JXTG and JGC have executed an MOU with Taisei
Corporation and TAKEEI CORPORATION in February 2020, and each participating company will contribute its
respective expertise to study the collection and processing systems of waste, the technological aspects of SAF
production, logistics of end-products, and the effect of carbon emissions by LCA(*3). The study will take placefrom February to December 2020. After that, based on the results of this joint study, all parties will aim to installdemonstration equipment and conduct tests in the early 2020s, and start construction of commercial equipment
around 2025.
By promoting the development and spread of SAF, all parties will together contribute to the establishment ofconcrete solutions to societal concerns such as decreasing CO2 emissions from aviation fuel and plastic waste
treatment, thus contributing to a more sustainable future.

(*1) In 2016, the ICAO adopted CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation).
Under CORSIA, airlines are obligated to procure CO2 emission credit and offset carbon emissions, if thelimits are exceeded, so that in entirety the CO2 emissions amount does not increase from 2021. ICAOcertified SAF is allowed to be deducted from the offset obligation.
(*2) In September 2018, JAL and Marubeni, jointly with Japan Overseas Infrastructure Investment Corporationfor Transport & Urban Development, invested into Fulcrum BioEnergy, Inc.
< Reference >JAL PRESS RELEASE
September 21, 2018 『Japan Airlines Invests in Development of Sustainable Aviation Fuel Technology』
https://press.jal.co.jp/en/release/201809/004885.html(*3) Life Cycle Assessment : A method to assess environmental impact through the life cycle of a product orservice.

< Role of participating companies >< SDGs related to this joint study >