Note: The following is an English translation of the Japanese-language originalDecember 11, 2020
Japan Petroleum Exploration Co., Ltd.
Corporate Communication Office(Tel: +81-3-6268-7110)

Participation in the Study of the Chofu Biomass Power Generation ProjectJapan Petroleum Exploration Co., Ltd. (JAPEX, headquarters: Chiyoda-ku, Tokyo, Representative Directorand President: Masahiro Fujita) decided to participate in the study for commercialization of the “Chofu
Biomass Power Generation Project” today. This project mainly consists of the construction plan of a biomass
power plant in Shimonoseki-city, Yamaguchi Prefecture.
The project was planned and examined by MOT Research Institute, Ltd. (hereinafter “MOT”), a venturecompany of think tank and consultation from Yamaguchi University. Since November 2020, Chofu Bio-Power
LLC, as a special purpose company (SPC) established by MOT, is proceeding with the examination andprocedure for the final decision to commercialize the project.
JAPEX aims to “Growth to the Integrated Energy Company” in the mid-to-long term and contributes tolow-carbonized/decarbonized society and regards the renewable energy development as an important businessarea for making contributions. To participate in the project from the examination phase is expected to bringus the accumulation of knowledge to develop biomass power generation businesses.
JAPEX will participate in the study of the project in the mid-December 2020 by the completion of theinvestment to the SPC. As a member of the SPC, we will work on the project to contribute a stable supply of
low-carbon electricity and local economic development, with the effort to gain understanding and support from
related persons, including the surrounding area.
The outline of the SPC is below. And please refer to the appendix for the summary of the power plant plan.
[SPC Outline (as of December 11, 2020)]
Company Name
: Chofu Bio-Power LLC
Date of Foundation: November 9, 2020
Headquarters: Shimonoseki-city, Yamaguchi PrefecturePurpose: Construction and operation management of a biomass power plant,
electricity and related business in the biomass project
Capital: 601,000 Yen * After JAPEX’s investment: 1,000,000 YenInvestors: MOT Research Institute, Ltd. (100%)* After JAPEX’s investment: MOT (60.1%), JAPEX (39.9%)
Representative: Toshiyuki Kimura
Representative Partner, MOT Research Institute, Ltd., Job executor(Representative Director and President, MOT Research Institute, Ltd.)

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Appendix Summary of the Power Plant Plan
[Basic Information]
Planned Venue
Land Area
Generation Method
Output Scale
Generation FuelBusiness Entity[Future Milestones]
In 2020
2021
2022
2024

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Chofuogimachi, Shimonoseki-city, Yamaguchi Prefecture
62,800m2
Steam power
74,950kW
Wood pellets and others acquired the FIT conformity certification
Chofu Bio-Power LLC: Conclusion of pollution control agreement between Shimonoseki-cityand the business entity (planned): Final decision to the construction of the power plant (planned): Start of the power plant construction (planned): Business operation commencement of the power plant (planned)[Surrounding Map of Planned Venue]

下関市
Shimonoseki-city

Planned Venue
ChofuogimachiNotice) This appendix is based on the status as of the announcement date and there is a possibility that it
will change in the future.
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