PRESS RELEASE
1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-8246 Japan

August 30, 2022

The "Basic Study on the Establishment of Ammonia Supply Center at the Shunan Industrial Complex" wasadopted for a subsidy program for "measures to promote the introduction of non-fossil energy (SupportProject for Establishment of Hydrogen and Fuel Ammonia Supply Center at Industrial Complex) " by theAgency for Natural Resources and Energy, Ministry of Economy, Trade and Industry (METI).
- The project will study the establishment of Japan’s first carbon-free ammonia supply chain with a capacityof over 1 million tons per yearIdemitsu Kosan Co.,Ltd.
Tosoh Corporation
Tokuyama Corporation
Zeon Corporation
Idemitsu Kosan Co.,Ltd., Tosoh Corporation, Tokuyama Corporation, and Zeon Corporation (“Companies”) jointly
proposed “the Basic Study on the Establishment of Ammonia Supply Center at the Shunan Industrial Complex”(“Project”) to a subsidy program for "measures to promote the introduction of non-fossil energy (Support Project for
Establishment of Hydrogen and Fuel Ammonia Supply Center at Industrial Complex)" , for which is advertised by theAgency for Natural Resources and Energy, METI, and this project has been adopted for the subsidy.
The Project aims to establish a carbon-free ammonia supply system in the Shunan Industrial Complex with an annual
capacity of over 1 million tons by 2030. The Companies will study the infrastructure improvement for ammonia supply tocustomers in the Shunan Industrial Complex, including the use of the storage facilities in the Tokuyama complex ofIdemitsu Kosan as a common ammonia supply base. Based on the Project, the Companies will promote the constructionof Japan's first ammonia supply chain in the Shunan complex through various initiatives such as ammonia co-firingdemonstration tests in actual equipment.
The Shunan Industrial Complex produces and supplies a wide variety of high-value-added products, including chemical
raw materials and chemicals, and steel, cement, and fine chemicals. In order to maintain and develop its
competitiveness, it is essential to control CO2 emissions produced by manufacturing activities. In this context, theShunan Industrial Zone Decarbonization Council (“Council”) cooperating with the Chemical Engineering Society wasestablished in January 2022 under the lead of Shunan City, aiming to achieve Carbon Neutral Complex (“CNK”) in 2050
by making full use of the existing facilities and industrial infrastructures. In order to maintain and strengthen theindustrial competitiveness of the Shunan Industrial Complex and to achieve its decarbonization, The council has beenworking to formulate a ground design, a roadmap by backcasting, as well as discussions on specific measures to be taken
for achieving CNK in 2050. As one of the concrete measures for achieving CNK, Companies reached an agreement tojointly promote the study of the development of common infrastructures necessary for the establishment of ammonia
supply chain in July 2022, which resulted in a proposal for this Project.
The Companies will build ammonia supply chains in the Shunan Complex to contribute to the realization of a carbon-freesociety.

For more information, contact:
Department of Corporate Communication, Corporate Sustainability Division, Zeon Corporation
Phone: +81-3-3216-2747