Potential offtaker

Fuji Oil group


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Fuji Oil Holdings Inc. is a Japanese company that operates in the food ingredients sector. The company was founded in 1950 and has since grown to become a leading producer of oils, fats, and other food ingredients. The company's mission is to contribute to the development of a sustainable society by providing high-quality, safe, and healthy food ingredients.

Decarbonisation is a key focus for Fuji Oil Holdings Inc. The company recognizes the urgent need to reduce greenhouse gas emissions and mitigate the impact of climate change. To this end, the company has set ambitious targets to reduce its carbon footprint. Fuji Oil Holdings Inc. aims to achieve carbon neutrality by 2050, in line with the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius.

One of the ways Fuji Oil Holdings Inc. is working towards decarbonisation is through its corporate energy initiatives. The company is committed to increasing the use of renewable energy sources and reducing its reliance on fossil fuels. Fuji Oil Holdings Inc. has installed solar panels at its factories and offices, and is exploring the use of other renewable energy sources such as wind and geothermal energy.

Corporate power purchase agreements (PPAs) are another key strategy for Fuji Oil Holdings Inc. to accelerate the transition to renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for the electricity generated by the provider. By entering into a corporate PPA, Fuji Oil Holdings Inc. can secure a stable and predictable source of renewable energy, while also supporting the growth of the renewable energy industry.

In 2020, Fuji Oil Holdings Inc. signed its first corporate PPA with a wind power company in Japan. The agreement will provide the company with 10,000 megawatt-hours of renewable energy per year, equivalent to the electricity consumption of around 2,800 households. This is a significant step towards the company's goal of sourcing 50% of its electricity from renewable sources by 2030.

In addition to its corporate energy initiatives, Fuji Oil Holdings Inc. is also working to reduce its carbon footprint through other measures. The company is improving the energy efficiency of its factories and offices, and is exploring the use of low-carbon transportation options such as electric vehicles and hydrogen fuel cells.

Fuji Oil Holdings Inc. is also committed to promoting sustainable agriculture and reducing the environmental impact of its supply chain. The company works closely with its suppliers to ensure that they adhere to strict environmental and social standards. Fuji Oil Holdings Inc. is also investing in research and development to develop new, sustainable food ingredients that can help to reduce the environmental impact of the food industry.

In conclusion, Fuji Oil Holdings Inc. is a leading producer of food ingredients in Japan, with a strong commitment to decarbonisation and sustainability. The company is working towards carbon neutrality by 2050, and is implementing a range of initiatives to reduce its carbon footprint and promote renewable energy. Through its corporate energy initiatives, corporate PPAs, and other measures, Fuji Oil Holdings Inc. is playing an important role in the transition to a more sustainable future.