General – Japanese Investment
Japanese trading house Itochu Corporation decided to make an equity investment in Purus Marine.
This maritime holding company is investing in vessels and infrastructure equipment that reduce carbon emissions, for the purpose of working in collaboration with Purus Marine.
Purus Marine is a leading company that owns and manages various environmentally advanced vessels, and its business purpose is to provide, among others, vessels that use various technologies to reduce carbon emissions or achieve zero emissions in vessel operations, and vessels that support offshore wind power generation / port infrastructure and other low-carbon maritime infrastructure that contributes to achieving decarbonization.
Purus Marine has already acquired high-performance assets, including a fleet of more than 60 vessels under contract with investment-grade end-users in response to growing needs for decarbonization in the maritime transportation sector.
Itochu has been heavily involved in the development of the Japanese ammonia supply chain, including ammonia-powered deep sea ships.
The size of the investment, which will see the two companies jointly develop and own low-carbon assets that contribute to decarbonation in the Japanese market, has not been disclosed.
