ENEOS: COOPERATION FOR BIOFUELS AND FEEDSTOCKS BETWEEN JAPAN AND SOUTH KOREA

DS Dansuk Co., Ltd., ENEOS Corporation, HMLP Co., Ltd., Nomura Jimusho, Inc., Yoshikawa Yushi Co., Ltd. and Sapporo Yushi Co., Ltd. (“Sapporo Yushi”) announced that they entered into a Memorandum of Understanding in January to consider collaboration towards biofuels and feedstocks between Japan and South Korea.

The objective of this MOU is to jointly aim for the realization of a carbon-neutral society. Specifically, a joint study including on feedstock supply (used cooking oil, tallow, etc.) for the sustainable aviation fuel (“SAF”) production plant (Wakayama Plant) that ENEOS is commercializing, establishment of a feedstock hub for the Wakayama Plant, and supply of biofuels by leveraging the supply chain and knowledge of each company.

Dansuk is contributing to carbon reduction by producing eco-friendly bioenergy such as biodiesel and is currently constructing HVO pretreatment facilities to produce SAF, aiming to complete them in the second half of this year. Dansuk plans to actively explore strategies to produce eco-friendly energy as an opportunity for this collaboration.

In the ENEOS Group’s Long-Term Vision, ENEOS states that it will take on the challenge of achieving both a stable supply of energy and materials and the realization of a carbon-neutral society. As a part of this effort, ENEOS is building an integrated system for SAF, from feedstock procurement to in-house manufacturing and sales. Taking the opportunity of this collaboration, ENEOS will promote the development of a supply chain for the stable procurement of feedstocks together with Dansuk, HMLP, Nomura Jimusho, Yoshikawa Yushi, and Sapporo Yushi.