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Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States

Retrieved on:

Monday, September 11, 2023

SC Group, The Group, AC, Carbon, Sumitomo Corporation, Wind, Investment, Growth, PR, Renewable energy, December 2008 Northeastern United States ice storm

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter referred to as "SC Group") together with Advantage Capital (AC) — a U.S. impact investment firm that is also working on the development of the renewable energy business — has established Perennial Renewables LLC (PR), a limited liability company that develops renewable energy projects with a focus on solar power generation.

Key Points:

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter referred to as "SC Group") together with Advantage Capital (AC) — a U.S. impact investment firm that is also working on the development of the renewable energy business — has established Perennial Renewables LLC (PR), a limited liability company that develops renewable energy projects with a focus on solar power generation.
PR will leverage AC's development team expertise on site control and interconnection and SC Group's strength in project finance arrangement to simultaneously develop multiple renewable energy projects.
At the outset, PR will focus on completing the development of AC's current portfolio, consisting of 2+ GW of solar generation across six states, and going forward plans to add new renewable energy projects into the development pipeline.
In the United States, SC Group has achieved investment and operation of seven renewable energy businesses since its first investment in the onshore wind power generation business in 2009.

Sumitomo Corporation Expands Market Presence and Function in U.S. Sulfuric Acid Business with Acquisition of Saconix LLC

Retrieved on:

Thursday, June 8, 2023

SC Group, Food, Gulf Coast of the United States, Sumitomo Corporation, SC, Agriculture, Sulfuric acid, Carbon, Sale, Acquisition, Investment, Mining, SATCO, Copper, Sumitomo Group, Textile, Lithium, Chemical

NEW YORK, June 8, 2023 /PRNewswire/ -- Sumitomo Corporation of Americas (SCOA) together with its parent, Sumitomo Corporation Japan (SC) announced its acquisition of Saconix LLC (Saconix), a company engaged in the procurement, sale, storage and distribution of sulfuric acid in the Western U.S. and the Gulf Coast region, expanding its market presence in the Sulfuric Acid business in North America.

Key Points:

NEW YORK, June 8, 2023 /PRNewswire/ -- Sumitomo Corporation of Americas (SCOA) together with its parent, Sumitomo Corporation Japan (SC) announced its acquisition of Saconix LLC (Saconix), a company engaged in the procurement, sale, storage and distribution of sulfuric acid in the Western U.S. and the Gulf Coast region, expanding its market presence in the Sulfuric Acid business in North America.
Sumitomo Corporation of Americas together with its parent, Sumitomo Corporation Japan, has acquired Saconix LLC
Sumitomo agreed to fully acquire Saconix from Dallas based owners, Copperbeck Energy Partners, a portfolio company of Tailwater Capital, LLC.
"We expect to provide additional value and high service to our customers through the strong synergies of our global Sulfuric Acid business."
This acquisition represents Sumitomo Corporation's ongoing commitment to expanding business and facilitating global carbon reduction to achieve carbon neutrality by 2050.

MineHub and Sumitomo Corporation Enter into Commercial Agreement for Use of the MineHub Platform

Retrieved on:

Tuesday, August 16, 2022

Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") is pleased to announce that it has entered into a commercial agreement with Sumitomo Corporation ("SC" or "Sumitomo"), one of Japan's largest corporations.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") is pleased to announce that it has entered into a commercial agreement with Sumitomo Corporation ("SC" or "Sumitomo"), one of Japan's largest corporations.
Under the agreement, SC will subscribe to the MineHub platform and enterprise applications as a paying customer.
Reaching this commercial milestone is testament to the close collaboration and trust we have developed together, both in Japan and globally.
We are committed to the adoption of the MineHub platform, starting with our copper concentrate supply chains.

Global Rubber Tracks Market 2022-2028: Increasing Demand for Military Vehicles, Modernizing Military Fleets and Demand for Simulation-Based Training for Military Personnel to Drive Growth - ResearchAndMarkets.com

Retrieved on:

Thursday, August 11, 2022

Some of the market's important trends include increasing demand for military vehicles across the land, sea, and air platforms, modernizing military fleets by inducting newer generation vehicle platforms and increasing desire for simulation-based training for military personnel.

Key Points:

Some of the market's important trends include increasing demand for military vehicles across the land, sea, and air platforms, modernizing military fleets by inducting newer generation vehicle platforms and increasing desire for simulation-based training for military personnel.
The global rubber track market is segmented based on type, product, and application.
These factors are contributing significantly to the growth of the rubber tracks market.
Insights about market determinants that are stimulating the global rubber track market.

AAR Sumisho Aviation Services (ASAS) announces new distribution agreement with Northrop Grumman for E-2D Advanced Hawkeye parts

Retrieved on:

Monday, August 1, 2022

Wood Dale, Illinois, Aug. 01, 2022 (GLOBE NEWSWIRE) -- AAR Sumisho Aviation Services (ASAS), a joint venture launched by AAR CORP. (NYSE: AIR) and Sumitomo Corporation, announced a new agreement with Northrop Grumman for E-2D Advanced Hawkeye aircraft parts distribution.

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Wood Dale, Illinois, Aug. 01, 2022 (GLOBE NEWSWIRE) -- AAR Sumisho Aviation Services (ASAS), a joint venture launched by AAR CORP. (NYSE: AIR) and Sumitomo Corporation, announced a new agreement with Northrop Grumman for E-2D Advanced Hawkeye aircraft parts distribution.
Under the five-year agreement, ASAS will be the distributor of certain Northrop Grumman parts to the Japan Ministry of Defenses (JMOD) E-2D tactical airborne early warning aircraft program.
Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services.
AARs Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services.

Acquisition of Nativa to Expand Agricultural Input & Service Business in Brazil

Retrieved on:

Tuesday, July 19, 2022

(collectively, "Nativa"), an agricultural supplies distributor in southeastern Brazil, to acquire all shares of Nativa to make it a wholly owned subsidiary.

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(collectively, "Nativa"), an agricultural supplies distributor in southeastern Brazil, to acquire all shares of Nativa to make it a wholly owned subsidiary.
Brazil boasts the world's fifth largest export value of agricultural products, with soybeans, corn, sugarcane, coffee, oranges, and beef.
Established in 2000, Nativa is an agricultural supplies distributor with eight locations and a fertilizer manufacturing facility in the state of Minas Gerais, located in southeastern Brazil.
From a global strategy perspective, Sumitomo Corporation has positioned agriculture as one of its next-generation growth fields and "Agricultural Input & Service" as a steady business growth category.

AM General Features Innovative and Collaborative Vehicle Transformations at Eurosatory 2022

Retrieved on:

Friday, June 10, 2022

PARIS, June 10, 2022 /PRNewswire/ -- Global mobility solutions provider, AM General, is returning to the Eurosatory 2022 Defence & Security International Exhibition.

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PARIS, June 10, 2022 /PRNewswire/ -- Global mobility solutions provider, AM General, is returning to the Eurosatory 2022 Defence & Security International Exhibition.
Eurosatory provides us a great opportunity to engage with global customers and display our innovative solutions based on their unique requirements," said Jim Cannon, AM General President and CEO.
Additionally, the vehicle features MBrace, an advanced occupant protection system by IMMI, to add head and neck protection during adverse events.
Finally, the vehicle also features innovative electronics from ArmorWorks that allows for enhanced situational awareness with multiple field view options with thermal and infrared camera operation.

MineHub and TradeWaltz Announce Collaboration After Successful Proof of Concept with Sumitomo Corporation

Retrieved on:

Tuesday, April 12, 2022

Vancouver, British Columbia--(Newsfile Corp. - April 12, 2022) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") is pleased to announce its collaboration with TradeWaltz Inc. after a successful proof of concept involving a copper ore import from Sumitomo Corporation.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - April 12, 2022) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") is pleased to announce its collaboration with TradeWaltz Inc. after a successful proof of concept involving a copper ore import from Sumitomo Corporation.
Like MineHub, TradeWaltz is a blockchain-based platform and has already demonstrated a 45-60% increase in operational efficiency.
As the first step of the collaboration, a proof of concept was conducted on March 23, 2022, using a Sumitomo Corporation copper ore import transaction.
We are very excited to be working with these Japanese innovators TradeWaltz and Sumitomo Corporation on taking the industry further on its digitalisation journey."

MineHub Technologies and Sumitomo Corporation Partner to Accelerate the Digital Transformation of Industrial Supply Chains

Retrieved on:

Thursday, February 10, 2022

Under the partnership, SC and MineHub will continue to expand the MineHub core platform services with innovative solutions and value propositions.

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Under the partnership, SC and MineHub will continue to expand the MineHub core platform services with innovative solutions and value propositions.
SC will promote the MineHub platform and solutions to its vast network of suppliers, customers and partners across the globe.
Arnoud Star Busmann, CEO of MineHub, said "Sumitomo Corporation is one of the most prestigious and internationally recognised Japanese institutions.
MineHub is an open, enterprise-grade platform for digital trade, bringing efficiency, transparency and responsibility to mining and metals supply chains.

Leading the Hydrogen Transition with the Evaluation of Converting Natural Gas Pipelines to Blended or Pure Hydrogen Transportation

Retrieved on:

Thursday, November 4, 2021

One key element to enable this energy transition is the ability to repurpose existing natural gas pipeline systems for hydrogen transportation.

Key Points:

One key element to enable this energy transition is the ability to repurpose existing natural gas pipeline systems for hydrogen transportation.
The project will serve as the foundation for the development of best practices, industry code revisions and standards.
We are excited about this project because it is a critical component in accelerating the adoption of hydrogen in the energy system.
The analysis and test results will be used to determine how hydrogen service affects the safety, reliability, and management of legacy pipelines.