Plant Project, Marine & Aerospace
Plant Project
From Conventional Large-Scale Project Development to Future Energy Initiatives
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In the plant project field, we bring to bear the comprehensive strengths of a trading company, including information gathering and development capabilities, project finance capability, and coordinate function between related parties obtained through involvement in international projects over many years. We are involved in projects such as seawater desalination plants, water supply and sewerage facilities, water and environment-related businesses such as power generation from waste, renewable and alternative energy projects including geothermal, wind and solar power generation; electric power- related services, social and transportation infrastructure such as railways, bridges, ports, and chemical plants. We have also branched out into project development, project finance, project investment, M&A, and operation and maintenance for plant facilities in countries all over the world.
We also undertake EPC (Engineering, Procurement & Construction) projects, where we take charge of plant construction in collaboration with heavy industry, heavy electric machinery, engineering and construction companies.
Water Resources・Environment
We are actively expanding water and environment-related businesses, which are positioned as a top priority sector. In the seawater desalination field, we are involved in large seawater desalination projects in Australia and Oman. In the environment field, we are involved in energy-from-waste projects in the UK, Serbia, and Dubai, and the industrial waste disposal business in Saudi Arabia. We are also planning to actively expand our operations to countries and regions around the world facing similar challenges, leveraging this expertise.
Electric Power
ITOCHU Corporation promotes a global decarbonization business (e.g., renewable energy, ammonia, hydrogen) as well as the thermal IPP (Independent Power Producer) business. We have grown the business in this market to integrate multi-function such as investment, engineering, construction, operation and maintenance (O&M), equipment maintenance and development. We are also very active in the power generation business, leveraging wind, solar, geothermal and hydroelectric power, biomass, and other sources of renewable energy. We aim to increase renewable energy as a percentage of energy generated by the power generation business as a whole around 18.0% to more than 20% by FY2030 on a total net generation capacity basis.
Transportation and Infrastructure
To cater to growing demand for railways, bridges, ports, airport facilities and other forms of infrastructure, particularly in emerging countries, we are promoting projects in collaboration with Japanese and overseas manufacturers and operators.
In the railway sector, we secured a public-private partnership (PPP) contract to provide trains to the government of Queensland, Australia in 2014, and have already begun commercial operations.
In the port sector, we participated (signed contract in 2011) in the Lach Huyen Port project, the first PPP project in Vietnam, and the port opened in 2018. In the bridge sector, Turkey’s longest suspension bridge, the Izmit Bay Bridge (for which we signed a contract in 2011) opened in 2016.
Chemical plants
Our projects involving oil and gas production facilities, refineries, chemical plants, energy infrastructure and other facilities are under way around the world, mainly in oil-producing countries and emerging countries. Through collaboration with engineering firms and plant equipment manufacturers in Japan and overseas, we demonstrate diverse capabilities, spanning project formation, EPC, the export of equipment, the arrangement of finance and the coordination of raw materials supply and off-taking of final products, thus contributing to the realization of projects which support the growth of emerging economies. As the movement toward a decarbonized society accelerates, we are also working on plant businesses related to hydrogen and ammonia and in the area of recycling.
Marine
Supporting International Shipping
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Leveraging a maritime cluster centered on Japan’s shipbuilding industry - which accounts for approximately 15% of global vessel construction and encompasses shipowners, ship operators and ship financiers - we fully deploy our trading company functions to deliver integrated, high value-added solutions: the sale and purchase of newbuild and secondhand vessels, chartering, ship finance intermediation and ship owning. We have achieved outstanding results for shipowners around the world, including in Europe, North America, Asia (including Japan), Latin America and the Middle East.
In recent years, we have expanded our partnerships beyond Japanese shipyards to leading shipbuilders in South Korea and China. Beyond brokering newbuild and secondhand vessel transactions, we also own and operate our own commercial fleet and participate in LNG transportation projects. Additionally, we are actively engaged in offshore resource development through FPSO (Floating Production, Storage & Offloading) projects.
Moreover, in anticipation of the decarbonization of international shipping, we are committed to building an ammonia value chain centered on the development of ammonia-fueled vessels.
In collaboration with a prominent group in the maritime industry (ship operators, publishers, and trading companies etc.) in Japan and Asia, we have established MarineNet Co., Ltd. This company operates Marine Net, Japan's first portal site for the shipping and shipbuilding industries, and provides maritime industry with consulting services that include the distribution of shipping and shipbuilding-related information and ship valuation.
Aerospace
Operating aerospace-related businesses for government and the commercial sector
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In the defense, aerospace, and security sectors, we leverage trust-based relationships we have built over many years with world-leading aerospace companies that possess advanced technological capabilities. These companies include The Boeing Company, RTX Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, and Honeywell International Inc. With ITOCHU as the core entity and leveraging group companies—ITOCHU Aviation Co., Ltd. and Japan Aerospace Corporation in Japan, and ITOCHU Aviation, Inc. and JAC USA in the United States—we undertake marketing and contract execution in these fields.
In the commercial aviation business, we lease over 100 aircraft and engines to airlines worldwide. Moreover, as part of our business expansion, in 2025, we established IC Aero Co., Ltd., a dedicated aircraft leasing company in Japan. In the aftermarket business, through our investment in Ireland's Killick Aerospace Limited, we engage in the sale of used aircraft parts and OEM distribution operations. Anticipating the future decarbonization of aviation, we are also actively investing in fields such as drones, next-generation mobility, and hydrogen fuel cell engines.
Going forward, we will maximize synergies with our Group companies centered on ITOCHU to capture customer needs accurately and swiftly, and provide high-added-value business solutions.
