Water and Environment Initiatives
In the environment field, ITOCHU signed a Public Private Partnership (“PPP”) Contract for an energy-from-waste project in the Republic of Serbia and began construction of an energy-from-waste facility and related facilities in October 2019. The project involves closing and appropriately managing the existing landfill site which is an environmental catastrophe on the bank of the Danube River and treating the municipal waste generated in Belgrade to generate clean, fossil fuel-free power over a period of 25 years. ITOCHU and its partner in this project France-based SUEZ have already worked together on four energy-from-waste projects in the UK, which in aggregate treat around 1.3 million tons of waste annually, accounting for roughly 10% of the waste incineration market of the UK. In November 2020, ITOCHU joined a project to provide waste management services for the petrochemical industry in Jubail Industrial City, Saudi Arabia, with the aim of further contributing to protection of the environment. Moving forward, ITOCHU will continue contributing to the realization of sustainable local communities and reducing environmental impacts in regions grappling with environmental and social issues.
In the water field, we entered the water supply business in the UK in 2012 and then went on to enter the water supply and sewage business in the Spanish Canary Islands in 2014. We have also entered the seawater desalination business through participation in projects in Victoria, Australia and Oman in 2012 and 2016 respectively. In the Oman project, the seawater desalination plant, which is Oman's largest, went into commercial operation in 2018. The produced water will be supplied as daily life water to Oman's capital city Muscat and its surrounding area for the next 20 years in accordance with the water sales contract. Against a backdrop of soaring water demand associated with rapid worldwide population growth, economic development and global warming, ITOCHU is committed to actively promoting projects that will contribute to the effective use of water resources in the Middle East and other regions around the world.