ITOCHU Announces Investment in Purus Marine

April 12, 2023

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today that it has decided to make an equity investment in Purus Marine (headquartered in London, the United Kingdom; Julian Proctor, CEO; hereinafter “Purus Marine”), a maritime holding company 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, (1) vessels that use various technologies to reduce carbon emissions or achieve zero emissions in vessel operations, and (2) 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*1) under contract with investment-grade end-usersin response to growing needs for decarbonization in the maritime transportation sector.

  • *1vessels in the ammonia and LNG sectors, vessels with a hybrid battery package that support offshore wind power generation, container vessels with a combined carbon capture system / scrubber installed, ferries with battery hybrid / fully electric packages

As the basic policies of its medium-term management plan, ITOCHU has set "Realizing business transformation by shifting to a market-oriented perspective" and "Enhancing our contribution to and engagement with the SDGs through business activities". ITOCHU will continue to promote strategic collaboration with Purus Marine including the development of low-carbon assets and joint ownership of quality assets that contribute to decarbonation in the Japanese market, thereby aiming to solve issues towards the realization of a sustainable society.

Overview of Purus Marine

Representative Julian Proctor
Headquarters London
Established 2020
Number of Employees Approximately 300 (on a group-wide basis)

Vessels that support offshore wind power generation

Contact information for this release

ITOCHU Corporation Corporate Communications Division / Marine Department of Machinery Company
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