Amidst complex and rapidly changing global energy dynamics, JERA’s new growth strategy ensures the agility and efficiency.
JERA has set the following goals corresponding to the three business pillars by fiscal year 2035:
– LNG: JERA targets more than 35 million tons of transaction volume as one of the world’s largest LNG integrated value chain players.
– Renewables: JERA aims at 20 GW (gigawatts) of capacity becoming one of the industry leading renewables players.
– Hydrogen & Ammonia: JERA targets approximately 7 million tons of handling volume and aims to pioneer the global hydrogen & ammonia value chain.
Our vision will be made possible through strategic collaborations with our global partners. Built on mutual goals and a culture of diversity and openness, we and our partners will join forces to embark on a journey to transform the energy sector.
..Yukio Kani, Global CEO and Chair, said.
Hisahide Okuda, President, Director, CEO, and COO, added, ”With strong emphasis on capital market valuation comparing with global peers, JERA has set a clear financial targets for profitability, capital efficiency and financial reliability to be achieved by 2035. JERA will actively allocate total capital investment of 5 trillion yen with flexibly adjusting investment balance over three business areas in response to market trends, technological innovations and global policy shifts”
JERA is also progressing toward creating zero emissions in thermal power generation and has set ambitious but realistic environmental targets. JERA is committed to reduce CO2 emissions intensity by 20% as of 2030, total CO2 emissions by 60% as of FY2035 before achieving zero CO2 emissions from its domestic and overseas operations as of 2050.
