Founded in 1919, Sumitomo Corporation is part of the Sumitomo Group, one of the largest sogo shosha (general trading companies) in Japan. It has a strong track record in energy innovation and global industrial partnerships, frequently investing in next-generation fuels, renewables, and the hydrogen economy.
Founded in 1919, Sumitomo is a global trading company. It signed a Joint Development Agreement with ENEOS and SEDC Energy in 2023 for hydrogen supply chain development from Malaysia to Japan and is leading feasibility and financing arrangements.[2]
Sumitomo has an extensive history as a major Japanese trading house with growing investments in renewable energy. Recent activity includes multiple UK clean energy projects, especially under the UK's new industrial clean energy strategy.[2][5]
Established in 1919, Sumitomo is one of Japan's leading sogo shosha (general trading houses), increasingly active in clean energy investments worldwide. Recent years have seen significant capital commitments to hydrogen, wind, CO2 infrastructure, and other energy transition projects in Europe, Asia, the Americas, and A
Japanese corporation partnering with ITM Power to develop multi-megawatt carbon-free hydrogen projects in Japan. Sumitomo will supply customer financing and market ITM Power's electrolyser products in Japan.