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mitsubishi corp (8058) Details

Mitsubishi Corporation operates as a general trading company worldwide. The company’s Global Environmental & Infrastructure Business segment conducts infrastructure projects, related trading operations, and other activities in new energy, power generation, water, transportation, and other infrastructure fields. Its Industrial Finance, Logistics & Development segment offers industrial finance services, including asset management, infrastructure investment, buyout investment, and leasing services; and develops real estate properties, as well as provides logistics services. The company’s Energy Business segment explores, develops, and produces oil and gas; invests in natural gas liquefaction projects; trades in crude oil, petroleum products, carbon materials and products, liquefied natural gas, and liquefied petroleum gas; and plans and develops new energy business. Its Metals segment invests in, develops, and trades steel sheets and thick plates; coking coal and iron ore; and non-ferrous raw materials and products, such as copper and aluminum. The company’s Machinery segment invests in, finances, and sells machine tools, agricultural machinery, construction machinery, mining machinery, elevators, escalators, ships, aerospace-related equipment, and motor vehicles. Its Chemicals segment invests in, develops, and trades in basic materials comprising ethylene, methanol, and salt produced from crude oil, natural gas, minerals, plants, marine resources, and others, as well as plastics, electronic materials, food ingredients, fertilizers, and fine chemicals. The company’s Living Essentials segment provides products and services, as well as develops businesses and invests in various fields consisting of food products and food, textiles, essential supplies, healthcare, distribution, and retail. Mitsubishi Corporation also provides integrated IT services. The company was founded in 1950 and is headquartered in Tokyo, Japan.

Founded in 1950

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mitsubishi corp
Mitsubishi Corporation, Tata Power Delhi Distribution Limited and AEs Corporation Launch Energy Storage Demonstration Project in Delhi, India

Mitsubishi Corporation reached a agreement with AES Corporation and Tata Power Delhi Distribution Limited to develop an energy storage demonstration project in India. The project will be concentrated in the grid sectors operated by TPDDL. Under the partnership, MC and AES will establish a 10 MW energy storage system at TPDDL's facilities. Administered jointly by the three companies, the energy storage system will contribute to stabilizing the grid network, which delivers power to over 7 million customers across the region. The project will be implemented using Advancion, the energy storage technology developed by AES Energy Storage, a subsidiary of AES.

AES India and Mitsubishi Corporation to Deliver India’S First Grid-Scale Energy Storage Array to Tata Power Delhi Distribution Limited

AES India and Mitsubishi Corporation announced a joint partnership agreement to deliver India’s first grid-scale energy storage array to the electric grid operated by Tata Power Delhi Distribution Limited (Tata Power-DDL). AES and Mitsubishi Corporation will develop and own the 10 megawatt (MW) Advancion energy storage array, which will demonstrate peak load management, increase system flexibility and support high levels of reliability for more than 7 million customers in the region. With this 10 MW Advancion array, Tata Power-DDL will benefit from the platform’s fourth-generation design and AES' experience gained from more than 3.5 million megawatt-hours of delivered service across the global fleet of deployments. The Advancion energy storage array will be constructed in Rohini, Delhi at a site operated by Tata Power-DDL. The array will provide peak load management, grid stability, and renewable integration services in the region when operational by the end of 2017.

Mitsubishi Corporation Advances LNG Carrier Joint Venture for Cameron LNG Project with Japan LNG Investments

Mitsubishi Corporation (MC) announced plans for a new LNG carrier to be deployed to its Cameron LNG Project in the US. The vessel will be owned by Diamond LNG Shipping 3 Pte. Ltd. (DLS-3), a ship-owning joint venture formed between MC, Toho LNG Shipping Co. Ltd. (TLS)1, Tohoku Electric Power Co. Inc. (THG) and Nippon Yusen Kabushiki Kaisha (NYK). In December 2015, MC entered into a Shipbuilding Contract with LNG builder MI LNG Company Limited2 and signed a Heads of Agreement for Time Charter Party with its wholly owned subsidiary, Diamond Gas International Pte. Ltd. for the building of the new vessel as part of its efforts to secure carriers to transport LNG produced at Cameron. MC set up DLS-3 as a wholly owned subsidiary in May 2016 to serve as the vessel's ship-owning company. At the time DLS-3 was established, however, there was an understanding among the partners that it would become a four-company joint venture incorporating Toho LNG Shipping, Tohoku Electric and NYK once approved by the relevant authorities and procedures for their equity participation were completed. MC invests in Cameron LNG through Japan LNG Investments LLC, a joint venture with NYK. LNG produced at Cameron is slated for sale to Toho Gas and Tohoku Electric through MC's subsidiary, Diamond Gas International. The new vessel, scheduled for delivery in 2019, will be utilized to transport LNG to these two companies.

 

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