Coal-fired power generation emits more CO₂ ​per kWh (amount of electricity generated) than other power sources, so there is a need for solutions to reduce CO₂ ​emissions. One of these is the use of biomass fuel, which is a carbon-neutral raw material. Biomass fuel is an organic material derived from plants, which absorbs CO₂ ​ through photosynthesis during the growth process of living organisms.

By 2030, we are aiming for annual production of 3 million tons of Idemitsu Green Energy Pellets a biomass solid fuel to replace coal. We completed construction of a factory in Vietnam in fiscal 2023, and will continue to contribute to carbon neutrality by expanding our production base and production volume.