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Top related persons:
Lim Huey Teng - 1 Axiata - 1 Rishav Chatterjee - 1 Sonia Cheema - 1 Toru Hanai - 1 Mitsui - 1 JOGMEC - 1 Novatek - 1
Top related locs:
Kuala Lumpur Malaysia Malaysian ADA's Bengaluru Tokyo Japan UAE
Top related orgs:
REUTERS - 2 Mitsui - 2 Thomson - 2 Axiata - 1 Analytics - 1 Axiata Digital Services - 1 Mitsui & Co - 1 Rights - 1

Search resuls for: "Japan's Mitsui"


6 mentions found


☆ Japan's Mitsui to buy 12.7% stake in Axiata's digital and analytics unit
  + stars: | 2023-11-02 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Lim Huey Teng/File Photo Acquire Licensing RightsNov 2 (Reuters) - Japanese trading house Mitsui (8031.T) will take a 12.69% stake in Axiata Group's (AXIA.KL) digital and analytics unit, the Malaysian telecommunications conglomerate said on Thursday. Mitsui will invest $58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services. Mitsui's latest investment currently values the digital and analytics firm at $550 million. "Through this additional investment, Mitsui will provide ADA's marketing solutions and data analysis services to Mitsui's important partners and investees to help accelerate their marketing DX efforts," the Japanese firm said. Mitsui will also acquire an additional 16.7% stake in Axiata Digital Services, beefing it up to 20%.
Persons: Lim Huey Teng, Axiata, Rishav Chatterjee, Sonia Cheema Organizations: REUTERS, Mitsui, Axiata, Analytics, Axiata Digital Services, Thomson Locations: Kuala Lumpur, Malaysia, Malaysian, ADA's, Bengaluru
☆ Japan's Mitsui to comply with Arctic LNG 2-related U.S. sanctions
  + stars: | 2023-09-16 | by ( Katya Golubkova Yoshifumi Takemoto | Katya Golubkova | Yoshifumi Takemoto | ) www.reuters.com   time to read: +2 min
REUTERS/Toru Hanai Acquire Licensing RightsTOKYO, Sept 16 (Reuters) - Japan's Mitsui (8031.T) said on Saturday it is committed to complying with restrictions in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 liquefied natural gas project in which it holds a stake. However, a Japan government source said they could complicate how Mitsui and another Japanese shareholder JOGMEC provide support for the project and could also delay production from Arctic LNG 2. The Arctic LNG 2 project in Russia's Arctic is operated by Russian company Novatek (NVTK.MM) while Mitsui and fellow Japanese firm JOGMEC hold a combined 10% stake. Novatek plans to launch first production train at the Arctic LNG 2 project towards the end of the year. The Arctic LNG 2 project is designed to run three production lines with an annual production capacity of 19.8 million tons.
Persons: Toru Hanai, Mitsui, JOGMEC, Novatek, Katya Golubkova, Jason Neely Organizations: Mitsui & Co, REUTERS, Rights, Japan's Mitsui, Reuters, Mitsui, Thomson Locations: Tokyo, Japan, UAE, Russian, Yamal, Ukraine, Moscow, Russia
☆ India's JSW One Platforms raises $25 million from Mitsui & Co in series A round
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, April 10 (Reuters) - India's JSW One Platforms, a unit of conglomerate JSW Group, on Monday, said it raised 2.05 billion rupees ($25.02 million) from Japan's Mitsui & Co Ltd (8031.T) in its series A funding round. The funding will strengthen its market presence and further enhance tech capabilities, JSW One Platforms said in a statement, adding that the investment values the company at over 27.50 billion rupees. The business-to-business e-commerce firm, rolled out by JSW Group in 2021, services the supply chain needs of industrial and construction companies in the micro, small, and medium enterprises (MSME) space. Mitsui, in the same statement, said it believes the investment will lead to a restructuring of the supply chain in India. JSW One Platforms added that it will use the funds to strengthen its market presence and enhance tech capabilities.
☆ Japan's Mitsui, Itochu and JERA to sign new long-term contracts to buy LNG from Oman -NHK
  + stars: | 2022-12-26 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Dec 27 (Reuters) - Japan's trading houses Mitsui & Co (8031.T), Itochu Corp (8001.T) and Japan's biggest power generator JERA are expected to sign new long-term contracts to buy liquefied natural gas (LNG) from Oman, NHK said on Tuesday. The Japanese companies are expected to buy a total of about 2 million tonnes of LNG, starting from 2025, through around 10-year contracts, public broadcaster NHK said. The Japanese companies will likely make agree on the contracts on Tuesday and Japanese industry minister Yasutoshi Nishimura, who is currently visiting the Middle East, will attend the signing ceremony, NHK said. Japan imported 1.9 million tonnes of LNG in 2021, accounting for 2.6% of Japan's total imports. Other Japanese companies are also in negotiations with Oman to buy LNG, NHK said.
☆ Japan's Mitsui OSK, Kansai Electric sign MoU on carbon capture and storage
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: 1 min
SINGAPORE, Dec 23 (Reuters) - Japanese shipping company Mitsui O.S.K Lines (MOL) (9104.T) and Kansai Electric Power Co (KEPCO) (9503.T) have signed a memorandum of understanding (MoU) to study the development of a carbon capture and storage (CCS) value chain. The value chain includes the separation, capture, transportation, injection and storage of carbon dioxide emitted from KEPCO's thermal power plants, said MOL in a statement on Wednesday. Both MOL and KEPCO will also look at developing marine transportation of liquefied carbon dioxide to potential storage sites, the statement added. Industries worldwide are exploring carbon capture and storage solutions to try to reduce emissions and meet environmental targets. Reporting by Emily Chow; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
☆ Australian contractor Clough's collapse leaves more than $8 bln of projects in limbo
  + stars: | 2022-12-06 | by ( Sonali Paul | ) www.reuters.com   time to read: +3 min
It said the goal is to source "immediate interim funding to be able to continue work on as many projects as possible as quickly as possible". Clough is also handling construction of the A$768 million ($515 million) Waitsia Stage 2 gas project, owned by a unit of Japan's Mitsui & Co (8031.T) and Australia's Beach Energy (BPT.AX). The Waitsia Stage 2 project was due to start producing gas for export through the North West Shelf liquefied natural gas (LNG) plant in late 2023. "Given that an administrator has only just been appointed for Clough, it would be premature to speculate on the precise impacts for the Waitsia Gas Project Stage 2," Mitsui E&P Australia said in a statement. TransGrid said it would continue to work with Clough's partner Elecnor to deliver the A$2.3 billion project.
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