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Holding Company
BUSINESS PRODUCTS & SERVICES
itochu.co.jp

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Investments

150

Portfolio Exits

21

Partners & Customers

10

Service Providers

1

About ITOCHU Corporation

ITOCHU Corporation (TYO: 8001) is a conglomerate that is engaged in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas.

ITOCHU Corporation Headquarter Location

2-5-1 Kita-Aoyama, Minato-ku

Tokyo, 107-8077,

Japan

+81 03-3497-2121

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ITOCHU Corporation Web Traffic

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Latest ITOCHU Corporation News

07:00 EDT Inter Pipeline Assessing Blue Ammonia & Blue Methanol Projects

May 11, 2022

News provided by Share this article Share this article CALGARY, AB, May 11, 2022 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") is pleased to announce it is partnering with ITOCHU Corporation (ITOCHU) and PETRONAS Energy Canada Ltd. (PETRONAS Canada) ("the Partners") to evaluate the development of world-scale integrated blue ammonia and blue methanol production facilities. Inter Pipeline Assessing Blue Ammonia & Blue Methanol Projects (CNW Group/Inter Pipeline Ltd.) "This project would be among the first of its kind in North America," said Inter Pipeline President and Chief Executive Officer, Brian Baker. "Once operational, these facilities would be at the forefront of diversifying Canada's abundant supply of raw resources by converting them to value-added, energy transition products to supply growing global markets with low or no-carbon fuel and energy products." Integrated Low Carbon, Long Term Investment If sanctioned, this project would represent an exciting opportunity for Canada to play a key role in global efforts to establish a low-carbon economy through the production of thousands of metric tonnes per day of blue ammonia and blue methanol. Blue ammonia is an efficient method of transporting hydrogen, a much sought-after energy source that contains no carbon. Blue methanol serves as a versatile building block for countless everyday products, including adhesives and construction materials and is being evaluated for use as a low-carbon fuel for industries such as shipping. The feasibility study for this project includes the evaluation of plans to minimize emissions through integration of the facilities, and to permanently sequester CO2 emitted during operations in underground storage. Economic and certain access to adequate pore space for carbon emissions from this project is an essential part of the feasibility planning. This opportunity is dependent on a thorough risk assessment to be conducted by Inter Pipeline, ITOCHU and PETRONAS Canada, and a commercial arrangement between the Partners. The Partners are expected to reach a final investment decision in early 2024. If sanctioned, construction would commence in late 2024 with a 2027 in-service date. "We're excited to see these private companies continuing to explore meaningful investments to create thousands of well-paying, value-added jobs here in Alberta and support our diversifying energy market on a global scale," said Dale Nally, Alberta's Associate Minister of Natural Gas and Electricity. "Moving ahead with this world-class facility shows our Alberta Petrochemicals Incentive Program is working to attract new investment and make life better for Albertans by creating new economic opportunities while reducing carbon emissions in Canada and around the world." The long-term investment for these projects would contribute to a stronger Canadian economy and create as many as 20,000 direct, indirect, and induced jobs throughout the construction phase. In addition, approximately 300 highly skilled permanent jobs would be created to support the ongoing operations of the project. Project Description The proposed project would consist of two facilities based in Alberta, with early expectations, pending the results of the technical evaluation, of producing world-scale volumes of blue ammonia with blue methanol volumes. CO2 emitted during processing of both products would be sequestered underground permanently and the resulting blue products would then be loaded onto rail cars for transport to an export facility before being shipped to global markets. Climate Targets One of the target markets for blue ammonia is Japan, which has set a target to reach net-zero GHG emissions by 2050. As part of that plan, the Japanese Ministry of Economy, Trade, and Industry (METI) announced that ammonia and hydrogen will play key roles in meeting its national clean energy targets in part by replacing coal as fuel in thermal power generation. The Government of Canada has stated it sees this as a significant opportunity for Canadian ammonia producers, particularly as technological advancements have enabled the production of blue ammonia. Canada's free trade relationship with Japan through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) makes Canada an ideal partner and supplier for Japan's global ammonia supply chain as Canada is among the top-10 ammonia producing countries in the world with Alberta the leading region in the country, producing about 3.5 million metric tonnes of ammonia per year. The Government of Alberta has identified diversity in the area of petrochemical development as a critical aspect of its Recovery Plan and Natural Gas Vision and Strategy designed to drive growth in Alberta's petrochemical sector. Attracting investment into Alberta's Industrial Heartland while achieving climate goals, is key to that success. Proven, Responsible, Reliable Developer Having successfully completed construction of the Heartland Petrochemical Complex, North America's first integrated propane dehydrogenation and polypropylene plant, Inter Pipeline has proven it can successfully develop a petrochemical mega project. The company has an industry leading regulatory and safety record along with demonstrated project execution experience highlighted by over $9 billion of project capital deployed over the past decade. About Inter Pipeline Ltd. Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in Western Canada and is building the Heartland Petrochemical Complex — North America's first integrated propane dehydrogenation and polypropylene facility. Contact Information Disclaimer Certain information contained herein may constitute forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, including, but not limited to, statements regarding the potential diversification benefits of the proposed facilities and associated impacts on a low-carbon economy; anticipated volumes of blue ammonia and blue methanol production; timing of any final investment decision, construction and in-service dates; possible contributions to the Canadian economy, including potential jobs creation; ultimate project scope and design parameters; anticipated contribution of the proposed facilities to any net-zero targets and Inter Pipeline's ability to successfully develop the project as described. Such information, although considered reasonable by Inter Pipeline at the time of preparation, may later prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as "may", "will", "should", "anticipate", "expects" and similar expressions. Such risks and uncertainties include, but are not limited to, risks associated with operations, such as loss of markets, regulatory matters, environmental risks, industry competition, potential delays and cost overruns of construction projects, and the ability to access sufficient capital from internal and external sources. You can find a discussion of those risks and uncertainties in Inter Pipeline's securities filings at  www.sedar.com . The forward-looking statements contained in this news release are made as of the date of this document, and, except to the extent required by applicable securities laws and regulations, Inter Pipeline assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether as a result of new information, future events, or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary note. SOURCE Inter Pipeline Ltd.

ITOCHU Corporation Investments

150 Investments

ITOCHU Corporation has made 150 investments. Their latest investment was in Fermata as part of their Series A on April 4, 2022.

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ITOCHU Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/27/2022

Series A

Fermata

$1.64M

Yes

3

4/5/2022

Series B

TXP Medical

$12.14M

Yes

2

3/29/2022

Series A - V

Wingcopter

Yes

3

3/23/2022

Unattributed VC

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$99M

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10

3/9/2022

Corporate Minority

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10

Date

4/27/2022

4/5/2022

3/29/2022

3/23/2022

3/9/2022

Round

Series A

Series B

Series A - V

Unattributed VC

Corporate Minority

Company

Fermata

TXP Medical

Wingcopter

Subscribe to see more

Subscribe to see more

Amount

$1.64M

$12.14M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

2

3

10

10

ITOCHU Corporation Portfolio Exits

21 Portfolio Exits

ITOCHU Corporation has 21 portfolio exits. Their latest portfolio exit was Lanvin Group on March 23, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/23/2022

Acq - Pending

$99M

7

3/2/2022

Acquired

1

2/1/2022

Acquired

3

10/7/2021

Acquired

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Subscribe to see more

10

9/7/2021

Acquired

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$99M

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10

Date

3/23/2022

3/2/2022

2/1/2022

10/7/2021

9/7/2021

Exit

Acq - Pending

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

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Sources

7

1

3

10

10

ITOCHU Corporation Acquisitions

12 Acquisitions

ITOCHU Corporation acquired 12 companies. Their latest acquisition was Dome on April 05, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/5/2022

$99M

Corporate Majority

2

11/16/2020

$99M

Corporate Majority

1

8/25/2020

$99M

Acq - P2P

4

12/23/2019

Series A

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$99M

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10

3/23/2018

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$99M

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10

Date

4/5/2022

11/16/2020

8/25/2020

12/23/2019

3/23/2018

Investment Stage

Series A

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

Corporate Majority

Acq - P2P

Subscribe to see more

Subscribe to see more

Sources

2

1

4

10

10

ITOCHU Corporation Partners & Customers

10 Partners and customers

ITOCHU Corporation has 10 strategic partners and customers. ITOCHU Corporation recently partnered with MEGAZONE on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/13/2022

Partner

South Korea

South Korean Cloud targeting Japan... MEGAZONE established a joint venture with Itochu

South Korean Cloud targeting Japan ... MEGAZONE Cloud established a joint venture with Itochu Techno-Solutions

1

3/29/2022

Supplier

Germany

Wingcopter wins ITOCHU as a strategic investor and authorized partner in Japan

The partnership with ITOCHU Corporation further strengthens Wingcopter 's expansion in Japan , one of the most important markets for drone delivery in the future , given the country 's progressive approach to integrating drones into everyday life .

3

3/16/2022

Partner

Italy

Aquafil - Aquafil and ITOCHU announce the signing of a Business Alliance Agreement to expand and accelerate the nylon circular business

Since the strategic partnership was announced last year , ITOCHU Corporation has been promoting waste nylon collection , ECONYL ® branded products sales and the development of new applications .

1

1/25/2022

Partner

Australia

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10

11/9/2021

Partner

United States

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10

Date

4/13/2022

3/29/2022

3/16/2022

1/25/2022

11/9/2021

Type

Partner

Supplier

Partner

Partner

Partner

Business Partner

Country

South Korea

Germany

Italy

Australia

United States

News Snippet

South Korean Cloud targeting Japan... MEGAZONE established a joint venture with Itochu

South Korean Cloud targeting Japan ... MEGAZONE Cloud established a joint venture with Itochu Techno-Solutions

Wingcopter wins ITOCHU as a strategic investor and authorized partner in Japan

The partnership with ITOCHU Corporation further strengthens Wingcopter 's expansion in Japan , one of the most important markets for drone delivery in the future , given the country 's progressive approach to integrating drones into everyday life .

Aquafil - Aquafil and ITOCHU announce the signing of a Business Alliance Agreement to expand and accelerate the nylon circular business

Since the strategic partnership was announced last year , ITOCHU Corporation has been promoting waste nylon collection , ECONYL ® branded products sales and the development of new applications .

Subscribe to see more

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Subscribe to see more

Subscribe to see more

Sources

1

3

1

10

10

ITOCHU Corporation Service Providers

1 Service Provider

ITOCHU Corporation has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Unattributed VC

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Unattributed VC

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

ITOCHU Corporation Team

9 Team Members

ITOCHU Corporation has 9 team members, including current Chief Executive Officer, President, Masahiro Okafuji.

Name

Work History

Title

Status

Masahiro Okafuji

Chief Executive Officer, President

Current

Tadayuki Seki

Chief Financial Officer

Current

Eizo Kobayashi

Owner

Current

Ichiro Tsuge

ITOCHU Finance

Chief Executive Officer

Former

Kenji Okada

President

Former

Name

Masahiro Okafuji

Tadayuki Seki

Eizo Kobayashi

Ichiro Tsuge

Kenji Okada

Work History

ITOCHU Finance

Title

Chief Executive Officer, President

Chief Financial Officer

Owner

Chief Executive Officer

President

Status

Current

Current

Current

Former

Former

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