Marubeni Asian Power Singapore Pte Ltd., a wholly-owned subsidiary of Japanese multi-sector giant Marubeni, is seeking to cooperate with Vietnamese businesses in sustainable aviation fuel and renewable energy, particular offshore wind power.
A Marubeni Asian Power Singapore Pte Ltd. delegation, led by CEO Moroo Shiro, delivered its renewable energy intention to state utility Vietnam Electricity (EVN) at a Wednesday meeting.
The company said it has been developing wind power projects globally since 2010 and reaped massive experiences in the field.
Marubeni also noted that it is seeking to boost the cooperation with EVN in technology and solutions for reducing carbon emissions of coal-fired power plants.
In reply, EVN general director Nguyen Anh Tuan said EVN looks forward to cooperation with credible and experienced foreign partners like Marubeni to implement its energy transition and green energy development. The move is part of its efforts to help Vietnam’s net zero emission target by 2050.
Also as part of the Marubeni delegation in Vietnam, Moroo Shino and national flag carrier Vietnam Airlines leadership had a discussion on use of sustainable aviation fuel.
Moroo Shino affirmed that Marubeni is capable of supplying such fuel to Vietnam Airlines, in line with the latter’s sustainable development strategy.
In reply, the carrier emphasized it would soon make first flights with sustainable aviation fuel, towards Vietnam’s net zero emission target by 2050.
In November 2023, Marubeni president and CEO Masumi Kakinoki said the conglomerate had invested JPY90 billion ($593 million) in Vietnam since 1991 and was looking to continue investing billions of USD more. Marubeni aimed to further its investments in Vietnam, especially in energy, processing, export of goods, and infrastructure development, the executive added.