Sojitz announced today that Rubis Terminal Infra SAS (“Rubis Terminal”), a French petroleum product-related terminal company, and Reganosa Asset Investment (“Reganosa Asset Investment”), a Spanish infrastructure investment company ) (*) to jointly investigate the business of building a green hydrogen supply chain in Europe (hereinafter referred to as the “MOU”).

Spain has high potential for solar power generation and wind power generation, and the ratio of renewable energy power generation to total power generation exceeds 30%.

Among them, Galicia, in the northwestern part of Spain, where Leganosa operates an LNG receiving terminal, has a geographical advantage in terms of access to major ports in northwestern Europe (Amsterdam, Rotterdam, Antwerp, etc.). We believe that it is one of the best locations for green hydrogen production and export bases.