b'CHEMICALS CONTINUEDWe identified Saconix as a strategic investment because its busi- INTERACID pride themselves on owning and operating their ness model is extremely compatible with our current investments,storage tanks for sulfuric acid, delivering timely product and brings a high potential of growth synergy for our Sulfuric Aciddistribution and even leasing storage tank space for customers business in the U.S., increasing our global competitiveness, saidin need of personalized logistics solutions. Saconix brings their Masaya Sato, Basic Chemical Group General Manager of SCOA.operational facilities totaling 7 across both U.S. Gulf and West We expect to provide additional value and high service to ourCoast regions into the fold under SC Groups stewardship.customers through the strong synergies of our global SulfuricUpon completion of the acquisition, SCs leading position in the Acid business. industry stood solidified, with the new collaboration handling The story of Sumitomo Corporation Groups sulfuric acid businessmore than 3.5 million tons of sulfuric acid via the utilization of can be traced back to Japans export of sulfuric acid derived from19 tanks with a combined capacity of approximately 330,000 the smelting of nonferrous metals. SCOA and SC have steadilytons. This fortifying expansion represents SCOAs unwavering grown their presence in global sulfuric acid trade, handling ancommitment to growing business endeavors while fostering impressive range of maritime transport transactions and logisticscarbon reduction practices that align with SCs goal to achieve services in countries such as the United States and Chile. carbon neutrality by 2050.Above:(left to right), Above:(left to right),Ashley Davis, FP&A Strategy Analysist SACONIX;Takayuki Kita, SC Tokyo; Mike Nagaoka, GM of Chantelle Carter, Logistics Manager SACONIX; Sarah Gill, CustomerHouston Risk Management SCOA; Brent Shonka, GM of SACONIX and Solutions Admin Assistant SACONIXSATCO; Aki Sasano, GM of Specialty and Inorganic Chemicals SCOA; Masaya Sato, GM of Basic Chemicals GroupAbove:(left to right), Above: Steve Wortman, FP&A Strategy Manager SACONIXAlan Shiver, Accountant SACONIX; Ben Gonglach, Accountant SACONIX; Takayuki Kita, Manager SC Tokyo; Tony Taniuch, Deputy GM SCOA16 visions Fall 2023'