Recent News

SC makes investment in Brazilian insect protein production and biotechnology company Cyns to Support Next Generation Sustainable Feed Production

Sumitomo Corporation, through Sumitomo Corporation do Brasil S.A. announced today a joint investment in a Seed round for Cyns, a biotechnology company located in Sao Paulo, Brazil, to unlock the next chapter of black soldier fly (BSF) farming in Latin America. Lambarin Investimentos, a Brazilian family office and wealth management firm, has also joined the […]

SC makes investment in Brazilian insect protein production and biotechnology company Cyns to Support Next Generation Sustainable Feed Production Read More »

Industry Leaders Share Initial Results of Pioneering Effort to Decarbonize Global Supply Chains June

New York, NY – In an effort to drive mitigation and decarbonization, Sumitomo Corporation of Americas, Bayer, JBS, AMAGGI, Rumo, and SINAI Technologies announced today the initial results of their first-of-its-kind collaboration to collect, allocate, and share primary emissions data across global supply chains. These results are the first step in the CarbonPrime initiative, which

Industry Leaders Share Initial Results of Pioneering Effort to Decarbonize Global Supply Chains June Read More »

Sumitomo Corporation Group Establishes Renewable Energy Development Company in the U.S.

SC through SCOA together with Advantage Capital (AC) — a U.S. impact investment firm that is also working on the development of the renewable energy business — has established Perennial Renewables LLC (PR), a limited liability company that develops renewable energy projects with a focus on solar power generation. read more here

Sumitomo Corporation Group Establishes Renewable Energy Development Company in the U.S. Read More »

Allotrope Partners LLC, Axens North America and Sumitomo Corporation of Americas to Study Commercial Production of Low Carbon Biofuel Using Woody Biomass from Forest Thinning in California

Allotrope Partners LLC (“Allotrope”), Axens North America (“Axens”), and Sumitomo Corporation of Americas (“SCOA”) announced the signing of an agreement to develop a Joint Study for a commercial plant producing cellulosic bioethanol, utilizing the Axens Futurol™ process, produced from woody biomass through Allotrope Cellulosic Development Company LLC (“ACDC”), a project development company based in the

Allotrope Partners LLC, Axens North America and Sumitomo Corporation of Americas to Study Commercial Production of Low Carbon Biofuel Using Woody Biomass from Forest Thinning in California Read More »

SCOA and Carbon Opportunities Fund Lead the Way with First Transaction of Tokenized Carbon Assets reflected in the Climate Action Data Trust

Washington, D.C. — In an important step and key milestone for the carbon markets, Carbon Opportunities Fund and Sumitomo Corporation of Americas (SCOA) announced one of the first transactions of tokenized carbon credits leveraging the Climate Action Data Trust (CAD Trust) built on the Chia blockchain. Click here to read

SCOA and Carbon Opportunities Fund Lead the Way with First Transaction of Tokenized Carbon Assets reflected in the Climate Action Data Trust Read More »

SC Expands Market Presence and Function in U.S. Sulfuric Acid Business with Acquisition of Saconix

Sumitomo Corporation of Americas (SCOA) together with its parent, Sumitomo Corporation Japan (SC) announced its acquisition of Saconix LLC (Saconix), a company engaged in the procurement, sale, storage and distribution of sulfuric acid in the Western U.S. and the Gulf Coast region, expanding its market presence in the Sulfuric Acid business in North America. click

SC Expands Market Presence and Function in U.S. Sulfuric Acid Business with Acquisition of Saconix Read More »

SCOA & Reconciliation Energy Transition Inc. Announce Exclusivity Agreement for Carbon Transportation and Sequestration Project in Alberta, Canada

Calgary AB and New York, NY – SCOA and Reconciliation Energy Transition Inc. (“RETI”) are pleased to announce they have entered into an agreement whereby RETI has granted to Sumitomo the exclusive right to acquire a significant equity interest in the East Calgary Carbon Transportation & Sequestration Project (the “CTS Hub”).   read more here…

SCOA & Reconciliation Energy Transition Inc. Announce Exclusivity Agreement for Carbon Transportation and Sequestration Project in Alberta, Canada Read More »

SCOA Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc.

SCOA today announced the establishment of a non-exclusive strategic sales agent agreement with Hyperspectral Intelligence Inc. (HII), a leading provider of hyperspectral rock identification hardware and data analytics solutions for the mineral exploration and mining sector.

SCOA Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc. Read More »

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