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Marubeni receives order for Gold Coast City light rail extension PPP project

Australia

  • Tram in operation in Gold Coast City
  • ZoomRoute map

Through the joint investments of Marubeni and Marubeni Australia in GoldlinQ Holding Pty Ltd (“GoldlinQ”), it was possible to obtain the operator rights for a public-private partnership (PPP) for the extension of a light rail system (tram) in Gold Coast City from the Queensland state government.
GoldlinQ procured the PPP operation rights from the state government in 2011; and has been running and maintaining the tram route lines since July 2014, with 16 stations on 13 km of track along a coastal stretch in Gold Coast City. The PPP rights were obtained at this time with the decision by the Queensland government to extend the track to the northwest by 7.3 km, and to add 3 stations. The total project expenditure will be about AUD $400 million, and includes the operation and maintenance of the existing and new lines for a period of 12 years after the completion of the construction of the new line.
The existing tram lines are in harmony with the landscape, and have a low environmental impact, and used by residents and tourists as a form of public transportation. The extension is expected to fill a critical transit need for the Commonwealth Games that are scheduled to be held in Gold Coast City in April 2018.

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May. 2. 2016 [242KB]
Jun. 10. 2011

Start of operation of the urban rail Purple Line in Bangkok, Thailand

Thailand

  • View from the starting station
  • Passengers lined up on the platform

A joint venture formed by Marubeni and Toshiba Corporation (“Toshiba”) was awarded a contract to supply rail systems (including rolling stock, signaling, operations monitoring and control facilities, power supplies, communications facilities, etc.) in Bangkok. In August 2016, the Bangkok Purple Line urban rail began commercial operation.
The Purple Line is a 23-km mass transit railway line that connects northern Bangkok and Nonthaburi Province to the northwest of the city. It was constructed by Mass Rapid Transit Authority of Thailand (“MRTA”) with the support of Japanese yen loans. The operation of this line will improve the access and alleviate congestion on routes between central Bangkok and Nonthaburi Province, which has a population that continues to grow along with the economic growth.
Marubeni and Toshiba also established a joint venture with East Japan Railway Company for a 10-year maintenance service and started the maintenance service.

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Aug. 8. 2016 [238KB]
Sep. 7. 2015 [203KB]
Nov. 6. 2013

Awarded railway system PPP project in New South Wales, Australia

Australia

  • Railway system PPP project in New South Wales (Australia)

In 2014, NRT, a Marubeni affiliate company, invested by Marubeni was awarded the contract to operate the Sydney Metro Northwest Project (“SMNW”) by the New South Wales Government in Australia.
SMNW is a public private partnership (“PPP”) project to construct, operate and maintain a 36 km railway system (including construction of a new 23 km railway with 8 stations and upgrade of 8 km existing line) in the North West Sydney area. This project is the first step in establishing a railway network for the Sydney area.
The total project cost is approximately A$8.3 billion, the largest city railway project among the public transportation constructions underway in Australia. It is also Australia’s first fully automated railway system.
Construction started in April 2015, and services are expected to start in 2019.

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Supply of coal handling facility in Vostochny Port, Russia

Russia

  • The whole view of the coal export terminal in Vostochny Port (expansion terminal to be constructed on right)

In July 2014, Marubeni, together with Mitsui Miike Machinery Co., Ltd., was awarded the contract by the leading port stevedoring company in Russia, JSC Vostochny, to supply a coal handling facility for the newly expanding terminal in Vostochny Port, and successively received the supplemental order for shiploading machines in September 2015.
JSC Vostochny Port owns coal handling terminals with annual capacity of 18 million tons, and exports coal to East Asian countries including Japan. Vostochny Port was constructed as a Japan-USSR Economic Cooperation Project in the 1970s, and the coal handling equipment, which was supplied by Mitsui Miike, is still under operation. This new terminal will be constructed next to the existing terminal, doubling the handling capacity to meet increasing export of Russian coal.
Construction is underway to start operations in the summer of 2017.
Coal from JSC Vostochny Port is also exported to Japan, and this is considered an important project that contributes to stable energy supply to Japan, and further enhances the relationship between Japan and Russia. Marubeni will continue to actively take part in port terminal projects planned in the Russian Far East region.

Development at Thilawa Industrial Complex in Myanmar

Myanmar

  • Development at Thilawa Industrial Complex in Myanmar
  • Conceptual illustration

Marubeni, Mitsubishi Corporation, and Sumitomo Corporation, through their SPC MMS Thilawa Development Company (MMSTD), joined forces with Myanmar Thilawa SEZ Holdings Public Limited on January 10, 2014 to establish Myanmar Japan Thilawa Development Ltd. (“MJTD”). MJTD has completed construction of the main part of the 396 ha “Class A Area” of the Thilawa Special Economic Zone (Thilawa SEZ) in Myanmar, the section designated for initial development and inaugurated on September 23, 2015.
This is the first Japan-Myanmar public-private collaboration project, and the Japan International Cooperation Agency (“JICA”), and three Japanese mega banks have invested to support the project.
Thilawa SEZ is a key location, not only for export processing bases, but also for production bases targeting domestic demand. The companies will provide infrastructure and utility services by applying the extensive knowhow that they have developed in the industrial park business. With the all-Japan framework involving both governments and private sectors, Marubeni will attract Japanese and other foreign investment to the area and contribute to job creation and the economic development of Myanmar.

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May. 19. 2014 [102KB]
Oct. 29. 2013
May. 1. 2013

Awarded a contract by JSW Steel to renovate the blast furnace in the Dolvi Steelworks in India (the first Japanese blast furnace in India)

India

In October 2013, together with Nippon Steel & Sumikin Engineering Co., Ltd. ("NSENGI"), Marubeni was jointly awarded a contract by JSW Steel Limited ("JSW"), a leading steel company in the private sector in India, for the blast furnace revamping of their Dolvi Works.
This project enables increased production of the blast furnace by almost doubling the furnace volume. The contract was awarded as a result of JSW's evaluation of NSENGI's unique revamping method of shortening the construction period, and Marubeni's project execution ability performed through past JSW projects.
This project will be the first to deploy a Japanese blast furnace with high production efficiency, as well as a construction period shorter than 100 days, thus minimizing production downtime.
Marubeni and NSENGI will continue contributing to emerging countries in terms of improvement of economic efficiency, CO2 emission reduction and energy-saving by expanding their global business and promoting their projects in India as well as in other oversea markets.

Supplying the Nagoya City Transportation Bureau's electric metro coaches to the Buenos Aires City Subway in Argentina

Argentina

  • The model 5000 metro coach from the Nagoya City Transportation Bureau's Higashiyama Line (after renovation)

In February 2014, Marubeni received an order to supply 30 metro coaches for the C line of the Buenos Aires City Subway (Subterráneos de Buenos Aires Sociedad del Estado) in Argentina. The model 5000 metro coaches that were running on the Nagoya City Transportation Bureau Higashiyama Line were renovated with newly-built electrical systems and air braking system equipment. The supply of all 30 coaches was completed in May 2015.
Marubeni has experience in renovating and supplying 131 used coaches from the Marunouchi Line, Tokyo Metro for the Buenos Aires Subway B Line, as well as 78 used coaches from the Higashiyama Line, Nagoya, for the Buenos Aires Subway C Line. Marubeni's extensive experience in renovating and supplying used coaches, coupled with its project management know-how, has been highly evaluated, which is why Marubeni was chosen for this new order.
As there are several railway investment projects now being undertaken in Argentina, Marubeni will continue to use its extensive experience to contribute to infrastructure development in the country.

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Train supply contract for Venezuelan Railways

Venezuela

  • The suburban-type train sets for this project

In October 2012, Marubeni, in collaboration with Nippon Sharyo, Ltd. (“ Nippon Sharyo” ) and Toshiba Corporation (“ Toshiba” ), received an order from Venezuelan Railways (“ Instituto de Ferrocarriles del Estado” ) to supply 13 suburban-type train sets consisting of 52 railcars. Marubeni will supply complete train sets manufactured by Nippon Sharyo with electric equipment supplied by Toshiba. The shipment of all 13 train sets were completed by September 2015. After the train sets arrive in Venezuela, running tests and training for operators will be conducted.
In 1992 and 2004, Marubeni was awarded two contracts for the construction of the 42 km electrified double-track railroad connecting the capital Caracas with the satellite city of Cua as a member of an international consortium with Italian and Venezuelan companies. In those two contracts, Marubeni also supplied 13 train sets consisting of 52 railcars manufactured by Nippon Sharyo and Toshiba to Venezuelan Railways together with railcar maintenance factory and train depot equipment, signaling and telecommunication equipment, station facilities and spare parts.
This project is intended to alleviate the chronic traffic jams in Caracas and is expected to significantly improve the passenger transportation capacity of Venezuelan Railways. As the Bolivarian Republic of Venezuela is now implementing its 13,000 km National Railway Network Development Plan, Marubeni, taking advantage of its abundant track records in Venezuela and other regions, is aiming to obtain new railroad contracts and contribute to the economic development of the country.

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Awarded Karnaphuli Water Supply Project in Chittagong City

Bangladesh

  • Water pipelines crossing the river (utilizing the existing pipe on the right)
  • Signing ceremony

In December 2011, Marubeni and Kubota Construction Co., Ltd. were awarded for the supply and installation of the ductile iron pipeline for the Karnaphuli Water Supply Project from the Chittagong Water Supply and Sewerage Authority. The contract amount is about US$110 million.
This is an ODA project agreed between the Japanese and Bangladeshi governments in June 2006, and will install pipes to send water from the intake and purification facilities, as well as distribution pipes within the city, and construct a new reservoir in Chittagong city, for the purpose of improving the water coverage in the city. The total length of the water pipeline is about 76 km. The project covers the installation of large-diameter ductile iron pipelines from the intake point on the upper reaches of a Karnafuri river to the reservoir in Chittagong city, and ductile iron pipelines from the reservoir to the city area.
After the implementation of this project, the water coverage in Chittagong is expected to improve from 48% to 72%. Then, additional 2.2 million people will be provided with sanitary drinking water, which is expected to contribute significantly to the improvement of health and the quality of life of the residents.

Awarded a contract for the second-stage construction of Tropical Biomass Cogeneration Plant by TP Utilities

Singapore

  • Biomass power generation facilitiesBiomass power generation facilities

In September 2011, Marubeni was awarded a contract for the EPC (Engineering, Procurement & Construction) of the Biomass and Clean Coal Cogeneration (process steam and electric power) Plant Stage 2A by TP Utilities Pte. Ltd. ("TP"), a subsidiary of Tuas Power Ltd, a major utility company in Singapore.
In February 2010, Marubeni was awarded the EPC contract for Stage 1 of the cogeneration plant as the foundation of the utility's supply base. In light of its outstanding abilities in plant engineering and organization as shown in Stage 1, Marubeni was awarded Stage 2 as the EPC contractor. TP began commercial operation of the plant from May 2014.
The core equipment of this plant is a Circulating Fluidized Bed (CFB) Boiler supplied by Sumitomo Heavy Industries and is compatible with various fuels. It is an environmentally friendly plant capable of mixed firing of tropical biomass (palm kernel shell) and coal. Combined with Stage 2A, this plant will be one of the largest tropical biomass power and steam plants operating in the world.

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Awarded textile plant rehabilitation project

Angola

  • Textile plant in BenguelaTextile plant in Benguela

In November 2010, Marubeni was awarded a contract for a textile plant rehabilitation project in Luanda from the Ministry of Industry of the Republic of Angola, which was followed by two contracts for rehabilitating textile plants in Benguela and Dondo.
Angola suffered devastating damage to its textile industries and cotton farming during the civil war that lasted until April 2002. For the purpose of the reconstruction of textile and agricultural (cotton production) industries and the creation of employment opportunities, the Ministry of Industry planned the rehabilitation of the existing three textile plants. Marubeni is fully responsible for supply and installation of state-of-the-art textile machines (spinning, weaving, and dyeing machines) and utility facilities (power houses, water treatment, air conditioning, etc.) as well as renovation of the existing buildings at the plants. These contracts are financed by buyer's credit facilities from the Japan Bank for International Cooperation. This project enables Angola to substitute some of the imported textile products with domestic in-house products, such as fabrics for uniforms and shirts, towels, bed sheets, denim jeans, etc. It also creates new direct employment opportunities for approximately 3,500 people. The Luanda plant was completed in August 2013, while the Benguela plant was completed in September 2014. The Dondo plant construction is progressing smoothly toward the planned December 2015 completion.
The government of Angola is actively planning numerous redevelopment projects in various industrial areas that were also damaged during the civil war. Marubeni is continuously committed to contribute to the redevelopment of the Angolan industry through participating in those projects.

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Port terminal business

Thailand, the Philippines, Panama

  • Terminals in Thai Laem Chabang PortContainer terminals in Thai Laem Chabang Port

Marubeni has participated in container terminal operation since 1991, first at Laem Chabang port in Thailand and then expanded its terminal operation in Panama and in the Philippines totaling five terminals in three countries.
While the operation at Laem Chabang has grown steadily with rapid economic growth in Thailand, Marubeni’s operation represents about 30% of the cargo handled in Laem Chabang.
Marubeni will continue to pursue growing opportunities in the terminal operation globally.

Operates freight railcar leasing business in the U.S.

The United States

  • Freight railcar leased by MRC
  • Freight railcar leased by MRCFreight railcar leased by MRC

In November 2006, Marubeni Corporation and Marubeni America Corporation (collectively "Marubeni") jointly acquired Midwest Railcar Corporation ("MRC"), a U.S. company based in Illinois, and since then, Marubeni has been operating commercial freight railcar leasing business in the U.S. After the acquisition, MRC has grown through investment in commercial freight railcars and owns over 13,500 railcars as of September 2015, a significant increase from the 3,000 cars owned in 2006. MRC leases to a variety of industries such as railroads, grain, food, chemical, crushed stone, frac sand, mining, energy, etc. In addition to the commercial freight railcar leasing business, MRC also manages commercial freight railcar assets owned by third parties such as financial institutions and shippers as well as the brokerage of commercial freight railcars to other users or investors.
The U.S. maintains the longest freight railroad network in the world, with 1.5 million freight railcars running in North America. As freight rail transportation volume rises steadily in the U.S., railcar leasing demand has been increasing accordingly. Marubeni plans to expand the freight railcar leasing business though MRC to meet customer demand.

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Awarded a contract to construct a pulp and paper manufacturing plant in Nantong, Jiangsu, China

China

  • Nantong plant for Jiangsu Oji Paper

In August 2010, Marubeni was awarded a contract for the construction of the core part of a pulp and paper manufacturing facility (annual production of 700,000 tons) from Jiangsu Oji Paper Co., Ltd., a joint venture between Japan's largest paper manufacturing company Oji Paper and a Nantong Economic and Technological Development Zone company in Jiangsu, China. The pulp manufacturing facility is a craft pulp line that produces pulp by chemically treating wood chips, and is the most advanced large-scale facility of its kind operating in China.
This project follows a contract that Marubeni was awarded for a cogeneration plant in 2008 from Jiangsu Oji Paper.
Marubeni has committed to pulp and paper plants business in the Asian market for a long time. By integrating these long-term experiences, Marubeni will continue to develop large-scale pulp and paper plant projects.

Completion of planned investment in Galp Gás Natural Distribuição, S.A., the largest gas distributor in Portugal

Portugal

  • At the closing ceremony

Marubeni and Toho Gas Co., Ltd. (“Toho Gas”) have completed the acquisition of a 22.5% stake in Galp Gás Natural Distribuição, S.A. (“GGND”), a gas distribution company in Portugal owned by Galp Energia SGPS, S.A. (“Galp”). A contract closing ceremony was held on November 18, 2016, and the establishment and development of a long-term partnership among the companies was celebrated.
GGND is the largest gas distribution company in Portugal with approximately 70% market share, delivering gas to 1.05 million households, including the capital, Lisbon. This transaction marks the largest equity participation by a Japanese company in the European gas distribution market, and the first ever in the market in Portugal. Marubeni is looking to further expand their business in Europe, with this project as part of the foundation.

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Joint participation in Portuguese and Brazilian water businesses with the Innovation Network Corporation of Japan

Portugal / Brazil

  • Águas da Serra sewage treatment plant
  • Sewage treatment plant

In June 2014, Marubeni and the Innovation Network Corporation of Japan jointly acquired a 100% stake in Administração e Gestão de Sistemas de Salubridade ("AGS"), which is one of the largest water service companies in Portugal. Marubeni made a 50% investment following the acquisition. This is the first time that a Japanese company has entered into both the Portuguese and Brazilian water industries. AGS currently holds 16 subsidiaries in Portugal and three in Brazil, and provides water and wastewater services to a total of around 1.5 million people.
Marubeni will capitalize on its expertise gained from project experience in Chile, Philippines and etc., and will apply it to the management of AGS. Meanwhile, Marubeni will promote more efficient project operation by introducing an advanced management system, developed by AGS, for water and wastewater facilities. This will be incorporated into Marubeni's projects in other countries.

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Participation in water and wastewater services in Metropolitan Manila

Philippines

  • Maynilad/major water-retaining facility
  • Maynilad/service area

December 2012, Marubeni decided to acquire a 20% equity stake in Maynilad Water Services, Inc. ("Maynilad"), a water and sewerage company in the Republic of the Philippines.
Maynilad provides a full range of water services, including water and sewerage treatment, the operation and maintenance of water and sewage networks, and metering and water charge collection in 17 municipalities of western part of Metropolitan Manila, under a concession agreement with the Philippine government ("the Concession Agreement"). The population in the service area is about 9.5 million*1, which corresponds to approximately 10% of the Philippines' total population. It is the largest private water company in the world based on a single concession agreement in terms of the size of the population within its service area. In the service area of Maynilad, the improvement of non-revenue water ratio*2 and sewerage service coverage are the main focus. For Marubeni's water business, Maynilad is positioned as a core business platform in the ASEAN region. Marubeni will continue to actively pursue business opportunities in private water services by utilizing its knowhow and expertise acquired through the operation of water business subsidiaries.

*1 : The population of the 23 wards of Metropolitan Tokyo is approximately 9 million.
*2 : The proportion of the water volume not counted in sales revenue relative to the total produced water volume, includes leakage, theft, and water provided free of charge for public purposes. Currently it is around 33%.

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Acquisition of full-service water utilities in Chile

Marubeni considers water shortage as a global problem and started its full-scale water business in 1990s, which was the earliest entry among major trading companies. The largest leap was the acquisition of Chilean Aguas Decima S.A. in 2006. Same as UK, Chile is one of the few open markets where the full privatization of the water industry is legally approved. Aguas Decima S.A. was founded in 1994 as the first fully-privatized water business entity in Chile. Aguas Decima S.A. provides comprehensive water services, including purification, sewage disposal, and toll collection to 140,000 people in Valdivia city.

Additionally, in 2010 Marubeni and the Innovation Network Corporation of Japan have jointly acquired Aguas Nuevas, the third largest water and sewerage utility in Chile. Aguas Nuevas has three subsidiary water companies and provides full water services in 48 cities in Chile, and currently supplies water to a total of around 1,270,000 people. This is equivalent to Fukuoka city of Japan.

Marubeni will capitalize on knowledge of Aguas Decima and Aguas Nuevas in the water business as a platform to further expand its business in Central & South America and to reach its aim of becoming one of the industry's major players in the global water market, which is expected to become a 100 trillion yen market in the future.

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  • Water supply tank of a subsidiary of Aguas Nuevas (Aguas del Altiplano S.A.)
  • Sewage disposal plant of Aguas Decima S.A.
  • Sewage disposal plant of Aguas Araucanía, a subsidiary of Aguas Nuevas

Won the contract for Qatar Doha West wastewater treatment 5th expansion project

Qatar

  • Wastewater treatment plant/aeration tank construction site

In December 2014, Marubeni won the contract for the 5th expansion of Doha West wastewater treatment plant from the Public Works Authority (“PWA”) of Qatar, through a consortium with Degremont (“DGT”), a major water treatment engineering company and a subsidiary of Suez Environment of France. Construction began in April 2015, and is currently proceeding smoothly.
The Marubeni-DGT consortium received the contract for the 3rd and 4th expansions at the treatment plant and completed them successfully, with the treatment capacity increasing from 62,100m3/day to 175,500m3/day. The consortium also conducts maintenance and operations of the plant, providing water treatment service for approximately 650,000 people in Doha.
The 5th expansion contract was awarded based on PWA’s good reputation on Marubeni's performance in the 3rd and 4th expansions as well as the maintenance and operations that followed the construction. When the 5th expansion is completed, the treatment capacity will become 280,000 m3/day (for expected population of 1.04 million).

Listing of Anhui Guozhen Environmental Protection Science and Technology Co., Ltd.

China

  • Anhui Guozhen/main wastewater treatment plant

Chinese general wastewater treatment company Anhui Guozhen Environmental Protection Science and Technology Co., Ltd. (“Anhui Guozhen”), in which Marubeni made 30% investment in December 2009, has utilized Marubeni’s management knowhow since then, and expanded its wastewater treatment operations from 10 plants to 35 plants (from 650,000 tons/day to 1,690,000 tons/day in treatment capacity). On August 1, 2014, Anhui Guozhen was listed on the Shenzhen Stock Exchange ChiNext Section (market for start-up companies).
Anhui Guozhen was established in 1997 in Hefei city, Anhui Province, and currently operates 35 wastewater treatment as its own invested assets in 10 Chinese provinces including Anhui, and also provides other wastewater treatment services, such as consigned operation of wastewater treatment (capacity of 1.18 million tons/day), construction of wastewater treatment plants, and manufacturing and sales of related equipment.
The company was listed on ChiNext based on its track record and future growth prospects. This marks the first listing of a Chinese wastewater treatment company in which a Japanese company has a stake.

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Participation in an FPSO chartering project

Brazil

  • FPSO charter business in Brazil (under construction)FPSO charter business in Brazil (under construction)

In April 2015, Marubeni, Mitsui & Co., Ltd. ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL") reached an agreement with MODEC, Inc. ("MODEC") for the three companies to participate in a long-term FPSO*1 charter business for the Tartaruga Verde and Tartaruga Mestiça oil fields off the coast of Brazil , which has been promoted by MODEC. The Fields are located approximately 125 km from Macaé, State of Rio de Janeiro on the southeast coast of Brazil. The FPSO will be moored at an oil field located at a depth of 765 m.
The companies have participated in a FPSO charter business for the Iracema Sul area*2 since March 2012, as well as a FPSO charter business for the Iracema Norte area and Carioca area since March and December 2013 respectively.
These FPSOs will be constructed by converting large tankers. These areas are parts of the offshore oil field below the pre-salt layer at a depth of 5,000 m, located about 300 km off the shore of Rio de Janeiro. The FPSO for Iracema Sul area began commercial operations from October 2014 and for Iracema Norte from July 2015.

*1 : Floating Production, Storage, and Offloading System
*2 : Changed name from Cernambi Sul area, described in the announcement by the four companies dated March 22, 2012.

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Participation in a deepwater FPSO chartering project for TEN oil fields offshore Ghana

Ghana

In September 2013, Marubeni, MODEC, Inc. ("MODEC"), Mitsui & Co., Ltd. ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL") jointly announced that Marubeni, Mitsui, and MOL have participated in a long-term deepwater FPSO* charter business for the Tweneboa, Enyenra, Ntomme ("TEN") oil fields in offshore Ghana, which has been promoted by MODEC, and have entered a loan agreement for the project.
Marubeni, Mitsui, and MOL invested in T.E.N. Ghana MV25 B.V. ("MV25"), a Dutch company established by MODEC. This company will engage in FPSO leasing, operations, and maintenance services.
West Africa has seen numerous significant discoveries of expansive offshore oil fields in recent years, thereby giving rise to expectations of fresh demand for additional FPSO in the region. Construction of FPSO through conversion of a VLCC (very large crude oil carrier) is planned to be completed and deployed in 2016. This will be used for the development of the TEN oil fields, which will be conducted at a water depth of about 1.5 km.

* Floating Production, Storage, and Offloading System

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Participation in a floating production platform project for oil and gas in the Gulf of Mexico

The United States

  • Spar-type floating oil and gas production and processing platformSpar-type floating oil and gas production and processing platform

In January 2013, Marubeni entered into an agreement with Williams Partners, L.P. ("Williams"), one of the largest U.S. oil and gas infrastructure companies, to acquire a 49% interest in the floating production platform project for the offshore oil field in the U.S. Gulf of Mexico. The total project cost is about US$ 1 billion.
Under this agreement, Marubeni will invest in Gulfstar One, LLC ("Gulfstar"), a U.S. company established by Williams. Gulfstar entered into an agreement with Hess Corporation and Chevron U.S.A. Inc., two major U.S. oil and gas development companies, to provide oil and gas production and processing services in the Tubular Bells Field that those two oil & gas majors are developing. Gulfstar began commercial operation of a spar-type floating production and processing platform from November 2014.
Further, in January 2014, Gulfstar made another production and processing services agreement from Noble Energy, Inc., also a major U.S. oil and gas development company, for the Gunflint Field that is under development by Noble. Gulfstar is now expanding the capacity of its floating production platform to commence services for the Gunflint Field in 2016.

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Joint participation in an energy efficiency project at a plant for Solvay SA, a leading chemical group in Europe

France

  • Energy efficiency business for a chemical plant in Europe

In February 2015, Marubeni, Solvay Participations Belgique SA ("SPB"), which is a 100% subsidiary of Solvay SA ("Solvay"), and CDC Infrastructure SAS ("CDCI"), which is a 100% subsidiary of Caisse des Dépôts, created a joint venture, and signed a long-term contract for a cogeneration operation for the polymer plant, food additive plant, and other related facilities that Solvay owns in Lyon, France.
Since September 2013, Marubeni has been conducting cogeneration operations for the rare earth plants owned by Solvay in La Rochelle, France, and the latest project is Marubeni’s second cogeneration operation in France.
This joint venture will operate efficient cogeneration in a zone densely packed with chemical plants, called the Chemical Valley, along the River Rhone in Lyon, France, for four Solvay plants and two external plants. High demand for steam is expected in the neighboring area, and Marubeni plans to consider expanding the supply area.

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Mar. 5. 2015 [232KB]
Sept. 24. 2013 [244KB]

Awarded contract for Atyrau Refinery Modernization Project Phase 3

Kazakhstan

  • Atyrau Refinery

In 2011, Marubeni was awarded a contract for the engineering, procurement, and construction (EPC) of Atyrau Refinery, owned by National Company KazMunayGas, Modernization Project Phase 3 in Kazakhstan, as part of a consortium with Sinopec Engineering Group and KazStroyService, for the amount of approximately US$ 1.7 billion.
The Atyrau Refinery is the largest refinery in Kazakhstan, and refines approximately 100,000 bbl. per day of crude oil. The third phase project is to boost the production of oil products to meet European environmental standards by installing main processing equipment, including FCC (fluid catalytic cracker) units. This project is a part of the National Development Strategy of the Republic of Kazakhstan, and it is expected to contribute to the economic development and further introduction of Japanese technology in Kazakhstan.
Starting its contribution in the 1st phase of Atyrau Refinery modernization project in 2001, Marubeni is highly regarded for its outstanding performance in energy, petrochemical, and infrastructure businesses in Kazakhstan. Marubeni will move forward to long-term and continuing development of business operations in Kazakhstan.

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Equity acquisition in APT Allgas Energy Pty Ltd

Australia

  • Allgas distribution business

In December 2011, Marubeni acquired a 40% equity interest in APT Allgas Energy Pty Ltd ("Allgas"), a wholly owned gas distribution subsidiary of the APA Group ("APA") in Australia.
APA is a major comprehensive energy company involved in the ownership, operation, and management of gas pipelines and gas distribution networks throughout Australia. Marubeni's relationship with the APA Group commenced in 2008 with an investment into a portfolio of gas pipelines, and a power generation and transmission project, expanding into a wind farm in 2009 and now this gas distribution project. Marubeni became the first Japanese corporation to participate in the gas distribution network business in Australia.
The Allgas distribution network is located in Brisbane and the Gold Coast, Queensland. The network serves a region with one of Australia's fastest growing populations, where there is expected to be a corresponding increase in demand on gas infrastructure. The Allgas acquisition represents Marubeni's second major infrastructure investment in this region, after our participation in the Gold Coast Rapid Transit Light Rail PPP project in February 2011.
Marubeni is committed to ensuring the success of the Allgas distribution business and will continue to contribute to the development of the Australian energy infrastructure industry through further expansion of its portfolio in Australia.

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