Mitsui to acquire a 49% stake in Kasso MidCo.

Mitsui, a general trading company, agreed to acquire a 49% stake in Kasso MidCo, a solar power generation and e-methanol company. Financial terms were not disclosed. "In Mitsui's Medium-term Management Plan 2026, we have designated Global Energy Transition as one of our key strategies. In the course of building a next-generation fuel value chain, we assume that there would be some difficulties in certain kinds of applications to use green hydrogen produced from renewable electricity and clean ammonia. In such cases, we believe that e-methanol will be one of the viable options," Mitsui.