Marubeni participates in global LNG projects in Equatorial Guinea, Peru, and Papua New Guinea. In addition to maintaining the smooth and safe operation of existing LNG projects, we will continue to strengthen our comprehensive approach to the LNG business from sourcing to delivery, responding to the increasing global demand for LNG by focusing on the pursuit of investment opportunities and expanding trading operations. Within natural gas, Marubeni is focusing on expanding profits primarily through our subsidiaries, such as MIECO in the U.S.
Marubeni is involved in oil and gas development and production in countries like the U.S. and India. We will continue to strive to maintain the smooth and safe operation of our existing businesses while focusing on maximizing the value of our assets through streamlining and appropriate cost management.
Marubeni engages in the trade of crude oil, petroleum products, LNG, LPG, and decarbonized fuels. Furthermore, our leading subsidiaries, such as MIECO (U.S.) and MIPCO (Singapore), are expanding their business overseas. In our marketing operations, we engage in the sale and storage of petroleum products and LPG by utilizing our distribution network through subsidiaries such as Marubeni Energy Corporation, Marubeni Ennex, and ENEOS GLOBE Corporation. Marubeni will continue to expand its business by providing high-value added services.
We collaborate with and support businesses around the world in conducting greenhouse gas reduction activities, which generates carbon credits, while engaging in global carbon credit trading. Through these activities, we are contributing to reducing greenhouse gas emissions globally.
Marubeni offers total solutions by engaging in initiatives across the entire nuclear fuel cycle and supply chain. Our operations encompass all aspects of the fuel cycle, including uranium trading, and we are actively involved in uranium production projects in Kazakhstan. Through the provision of specialized equipment and services, we strive to enhance power plant safety, optimize operational efficiency, and address decommissioning challenges. Additionally, we are pioneering initiatives in radioisotope management and in the field of nuclear fusion, a promising next-generation energy source.
For olefin trading, Marubeni utilizes its own fleet of specialized olefin tankers to maintain its industry-leading position in Asia and North America. Additionally, Marubeni is expanding its sales networks for industrial salt, caustic soda (sodium hydroxide), PVC, polyolefins (synthetic resins), and fertilizers through coordination with major suppliers.
By leveraging its customer base and industry expertise, Marubeni continues to take on the challenge of building new business models across a wide range of fields, from the electronics sector (including displays, semiconductors, and battery materials) to the specialty chemicals sector (including cosmetics and personal care products).
