By: ICN Bureau
Last updated : July 12, 2025 9:05 am
Sumitomo Corporation has engaged in a wide range of business investments in the UK, including carbon capture and storage, hydrogen-related projects
Sumitomo Corporation signed a comprehensive memorandum of understanding (MoU) with the Department for Business and Trade's Office for Investment under the UK government on July 9, 2025.
This MoU outlines a shared commitment whereby Sumitomo Corporation, together with its business partners, plans to participate in investment projects in the UK amounting to a total of £7.5 billion by 2035 – including investments already made in existing businesses.
The UK government has expressed its intention to support these efforts. A signing ceremony hosted by the UK Department for Business and Trade was held at the British Embassy in Tokyo.
Sumitomo Corporation has engaged in a wide range of business investments in the UK, including offshore wind power, carbon capture and storage, hydrogen-related projects and railway operations.
It is also actively exploring the commercialization of next-generation technologies, such as fusion energy and energy management with storage solutions.