Kuraray announces that Kuraray Holdings USA has formed a ten-year virtual power purchase agreement (VPPA) starting in October 2025 through Tokyo Gas America Ltd., a United States-based subsidiary of Tokyo Gas Co. with the aim of shifting to renewable energy in the US.

Under the VPPA, this solar power project owned by Tokyo Gas America (located in Wharton County, Texas) will provide renewable energy certificates equivalent to 300 GWh on an annual basis. We anticipate that this move will reduce the Kuraray Group’s GHG emissions in the U.S. by approximately 70%, and reduce the entire Group’s electricity use by approximately 40%.

The Kuraray Group recognizes climate change countermeasures as a priority and aims to achieve carbon net-zero (Scope 1 and Scope 2 GHG emissions) by 2050. Taking this into account, we have set an ambitious new emissions target of reducing emissions by 63% by 2035 compared to 2021 levels.