b'B U S I N E S S I N V E S T M E N T SCOA Joins the Japan Hydrogen ForumThis past December, SCOA signed on to participate in the Japan Hydrogen Forum (JH2F), a groupcomprised of leading Japanese affiliated companies with hydrogen businesses in the U.S. A think tank ofsorts, the companies that make up this group are intent on providing the latest information regardingtechnology and policy in hydrogen energy sectors, including state-of-art integrated hydrogen solutions to supportthe adoption from governments throughout the country.The sustainability goals of Japan and the United States are well aligned, especially since President Biden and Prime Minister Suga declared their shared goal of carbon neutrality by 2050. Experts believe Hydrogen will play a huge part in achieving this goal, considering it is a carbon-free energy resource, has high ener-gy density to generate electricity and is an affordable source of energy storage. It can also be converted into renewable natural gas through methanation technology as well as into basic material resources such as resin. Even more, hydrogen is expected to be one of the key resources used to decarbonize major industries, including the transportation, power generation, heavy industry, commerce, and residential sec-tors. For these reasons, JH2F was established to support the decar-bonization goals of the Federal, State and Municipal governments in the U.S. by identifying and developing hydrogen solutions.We are proud to be part of such a strong group of companies that are working toward the same goal of carbon neutrality within the United States, said Tak Niki, Chief Business Development Officer at Sumitomo Corporation of Americas. By drawing from our resources in Japan and the U.S., this multinational col- JH2F Participating Companieslaboration will accelerate the adoption of new technologies and solutions to help scale carbon-neutral energy on a nationwideAmerican Honda Motor Co., Inc.level. We look forward to moving the needle toward achievingChoshu Industry Corporation of this important goal.America, Inc.JH2F is supported by the Japanese government and Japanese gov- Hitachi Zosen Inovaernmental organizations such as Japan External Trade Organiza- Iwatani Corporation of Americation (JETRO), New Energy and Industrial Technology Develop- Mitsubishi Corporation (Americas)ment Organization (NEDO), Japan Oil, Gas and Metals NationalMitsubishi Heavy Industries AmericaCorporation (JOGMEC) and Nippon Export and InvestmentMitsubishi Power Americas Inc.Insurance (NEXI). In order to materialize the collaboration on the U.S. side, JH2F will establish subcommittees in each sector,Mitsui & Co.(USA)Inc.such as hydrogen production and supply, land transportation, portMUFG Bank, Ltd.decarbonization, power generation and finance. PACECO CORP.Hydrogen is the ultimate environmental technology that canSojitzdecarbonize transportation, power generation, industrial heat,Sumitomo Corporation of Americasand materials. I am glad that an industrial organization based onToshiba America Energy Systems Japan-US cooperation is established. The Japanese governmentCorporationand its agencies would like to support its activities, said NorihikoToyota Motor North AmericaSaeki, Special Advisor to the Ministry for Economy, Trade andToyota Tsusho America IncIndustry/ Executive Director at JETRO Los Angeles.Sumitomo Corporation of Americas 21'