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Capital tie-up between Euglena
-Strengthen business and R & D partnerships to further promote Our
Euglena Co., Ltd.
Kobashi Industries Co., Ltd.
Chiyoda Corporation
Api Co., Ltd.
Isuzu Motors Ltd.
Itochu Enex Co., Ltd.
Euglena Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Mitsuru Izumo, hereinafter "Euglena") is pleased to announce Kobashi Kogyo Co., Ltd. (Headquarters: Okayama City, Okayama Prefecture, President: Shojiro Kobashi, hereinafter "Kobashi Kogyo". ), Chiyoda Kako Construction Co., Ltd. (Headquarters: Yokohama City, Kanagawa Prefecture, Executive Officer Vice President (Acting President): Keiichi Nakagaki, hereinafter "Chiyoda Kako Construction"), Api Co., Ltd. (Headquarters: Gifu City, Gifu Prefecture, Representative Director) President: Takahiko Nonogaki, hereafter "Api"), Isuzu Motor Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo, President: Masanori Katayama, hereafter "Isuzu Motor"), Itochu Enex Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative) President: Kenji Okada, hereafter "Itochu Enex") has announced the implementation of a capital increase through third-party allotment totaling 1.1 billion yen to the planned allotment destinations (collectively, "5 companies to be allotted"). .. For details of the capital increase through third-party allotment, please refer to the timely disclosure document "Notice Concerning Offering of Shares Issued by Third-Party Allotment" disclosed by Euglena Co., Ltd. today.
Since Euglena succeeded in mass culturing Euglena outdoors for the first time in the world in December 2005, it has expanded its technology and business while building partnerships with many companies and universities. I went. The five companies to be allotted to participate in this third-party allotment are business partners who have newly started collaboration in the energy / environment business and healthcare business since Euglena was listed on the TSE Mothers in 2012. Capital tie-up through third-party allotment in support of Our 's intention to strengthen the relationship with each company over the long term and deepen business cooperation. Has been realized. Through the capital tie-up through this third-party allotment, Euglena and the five companies to be allotted will be working on the practical application and future commercialization of biojet diesel fuel by Euglena. In addition, we will collaborate in terms of business and R & D in order to further promote the planning and development capabilities and lineup of health products that utilize Midorimushi.
The following are the initiatives that have been implemented between Euglena and the five companies to be allocated, and the details of the collaboration that is planned in the future.
| Kobashi Industries | In September 2014, we signed a joint research and development agreement on an efficient and stable cultivation method for microalgae, and joint research aimed at establishing a construction method for fuel Euglena cultivation equipment and reducing construction costs using paddy field development technology. I have been advancing. In the future, we plan to promote joint research aimed at reducing the production cost of Euglena for fuel, while starting large-scale and trial operation of paddy-type culture equipment. |
| Chiyoda Corporation Construction | As one of the business partners in the domestic biofuel plan, selection of technology to be adopted for the biojet / diesel fuel production demonstration plant (hereinafter referred to as "demonstration plant"), basic design for construction of the demonstration plant, and notification / application to related parties. In February 2017, we signed a contract for construction work related to the construction of this demonstration plant. In the future, we plan to proceed with the construction of the demonstration plant with a schedule of construction starting in June 2017, completion in October 2018, and operation in the first half of 2019. |
| Api | Since before the listing on TSE Mothers, we have been entrusted with the manufacture and processing of final products of Our We plan to continue to deepen our collaboration to strengthen our manufacturing and processing of Euglena products and our product development capabilities. |
| Isuzu Motors | In June 2014, we signed a joint research agreement on biodiesel fuel derived from Midorimushi, and have jointly promoted the "DeuSEL® Project" aiming at the practical application of next-generation biodiesel fuel. We are participating as one company. In the future, we plan to study the evaluation and utilization of the products of this demonstration plant in order to realize driving on public roads using next-generation biodiesel fuel. |
| Itochu Enex | As one of the business partners in the domestic biofuel plan, in November 2015, we signed a memorandum of understanding regarding the supply of biofuel raw materials used in this demonstration plant, and regarding the procurement of biofuel raw materials other than microalgae used in this demonstration plant. We have been studying and discussing the supply and demand, distribution, and sales of manufactured biofuels. We will continue to hold further discussions and surveys, and will start studying the procurement, supply, and use of biofuel raw materials other than microalgae and the sale of products from the demonstration plant toward the start of operations in the first half of 2019. |
The comments of each company regarding the capital alliance through the capital increase through third-party allotment are as follows.
Euglena (President and CEO of Izumo):
“We are delighted that the business partners we have been acquainted with through this third-party allotment have become new members of our company in the form of a capital alliance. We have a track record of conducting research and development and business promotion with everyone who can share our vision through innovation. This time, we practiced various forms of collaboration with the five companies that undertook, "Health for people and the earth." We will do our utmost to work toward the idea of "doing". ”
Kobashi Industries (President and CEO, Kobashi):
“With Euglena, we have been conducting joint research with the company since 2014, thinking that our paddy field development technology could be used for culturing microalgae. Since it can also be used for cosmetics and fuel, we would like to challenge new possibilities of Japanese agriculture through further joint research with Euglena. "
Chiyoda Corporation (Nakagaki Representative Director, Vice President and Executive Officer (Acting President)):
“As a partner company of the domestic biofuel plan, we signed a construction contract in February 2017 and are in charge of designing and constructing the first biojet diesel fuel demonstration refining plant in Japan. However, we would like to steadily carry out construction work toward the start of biofuel production by the first half of 2019, and we would like to work with many people on research and examination of future commercialization. "
Api (President and CEO Nonogaki):
“Our company is engaged in the contract manufacturing and processing of health foods and pharmaceuticals, and has been contracted to manufacture and process Midorimushi health foods with Euglena since before 2012. We hope that our company and Euglena will strengthen their product development capabilities by making use of their mutual knowledge and know-how. "
Isuzu Motors Ltd. (President and CEO Katayama):
“With Euglena Co., Ltd., we started joint development of biodiesel fuel through the“ DeuSEL® Project ”announced in June 2014, and we are moving forward with the domestic biofuel plan. Taking this capital alliance as an opportunity, we would like to jointly accelerate efforts toward the practical application of next-generation biodiesel fuel with Euglena”
Itochu Enex (President and CEO Okada):
“Our company and Euglena have jointly studied the procurement of biofuel raw materials other than microalgae as partners of the domestic biofuel plan. Through this capital increase, we will build a closer relationship and bio As an energy company, we would like to contribute to the realization of a low-carbon society while promoting efforts toward the practical application of jet diesel fuel and future commercialization. "
Euglena Co., Ltd., with the cooperation of various partners including the five companies to which the allotment is planned and related parties, "achieves consolidated group sales of 30 billion yen" and "achieves consolidated group sales of 30 billion yen" by the fiscal year ending September 2020, which is the medium-term management target. We will steadily promote efforts toward the achievement of "Practical application of domestic bio-jet diesel fuel".
-Contact for inquiries from the press-
Euglena Co., Ltd. Public Relations and IR Division