November 30, 2021

Honjo Gas and INPEX Sign Agreement on Carbon Neutralization of Gas

Honjo Gas Co., Ltd.

INPEX CORPORATION

Honjo Gas Co., Ltd. (Honjo Gas) and INPEX CORPORATION(INPEX) jointly announced today they entered into an agreement on the carbon neutralization of gas. Through this agreement, Honjo Gas will purchase carbon neutral gas from INPEX and convert the natural gas utilized by its offices and facilities to carbon neutral gas.

As a community-based city gas company, Honjo Gas has endeavored to ensure security and expand the spread of natural gas and has contributed to the development of society as a company that supports infrastructure. Honjo Gas supports the "Honjo City Zero Carbon City Declaration" announced by Honjo City on May 4, 2021 as a local company. Honjo Gas' decision to introduce carbon neutral gas underscores the company's mission to pass on the city blessed with lush greenery to the next generation in a healthy state. Honjo Gas will continue to promote the reduction of CO2 emissions by proposing energy-saving equipment to its customers, converting fuel and actively working to curb greenhouse gas emissions. The entire company will work together to realize a carbon-free society.

INPEX, as outlined in its "Business Development Strategy - Towards a Net Zero Carbon Society by 2050," has set goals to achieve its own net zero carbon emissions by 2050 and will proactively engage in energy structure reforms towards the realization of a net zero carbon society. The company will work closely with city gas business operators to which it supplies wholesale natural gas and implement measures contributing to the reduction of greenhouse gases on a global scale alongside its customers by responding to their needs through providing solutions such as carbon neutral gas and other forms of clean energy.

About carbon neutral gas

The neutrality of the natural gas to be supplied through this agreement is based on carbon credits certified by a credible certifier as deriving from CO2 reduction efforts at forest conservation projects, etc. based around the world where greenhouse gas emissions have been offset throughout the entire value chain process from development to combustion.

Media Contacts:

Honjo Gas, Tel) +81-495-24-2341

INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233

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Inpex Corporation published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 04:10:02 UTC.