Over the past 10 years, JFE Engineering America Inc. has kept up with developments in the domestic market and expanded its scope of work to include energy efficiency, energy utilization of new technologies and energy technologies that meet the demands of its American partners and customers.
“To transition to these business activities, JFE seeks to develop joint ventures in the Japanese market and third countries by combining its cutting-edge technology with the technology of American companies,” said JFE Engineering America President and CEO Naoki Hara.
During U.S. President Joe Biden’s visit to Japan, he and Prime Minister Fumio Kishida announced a new framework for economic cooperation that will usher in carbon neutral societies. Both leaders also resolved to build a strong bilateral supply chain and agreed to keep promoting the “Free and Open Indo-Pacific Strategy.“
“To achieve this, JFE Engineering America aims to develop a demonstration project in Japan with American companies that have the technology to contribute to decarbonizing applications. Once the technology is proven successful, JFE will seek to deploy them to Southeast Asia with its American partners,” Hara said.
“For instance, last year JFE decided to make a large investment to establish a base in its facility to manufacture the components that form the basis of offshore wind power generation systems. This not only contributes to the Japanese government’s plan to reduce greenhouse gas emissions to virtually zero by 2050, but is also in line with the clean energy policy the U.S. government is calling for. We believe that Japan and the United States can collaborate in such efforts,” Hara continued.
“The Japan-U.S. alliance has entered a new phase. Amid rapid changes in the world, business models also need to move forward in connecting countries, including those of the Indo-Pacific region. Expanding beyond bilateral trade relations will prove pivotal in the future,” he added.