Capital participation in a Brazilian power trading company, Stima Energia.

Jan. 27, 2022

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has entered into a share subscription agreement with Stima Energia ("Stima"), a Brazilian trading company. Mitsui expects to be a 36% shareholder of Stima.

Stima is a leading independent trading company who has been increasing its trading volume to 1GW (annual average) level since its establishment in 2017. Stima has been taking the power price hedging and liquidity providing role towards its counterparties in the Brazilian energy free market where hydroelectric power comprises around 70% of the power generation. In Brazil, the increase of power demand is forecasted relatively stronger compared to Europe, United States and Japan, and the price volatility has been increasing due to the draughts in recent years. It is also expected that the market will keep expanding as further liberalization of the power market progresses. Mitsui and Stima will aim to contribute for more counterparties by increasing our trading volume and capability in this growing market.

In order to contribute to the realization of a low-carbon society, Mitsui has been promoting infrastructure business such as participating in Brazil's 4th largest hydropower plant Jirau (3,750MW) which provides electricity for around 10 million people in major cities like São Paulo and Rio de Janeiro. Through this capital participation in Stima, as Mitsui group has been promoting power trading business in Europe, United States and Japan, Mitsui aims to strengthen the trading and risk management function towards stakeholders in Brazil who are affected by climate change, and to maximize the value of Mitsui's electric-power related business in Brazil.

Mitsui has identified energy solutions as one of its strategic focus areas, and places great emphasis on the creation of business that contributes to solutions to climate change issues in order to contribute to the creation of a society harmonized with the environment.

Three founders of StimaThree founders of Stima

Mitsui’s Materiality

“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Create an eco-friendly society”

  • Secure sustainable supply of essential products

    Secure sustainable supply of essential products

  • Enhance quality of life

    Enhance quality of life

  • Create an eco-friendly society

    Create an eco-friendly society

  • Develop talent leading to value creation

    Develop talent leading to value creation

  • Build an organization with integrity

    Build an organization with integrity