In August 2021, we started interim waste treatment service with new sanitary landfill, Construction Demolition Waste Recycling Facility and Leachate Treatment Facility first, stopping the pollution from newly generated waste in the City of Belgrade and started recycling activity of Construction and Demolition Waste, creating a new recycle market in the country.

Energy-from- Waste Facility treats municipal waste generated in Belgrade and utilize the thermal heat to generate clean energy. The methane gas from the landfilled waste that until now has been a factor in environmental degradation will be captured and used, alongside the waste itself, as a source of energy to generate heat and electricity with Landfill Gas Engine Facility.

Consequently, the project will greatly reduce the amount of landfilled waste while supplying enough electricity to power 30,000 homes in Belgrade (equivalent to 5% of total households in Belgrade) and providing heat with 60,000 homes (equivalent to 10% of total households in Belgrade) in winter. Over the period of 25 years of operation, the clean, fossil fuel-free power from project will reduce CO2 emissions approximately 4 million tons, while the reduction in landfilled waste will realize an additional reduction of greenhouse gas emission equivalent to approximately 3 million tons CO2 equivalent.

Furthermore, the contaminated water from the waste that previously drained into the Danube is now being purified at a Leachate Treatment Facility before being discharged.

This business forms the core of Serbia's environmental and waste management policy going forward. ITOCHU believes that this is serving as a starting point for deep-reaching change in Serbia's waste management systems, the ways that citizens think about waste, and recycling initiatives.

ITOCHU aims to expand its involvement in the waste management business around the world to contribute to creating a sustainable community and to help reduce the burden on the environment.

The Power Plant has total power generation capacity of 288 MW, which is one of the largest capacities offered by offshore wind power plants operating off the German North Sea Coast. It has been operating smoothly since its commencement in August 2015 and supplies a sufficient amount of electricity for approximately 370,000 standard German households. In addition, this project has a GHG reduction effect of approximately 750,000 tons per year. It is expected that the demand for renewable energy, including offshore wind power, will grow on a mid- to long-term basis. ITOCHU is looking forward to the possibility of contributing to the supply of clean electricity through the project.

Partnering with Atlantica Sustainable Infrastructure, ITOCHU has a 30% stake of two 50 megawatt solar power plants located in Extremadura, western Spain. Commercial operation of these plants started in 2012. Taking advantage of abundant sunlight in Extremadura, the two plants produce enough energy to meet the electricity needs of approximately 45,000 households and help to avoid approximately 104,000 tons of CO2 emissions per year.

ITOCHU is active in expanding its power generation businesses throughout the world and will continue to make active investments in renewable energy, which in turn contributes to reducing greenhouse gas emissions.