Sumitomo Corporation (Sumitomo) is one of the worlds leading fully integrated trading and investing enterprises and a major distributor of commodities, industrial products and consumer goods. Besides its role as an international trader, Sumitomo Corporation is an active investor in a diverse range of businesses that integrate with existing operations or position the Company in markets with long-term potential.
Sumitomo Corporation is headquartered in Tokyo, Japan and has offices in 73 countries around the world. Sumitomo is actively involved in projects for oil and natural gas development as well as long-term projects for LNG. Sumitomo has production in the North Sea, Indonesia, the Middle East and the United States and is working to acquire further production and exploration interests in Asia and Oceania. Sumitomo is also focused on investment and infrastructure development of electric power projects and is an equity partner in the Hermiston power plant, located in the US, Pacific Northwest and other plants worldwide. Sumitomo is part of the Sumitomo Group of companies. For a full listing of the Sumitomo Group of Companies please click here
Sumitomo Corporation of Americas (SCOA) was established in 1952 and is headquartered in New York City. SCOA is the largest wholly owned subsidiary of Sumitomo, with offices in 10 major US cities and throughout the American hemisphere. As an integrated global trading firm with diversified investments, assets and trading businesses in North America, SCOA works closely with its parent as an organizer of multinational projects and financier. SCOA is also an investor and business partner in more than 75 subsidiary and affiliate companies.
SCOA’s principal business activities include domestic manufacturing, trade import/export, counter trade, investments, financing, leasing, distribution, project management, discovery and application of new technologies and development of natural resources.
SCOA has operations in a wide array of businesses, and is organized into six industry focused segments: Tubular Products, Steel & Non-Ferrous Metals, Machinery & Power, Chemicals & Electronics, Living Related Business, and Mineral Resources & Energy.
Perennial Power Holdings, Inc. (Perennial) was founded in 2002 to invest in independent power generation assets in North America and to facilitate Sumitomo Corporation’s expansion in the global independent power production industry—Sumitomo’s current portfolio consists of over 6GW of net capacity.
Perennial Power owns, operates and manages power generation assets by leveraging its unique advantages as a Japanese affiliated company with industry oriented expertise. They specifically focus on the long-term acquisition and operation of conventional and geothermal power generation assets within the North American market.
Currently, Perennial Power has two major assets in its portfolio: Hermiston Generating Plant in Oregon and American Bituminous Power in West Virginia; in addition, they are actively working on several new opportunities 2:51 PM 8/11/2015throughout North America.