Hokkaido Electric Power aims to achieve carbon neutrality by 2050 and sustainable growth by promoting full-scale entry into the gas business centered on the Tomakomai area, installation of the next LNG power source, and decarbonization through next-generation 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Incorporated","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-30","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/9509-20260130-01.pdf","jir_short_summary":"Hokkaido Electric Power aims to achieve carbon neutrality by 2050 and sustainable growth by promoting full-scale entry into the gas business centered on the Tomakomai area, installation of the next LNG power source, and decarbonization through next-generation energy.","jir_summary":"### Overview of Business Strategy\nHokkaido Electric Power has formulated a new energy supply chain concept starting from the Tomakomai area in Hokkaido. Considering the region\u2019s characteristics with a high ratio of oil and coal and significant potential for energy transition toward low-carbon and decarbonization, the company will promote full-scale entry into the gas business, installation of the next LNG power source, LNG terminal development, and expansion of renewable energy. Furthermore, aiming for social implementation of next-generation energies such as hydrogen, ammonia, CCUS, and e-methane around 2030, the company will provide diverse decarbonization solutions, contributing to realizing carbon neutrality by 2050 while seeking sustainable growth.\n\n### Specific Initiatives and Future Outlook\n\u2460 For full-scale entry into the gas business, Hokkaido Electric Power is advancing the acquisition of gas production and sales business from Japan Petroleum Exploration Co., Ltd. (JAPEX), aiming to establish two bases in Tomakomai and Ishikari and build a supply system throughout Hokkaido. \u2461 The plan for installing the next LNG power source targets FY2035, and along with expanding renewable energy integration, the company is also considering terminal development to accommodate conversion to decarbonized fuels and receiving large foreign vessels. \u2462 Regarding next-generation energy, efforts are underway to construct a domestic green hydrogen supply chain, develop ammonia terminals, build CCUS supply chains, and consider e-methane production. Through these initiatives, the company aims to respond to increasing energy demand in Hokkaido while targeting sustainable growth.","jir_financial_highlights":"Ratio of Oil and Coal in Final Energy Consumption in Hokkaido: Approximately 62% (provisional results for FY2023) (Unknown)\nMarket Size of Oil and Coal: Approximately 800 billion yen (Unknown)\nHousehold Energy Consumption (Compared to National Average): About 1.7 times (kerosene about 5.8 times) (Unknown)\nPlanned Start Year for Next LNG Power Source Operation: Targeted for FY2035 (New Plan)\nSocial Implementation Target for Hydrogen, Ammonia, and CCUS Businesses: Around 2030 (New Plan)","jir_category":"","jir_hashtags":"#HokkaidoElectricPower, #EnergySupplyChain, #CarbonNeutral, #Decarbonization, #JapaneseStocks","jir_key_figures":"Ratio of Oil and Coal in Final Energy Consumption in Hokkaido: Approximately 62% (provisional results for FY2023)\nMarket Size of Oil and Coal: Approximately 800 billion yen\nPlanned Start Year for Next LNG Power Source Operation: Targeted for FY2035","jir_meta_title":"Hokkaido Electric Power Announces New Energy Supply Chain Concept \u2013 Towards Carbon Neutrality by 2050","jir_meta_description":"Hokkaido Electric Power promotes full-scale entry into the gas business, installation of the next LNG power source, and introduction of next-generation energy starting from the Tomakomai area, aiming for carbon neutrality in Hokkaido by 2050 and sustainable growth.","jir_og_title":"Hokkaido Electric Power Announces New Energy Supply Chain Concept","jir_og_description":"Promoting decarbonization centered on the Tomakomai area. Aiming for carbon neutrality by 2050 through expansion of the gas business and introduction of next-generation energy.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":8896,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-22013","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n