SPACECOOL Participates in the Japan Saudi Energy Ministerial Dialogue Reporting on Local Project Outcomes Toward Strengthening Bilateral Economic Cooperation
SPACECOOL INC. has recently participated in the Japan Saudi Energy Ministerial Dialogue (Vice-Ministerial Meeting) held in Riyadh, the capital of Saudi Arabia. The dialogue was held in conjunction with Mr. Ryosei Akazawa, Minister of Economy, Trade and Industry of Japan, visiting Saudi Arabia.
The dialogue is a ministerial-level meeting regularly held by Japan and Saudi Arabia to deepen their cooperative relationship in the energy field. At the bilateral meeting held in Jeddah on July 16, 2023, between His Royal Highness Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, and then Prime Minister Fumio Kishida of Japan, the establishment of the Japan-KSA Lighthouse Initiative for Clean Energy Cooperation was announced.
In this dialogue, in addition to renewing efforts to cooperate toward ensuring the stable supply of crude oil to Japan and the stabilization of international markets, the participants welcomed progress including the extension of strategic stockpiling cooperation between the Ministry of Economy, Trade and Industry and Aramco, as well as the announcement of the signing of a financing agreement by Marubeni for an onshore wind power project in Saudi Arabia. Based on this, discussions were held on the direction of further cooperation, including progress under the Lighthouse Initiative between the two countries.
From Japan, private companies and government agencies involved in the Lighthouse Initiative attended the meeting and reported on the progress of projects in Saudi Arabia. SPACECOOL INC. presented its initiatives to reduce air-conditioning energy consumption and CO₂ emissions in container houses by utilizing the radiative cooling material “SPACECOOL,” implemented in collaboration with the climate change project “Oil Sustainability Program (OSP)” led by the Ministry of Energy of Saudi Arabia, as well as Red Sea Global, which is developing renewable tourism destinations along the Red Sea coast in western Saudi Arabia.
Details of the initiative: https://spacecool.jp/news/20250206/
SPACECOOL INC. will continue to accelerate initiatives with local partners to improve extreme heat issues in Saudi Arabia and the Middle East, and will contribute to global decarbonization and climate change measures.
“SPACECOOL” is a registered trademark.
