Mitsubishi Trust and Banking Corp. has signed an agreement with Energy BioSystems Corp. under which Mitsubishi will help the latter establish strategic alliances with companies in Japan.
These targeted alliances, designed to help Energy BioSystems enter the Japanese and other Asian markets, are to center on the U.S. company's proprietary biocatalytic desulfurization technology.
The technology is expected to give refiners a cost-effective way to produce petroleum fuel products that meet international environmental rules.
Mitsubishi Trust and Banking, founded in 27, is Japan's largest trust bank in terms of funds available - more than $285 billion. It also participates in a wide range of businesses.
In addition, the bank sells advice to domestic clients in Japan, as well as to U.S.-based companies on business development in Japan. These services include investment, cross-border acquisition, and strategic alliances.