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Bangkok Foam Co., Ltd. Signs 10-Year Solar PPA with Marubeni Green Power Asset Thailand

Bangkok, October 6, 2025 — Bangkok Foam Co., Ltd., (BFC) a joint venture and overseas production base of INOAC Corporation, has signed a 10-year Power Purchase Agreement (PPA) with Marubeni Green Power Asset Thailand Co., Ltd. (MGP) for a 539.75 kWp solar rooftop system at its facility in Bang Bon, Bangkok. A leading manufacturer of polyurethane foam products for bedding, furniture, and automotive applications, Bangkok Foam continues to pursue its sustainability commitments while delivering high-quality foam solutions to both domestic and international markets.
The rooftop system, scheduled to begin operations in Q1 2026, will supply clean energy to support production, reduce grid dependency, and contribute to long-term environmental goals. We are proud to work with Bangkok Foam as they take steps toward greater sustainability and
long-term impact. 3D preview showing the layout of solar PV modules to be installed on the rooftop of Bangkok
Foam Co., Ltd.

3D preview showing the layout of solar PV modules to be installed on the rooftop of Bangkok Foam Co., Ltd. 

From left: Chanet Treewong, Assistant General Manager at MGP, and Podcharapol Sroithong, Personnel Manager at BFC, exchanged the Power Purchase Agreement. 

Marubeni owns stakes in power projects across 19 countries
(including Japan) for a total net capacity of about 12GW. Based
on the knowledge and experience gained from these projects,
Marubeni will strengthen and expand its efforts in the field of
power service business by expanding its decentralized power
generation business, and contribute to the achievement of net
zero emissions of GHG by 2050 and the realization of low-carbon
and decarbonization through each project.

Ministry of the Environment, Japan, has been implementing the “JCM Model Projects,” which provides financial support covering up to half of the initial investment
costs. The purpose of this model project is to financially support the implementation of projects which reduce GHG emissions by utilizing leading decarbonizing
technologies in developing countries, and in return, to acquire JCM credits for achieving Japan’s GHG emission reductions and the partner countries emission
reduction targets.

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