Japan, Feb. 11 -- Sumitomo Corporation has signed a memorandum of understanding (MOU) with Arelac, Inc. dba Fortera ("Fortera"), a company that Sumitomo Corporation invested in through its US-based venture capital arm, Presidio Ventures, Inc., in 2023. The MOU focuses on a feasibility study to construct a commercial scale low-carbon cement plant in Japan. The project will be pursued in collaboration with Sumitomo Osaka Cement Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director and President: Hirotsune Morohashi), a major cement manufacturer in Japan.Cement, the key ingredient in concrete, plays a vital role in the circular economy by using large amounts of industrial waste as raw materials and sources of heat during production...