SPACECOOL Co., Ltd., Thailand / Demonstration project for the introduction of radiative cooling materials to large roofs, Kingdom of Saudi Arabia / Two projects for local production demonstration of products for the Middle Eastern market have been selected for the Ministry of Economy, Trade and Industry's fiscal year 2024 supplementary Global South future-oriented co-creation project funding (small-scale demonstration and feasibility study projects).
SPACECOOL Co., Ltd. is pleased to announce that two projects have been selected for the fiscal year 2024 supplementary budget for the Global South Future-Oriented Co-Creation Project by the Ministry of Economy, Trade and Industry: a demonstration project for the introduction of radiative cooling materials on large roofs in the Kingdom of Thailand, and a local production demonstration project for products aimed at the Middle Eastern market in the Kingdom of Saudi Arabia.
The selected projects aim to demonstrate the temperature reduction and energy-saving effects of radiative cooling materials on large roofs of manufacturing factories in Thailand, while establishing a dissemination system through collaboration with local construction companies. Additionally, the project in Saudi Arabia seeks to verify the optimization of local production and supply of radiative cooling materials in extreme heat environments, contributing to the Saudi Arabian government's goals of decarbonization and heat mitigation.
This subsidy program aims to secure Japan's economic security and revitalize domestic industries by addressing the challenges faced by Global South countries, while also strengthening economic cooperation with these nations.
Our company is expanding the implementation of SPACECOOL in global markets, particularly in Southeast Asia and Middle Eastern countries. We believe that this selection reflects the recognition of our contributions to energy efficiency and decarbonization through our track record of implementation overseas.

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