TOKYO, Jan 26, 2023 - (JCN Newswire via SEAPRWire.com) - ITOCHU Corporation, Mitsubishi Heavy Industries, Ltd., INPEX Corporation, and Taisei Corporation announced today that they have signed a memorandum of understanding for a joint feasibility study on a large-scale and wide-area CCS value chain project using ship transportation for companies that emit carbon dioxide (hereinafter "CO2") in Japan.The four companies will jointly carry out a study for launching a joint project relating to the separation, capture, ship transportation and storage of CO2 emitted from the materials industry and other industries in which it is considered difficult to achieve decarbonization merely by electrification, introduction of hydrogen and other means (hereinafter "hard-to-abate industries") and conduct a process of selecting prospective sites for CO2 storage in Japan.BackgroundAmid mounting global momentum towards decarbonization, the Japanese Cabinet adopted the Sixth Strategic Energy Plan in October 2021, which defined CCS as a means that should be utilized to the maximum extent possible in decarbonizing hard-to-abate industries with a view towards two governmental targets of carbon neutrality in 2050 and a 46% reduction in greenhouse gas emissions by fiscal year 2030 (from the fiscal year 2013 level). With a view to social implementation of CCS, Japan's Ministry of Economy, Trade and Industry set a goal of launching a public offering of CCS value chain operators, including CO2 emitting companies, in 2024 and a number of advanced CCS projects by 2030.Given the above governmental policy and targets as the background, ITOCHU has been taking tangible actions to realize the idea of CCS value chain business in Japan. For example, it joined the Geological Carbon Dioxide Storage Technology Research Association in June 2021(1). This organization aims to develop large-scale CO2 underground storage technologies for the development of sites suited for CO2 storage. ITOCHU also took part in the Research, Development and Demonstration Projects on CO2 Ship Transportation with a view to attaining wide-area ship transportation between CO2 emitters and sites appropriate for CO2 storage(2).MHI has defined the Energy Transition as a growth area that it should address strategically and positioned the building of a CO2 solutions ecosystem as one of the key initiatives in its 2021 Medium-Term Business Plan. MHI has also positioned carbon dioxide capture, utilization and storage (CCUS) as an effective means of creating a carbon-neutral society and has delivered CO2 capture plants incorporating its own high-performance technology, including one of the world's largest, to a total of 14 locations around the world. Meanwhile, it is also developing technologies for large-scale liquefied CO2 carriers to help develop the wide-area CCS value chain project.INPEX is working actively to change the energy structure for the purpose of creating a net zero carbon society by 2050 while meeting energy demand in Japan and elsewhere around the world. Announced in February 2022, the Long-term Strategy and Medium-term Business Plan (INPEX Vision@2022) defined CCUS as one of the five areas where it would work intensively towards a net zero carbon society. It set a target of achieving an annual CO2 injection volume of 2.5 million tons or more by around 2030 and is conducting technology development and commercialization with the aim of becoming a leading company in the domain of CCUS.As a front runner in the environmental domain, TAISEI defines the acceleration of its actions towards reaching carbon neutrality by 2050 as a priority issue in its Medium-Term Business Plan and is making positive efforts for CCS. With the use of the CO2 underground storage simulation technology that it has developed through major demonstration tests in Japan and overseas, it serves as a founding member of the Geological Carbon Dioxide Storage Technology Research Association. It also takes part in the Ministry of the Environment's "Development Project of Integrated Demonstration Facility and Supply Chain for Sustainable CCUS".In the future, the four companies will work together to realize a sustainable society while meeting mounting needs from hard-to-abate industries for CO2 separation, capture, transportation and storage through the joint activity.(1) ITOCHU Announces Participation in Project to Research and Develop CO2 Underground Storage Technologywww.itochu.co.jp/en/news/press/2021/210622_2.html(2) Four Companies to Commence Research, Development and Demonstration Projects for CO2 Ship Transportationwww.itochu.co.jp/en/news/press/2021/210622.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
Singapore, Jan 17, 2023 - (ACN Newswire via SEAPRWire.com) - Infocus International Group is bringing back the highly recommended Carbon Capture, Utilisation and Storage (CCUS) online masterclass and it will be commencing live on the 17th January 2023 and 16th May 2023. This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability and business transformation in areas such as oil & gas, hydrogen and industrial energy usage.Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future - covering the range of technological solutions and business drivers, including policy. In addition to reviewing existing CCUS approaches, the course will highlight new opportunities and integrated value creation possibilities through emerging carbon utilisation options. This will include how the fate of carbon capture links to other aspects of the clean energy transition, such as clean hydrogen production, industrial decarbonisation and the transition away from oil & gas.One of our past attendees from Solar Clear shared, "This course has provided a good understanding and cleared all false expectations about CCUS and of its cross entanglement to the hydrogen sector and the importance of both for decarbonising the world's (or part of the world's) economy.""The up-to-date information was provided in course. The materials were available before the course, that is why it was possible to think about questions. The course materials were logically structured. The lecturer was highly professional. The organization of course was wonderful. Thank you very much!," said a past participant from Latvenergo.Course Sessions- Carbon sources & capture technologies- Carbon storage, transport & utilisation- Hydrogen, carbon and industrial clusters- Growing CCUS: scalability, markets, policies & strategiesBenefits of Attending- Understand the most challenging aspects of the clean energy transition & the role of CCUS in addressing them- Examine the various technological aspects of the CCUS value chain, from capture through to storage and/or utilisation pathways- Discuss the key economic and policy variables which will determine how CCUS plays out in different markets- Review up-to-date examples of projects and strategies from around the world, and evaluate the lessons from them- Learn the dynamics of the new competitive environment, including the risks of 'business as usual' and the importance of industrial clusters in CCUS deployment- Identify approaches to sustainable strategic planning and new business opportunity assessmentWant to learn more?Simply email to esther@infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit www.infocusinternational.com/ccusAbout Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. We recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights. For more information: www.infocusinternational.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
New York, NY, January 15, 2023 – (SEAPRWire) – Carbon recently announced the upcoming launch of its new Carbon Web3 browser. By utilizing blockchain technology, Carbon browser can provide faster, more private and secure web browsing to the masses. The new privacy focused browser is gaining popularity for blazingly fast speed and unprecedented security. The Carbon browser is a web3 browser that has in-built multi chain wallet, offers immersive experience to its users and allows them to securely browse through web3 Dapps. As the number of cryptocurrency and blockchain users increase through the decade, the need for web browsers that support decentralized apps (Dapps) and other Web3-based products or services will increase. Chief among them are web browsers, where most Dapp front ends can be accessed. Web3 browsers support the growing demand from users who are supporting and building the future of the internet. They allow users to control their data and how it is shared with websites. Moreover, users can determine where and how they spend their self-custodied crypto assets through Web3 browsers as both third party and internal crypto wallets are supported through these browsers. Carbon X Labs, the team behind the new Carbon Web3 browser, believe enough is not yet being done to provide greater privacy and grant users the control and decentralization they need to feel truly safe while surfing the internet. Carbon browser is a fast, private, and secure web browser, which is also free and open source, based on a custom fork of Chromium. Carbon browser launched in 2016 as a web2 browser on the playstore. Since then, Carbon has gained over 5M+ downloads and 1M+ MAUs (monthly active users). The team at Carbon are now pivoting to provide a web 3 browser to cater for the growing demand from web 3 and crypto users. “We’re excited to bring our users the next major update in the Carbon roadmap, our web 3 browser launching 2023 with 100% privacy, decentralized browsing and browse to earn rewards. ” – Nobrac, Project Lead. Carbon is solving the privacy issue with its built-in VPN, dVPN, firewall, and ToR network connectivity. The Carbon team also believes it is solving the decentralization problem apparent in other browsers by hosting its files with Polygon Edge, a decentralized supercloud by Polygon, and also Akash Network, an open-source and decentralized cloud computing platform built using the Cosmos. Moreover, since Carbon does not require users to KYC to receive tokens, it ensures an equal distribution of CSIX to more users around the world than even the leading Brave Web3 browser, which requires users to undergo KYC to receive BAT token rewards. There are a few upgrades scheduled to make the Carbon Web3 browser the best on the market. Some of those upgrades include: Enhanced AdBlock performanceThe use of CSIX to upgrade to Carbon Pro for greater privacy options and more browse to earn rewardsERC-20 token, ERC-721/115s token, BEP-20 token, Bitcoin, and ETH support on Carbon’s built-in multichain crypto walletCross-chain atomic swaps and token bridgingPhishing protection and a secure clipboardAnd many more! The Carbon Web3 browser is set to be the next major competitor with Brave browser, which has garnered over 20 million daily active users in just a few short years since it launched. The three tenets of the Carbon Web3 browser are: fast browsing speed, small file sizes, and simple UX design because the team believes that as the tech-savvy Gen Z rushes into adulthood, they will be eager to self-custody and value the safety of their personal information. Be sure to check out the Carbon Web3 browser which is currently available on Android devices. It will soon be available on iOS, Mac OS, and PC. Also, read the whitepaper which details the mission and vision of the Carbon team, tokenomics of the CSIX token, the advanced ad marketplace, and anything else you might want to know about the development schedule for the browser. Be sure to contact Carbon at hello@trycarbon.io with any further questions and follow on social media. Whitepaper: https://carbon.website/whitepaper/ Social Links Twitter: https://twitter.com/trycarbonio Join the discussions on Telegram (t.me/trycarbonio) and Discord (https://discord.com/invite/RVnuubJRQu). Media Contact Company: Carbon Contact: Media Team Email: hello@trycarbon.io Website: https://carbon.website/ SOURCE: Carbon The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
Singapore, January 07, 2023 – (SEAPRWire) – Asia Capital Strategy Fund, leading international financial center based in the Cayman Islands that is committed to promoting the development of venture capital funds has formally entered into strategic partnership with SPC Token, an event that been supported by many stakeholders across the industry and has grown stronger confidence in the newly launched venture. Both parties will reach a cooperation on the development of blockchain game projects. Through this partnership, SPC Token plans to launch a Play-to-green blockchain game – Green Warrior based on promoting environmental awareness in the first quarter of 2024. This world’s first Play-to-green blockchain game, mainly hopes to awaken the public to the concept of environmental protection through interesting games, and inspire people to take action to protect the environment. Blockchain technology will empower this blockchain game, allowing players to experience the feeling of doing good deeds while playing games. In Green Warrior, players will receive tokens as customs clearance rewards after completing game tasks. Part of the tokens earned in the game will be converted into USDT to donate to non-profit organizations related to the protection of the earth. At the same time, another part will also flow back to the Asian Capital Strategic Fund to invest in projects related to carbon rights and promote the concept of environmental protection. China has announced that China will strive to achieve carbon neutrality by 2060. The concept of carbon neutrality simply means that the amount of carbon dioxide emitted by enterprises into the atmosphere will be offset through afforestation and other methods. Through the trading of greenhouse gases emission rights, emission rights exchanges can be made between businesses and enterprises. The company will trade carbon rights in the market through game tokens, buy carbon rights from companies in industries such as photovoltaics, wind power, and new energy vehicles, and then sell them, so that they can continue their business, thereby promoting companies to adopt carbon emission reduction technologies. SPC Token executives said: “The reward mechanism for players to earn tokens through games has made blockchain games more and more popular. We are very optimistic about the Green Warrior. ” He also said that because the unique environmental protection concept design game mechanism, this game is expected to be well received, allowing players to join the game is not just for fun, but can also provide strength for environmental protection, and truly contribute for environmental protection. Media Contact Brand: Asia Capital Strategy Contact: Media Team Website: https://asiacapitalstrategy.com/ SOURCE: Asia Capital Strategy The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
TOKYO, Dec 22, 2022 - (JCN Newswire via SEAPRWire.com) - Okuma, Futaba, Namie, and Toyota Motor Corporation (Toyota) today entered a Carbon Neutrality Partnership Agreement.The three towns of Okuma, Futaba, and Namie are located in the Futaba District of Fukushima Prefecture. Following the partial lifting of evacuation orders due to the Great East Japan earthquake and other factors, reconstruction efforts are expected to accelerate. The hope is that focusing on carbon neutrality will improve sustainability for the region. Toyota is also implementing initiatives in collaboration with a host of partners to contribute to reconstruction in Fukushima Prefecture. It has entered into this partnership in hopes of utilizing the results of its research and development in the agricultural field to contribute to carbon neutrality and reconstruction in the three towns.In the future, the aim is also to collaborate with the Research Association of Biomass Innovation for Next Generation Automobile Fuels, which is a collaboration of six private companies, including Toyota, that is researching efficient systems for ethanol production in Okuma. One possibility under study is using crops grown on agricultural land in Okuma and Futaba as raw materials for bioethanol fuel production.Okuma, Futaba, Namie, and Toyota will continue to deepen their collaboration to drive reconstruction after the earthquake in the future. This partnership will make positive contributions to achieving carbon neutrality by reducing transportation-related CO2 emissions through low-carbon circular agriculture coupled with local consumption of local produce in terms of fertilizer and livestock feed. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Dec 15, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), part of Mitsubishi Heavy Industries (MHI) Group, has been appointed by Hanson UK(1), a leading supplier of low carbon heavy building materials, to deliver the preliminary front-end engineering design (Pre-FEED) for a CO2 capture plant at its Padeswood cement works located in Flintshire, Wales.Padeswood cement plant (photo courtesy of Hanson UK)The newly awarded Pre-FEED represents MHIENG's third project involving CO2 capture at a cement plant, following a carbon capture and storage (CCS) feasibility study for Lehigh Cement Company in Alberta, Canada, and a CO2 capture demonstration testing program currently underway for Tokuyama Corporation in Japan(2).The project is part of a comprehensive effort to decarbonize the UK's cement industry. This plan constitutes the UK-based cement industry's first adoption of CCS technology.This Pre-FEED is part of a project that will deliver a CO2 capture plant to the Padeswood Works. Once operational, the plant will capture 800,000 tonnes of CO2 per year and the plan is to store it in spent gas fields off the coast of North West England.MHIENG will support the project by carrying out the Pre-FEED of a CO2 capture plant applying its "Advanced KM CDR Process," CO2 capture technology jointly developed with The Kansai Electric Power Co., Inc.The UK Government has set ambitious targets for achieving net zero carbon emissions by 2050. To achieve this goal, it has been building the necessary infrastructure, including CCUS clusters that encompass all aspects of carbon capture, utilization and storage (CCUS) for implementation at designated industrial zones. In October 2021 HyNet and East Coast Clusters were selected as the Track 1 CCUS clusters by the Department for Business, Energy and Industrial Strategy (BEIS). This project was subsequently shortlisted in August 2022 for potential funding when it was selected among a total of twenty CCUS and CCUS-enabled hydrogen projects chosen by BEIS to advance to the due diligence phase of its Track 1 Phase 2 cluster sequencing programme. Operational commencement of the CO2 capture plant at the Padeswood Works is targeted for 2027.MHIENG promotes the adoption of CO2 capture technologies in diverse industrial applications globally: not only in conventional thermal power plants and chemical plants, but also in biomass power plants, steel mills, waste to energy plants, gas engines, ships, and amongst other applications. MHI Group is currently strengthening its position in the Energy Transition, and the development of a CO2 solutions ecosystem is a core component of those initiatives. MHI Group will continue to help achieve wide-scale greenhouse gas emission reduction by introducing its high-performance CO2 capture technology globally. It will also press ahead in developing new solutions to contribute to global environment protection.(1) Hanson UK is the UK group subsidiary of Heidelberg Materials, one of the largest building materials manufacturers in the world based in Heidelberg, Germany.(2) For further information on these projects, see:www.mhi.com/news/21012102.htmlwww.mhi.com/news/22032901.htmlAbout MHIENG's CO2 capture technologiesMHIENG (originally MHI) has been developing the KM CDR Process (Kansai Mitsubishi Carbon Dioxide Recovery Process) and the Advanced KM CDR Process in collaboration with Kansai Electric Power since 1990, and today MHIENG stands as a global leader in this field. As of December 2022, the company has delivered 14 plants adopting the KM CDR Process, and two more are currently under construction. The Advanced KM CDR Process, selected for the Padeswood cement plant project, uses KS-21, which incorporates technological improvements over the KS-1 solvent adopted at all 14 of the commercial CO2 capture plants MHIENG has delivered to date. The advanced version offers superior regeneration efficiency and lower deterioration than KS-1, and it has been verified to provide excellent energy saving performance, reduce operation costs, and result in low amine emissions.For further information on MHIENG's CO2 capture plants: www.mhi.com/products/engineering/co2plants.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Dec 14, 2022 - (JCN Newswire via SEAPRWire.com) - Charoen Pokphand Group (CP) and Toyota Motor Corporation (Toyota) will explore collaboration toward carbon neutrality in Thailand. Both companies are willing to welcome any partners who share the same view.Dhanin Chearavanont, Senior Chairman of CP, and Akio Toyoda, President and CEO of ToyotaSince its establishment in 1921, CP has been operating with the core value of three benefits: to country, to people, and to organization. CP provides accessibility to high quality products and expands its business in Thailand to a wide range of fields, including retail (such as 7-Eleven), distribution, industrial product, and agriculture & livestock. In the distribution field, CP has been supporting the lives of Thai people by transporting and delivering a variety of products through its wide-ranging operations, considering social, economic and environmental impacts and sustainability practices.In addition, Toyota's business in Thailand has garnered the support of a number of stakeholders including Siam Cement Group, an important local partner for Toyota, and has grown along with the development of Thai society through products, tax payment, employment and technology transfer, while overcoming a number of challenges such as the 1997 Asian financial crisis and the 2011 floods.Akio Toyoda, President and CEO of Toyota, commented, "The two companies, both of which consider the best for Thailand and the Earth, have agreed to proceed with what we can do now, by using each company's strengths and assets. I believe that taking this crucial step will allow us to be rewarded with the appreciation from the country, and will change the future landscape."Dhanin Chearavanont, Senior Chairman of C.P. Group, responded, "What President Toyoda and I share is affection and gratitude to Thailand, and both of us very much want to give back to the country. I am delighted that both companies have an opportunity to jointly consider collaboration toward carbon neutrality in Thailand and welcome any companies that share the same carbon neutrality ambitions."Specifically, CP and Toyota will explore social implementation in the following three areas. With these actions being linked with each other, the two companies will proceed with what can be done now, to consistently reduce CO2 emissions throughout the entire process of producing, transporting, and using energy, toward accelerating carbon neutrality.1. Production of hydrogen using biogas derived from farm wastes (with the focus on economic zones)2. Introduction of fuel cell delivery trucks into CP's fleet, which are to use the above-mentioned hydrogen (provide a variety of solutions such as BEV and FCEV, considering travel distance and load weight)3. Efficient logistics by proposing optimized delivery routes through connectivity technologyThis collaboration will be considered with the participation of True Leasing Co., Ltd, CP's transportation service business. In addition, the study will be conducted with Hino Motors, Ltd. who will participate into these efforts, which will be made in Asia by Commercial Japan Partnership Technologies Corporation (capitalized by Isuzu Motors Limited, Suzuki Motor Corporation, Daihatsu Motor Co., Ltd., and Toyota), which has been established with the aim of helping solve challenges faced by the transport sector and achieve carbon neutrality by realizing and spreading CASE technology. Furthermore, as carbon neutrality should be tackled by all people and industries, CP and Toyota are willing to welcome any partners who share the same view toward carbon neutrality.For more information, visit https://global.toyota/en/newsroom/corporate/38429479.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Nov 30, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) have agreed to integrate the business operations of MHIENG with those of MHI effective April 1, 2023. Under an absorption-type split arrangement, operations currently conducted by MHIENG will be taken over by MHI and placed under the direct management of MHI's president and CEO. The integration of MHIENG into MHI will further accelerate the "Energy Transition" that serves as one of MHI Group's central growth engines.In its 2021 Medium-Term Business Plan released in October 2020, MHI Group announced plans to substantially increase its corporate value by 2030 with "Energy Transition" and "Smart Infrastructure (New Mobility & Logistics)" serving as the Company's two growth engines. In striving to strengthen its Energy Transition business, development of a CO2 solutions ecosystem is a component of major importance. Today, carbon capture, utilization and storage (CCUS) is garnering attention as an effective means for realizing a carbon neutral society. Also, ammonia is recognized to be effective both as a fuel for ships and thermal power plants, where its usage results in reduced carbon emissions, and as a means for transporting hydrogen, and the market for ammonia is expected to grow sharply in the coming years. In response, MHI is now pursuing a broad array of initiatives for establishing markets for carbon-free hydrogen and ammonia, including development of a hydrogen ecosystem and partnering with external incubation investments. The Company is also fortifying its capabilities in integrating multiple product areas.MHIENG was launched in January 2018 as an MHI Group company. Today it provides world-class technologies in the engineering, manufacture, procurement, construction, marketing and after-sale servicing of chemical plants, transportation systems, carbon capture systems, etc. Furthermore, besides its prowess in carbon capture technologies, MHIENG has abundant experience in applications involving ammonia and hydrogen. Following its integration into MHI, MHIENG's project management capabilities in chemical plants and transportation systems, together with its core technologies in value chain development, will be organically combined with MHI's technologies. The resulting comprehensive capabilities will further accelerate MHI Group's solutions businesses in both Energy Transition and New Mobility & Logistics.Through the forthcoming integration, MHI Group will further contribute to making effective use of resources and reducing environmental impacts, continuing the challenge to achieve a carbon neutral society.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Nov 30, 2022 - (JCN Newswire via SEAPRWire.com) - ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI's leading CO2 capture technology as part of ExxonMobil's end-to-end carbon capture and storage (CCS) solution for industrial customers.The joint effort combines ExxonMobil's and MHI's years of expertise in the industry and strengthens the companies' ability to provide customers with solutions that will help advance the energy transition. By working together, the companies will provide industrial customers with the confidence that their CCS projects will be designed, built and executed effectively.The companies have agreed to leverage their combined operating and engineering experience and core science capabilities with the support from The Kansai Electric Power Co., Inc. (KEPCO) to advance carbon capture technologies that could reduce the cost of CO2 capture for heavy-emitting industrial customers. The joint effort will build upon KM CDR Process and Advanced KM CDR Process, developed by MHI and KEPCO, the only liquid amine carbon capture technology commercially demonstrated at greater than 1 million metric tons per year."We're excited to offer our large industrial customers the only complete carbon capture, transportation and storage solution in the market," said Dan Ammann, president of ExxonMobil Low Carbon Solutions. "Adding Mitsubishi Heavy Industries' leading carbon capture technology to ExxonMobil's transportation and storage capabilities enables this compelling offering."ExxonMobil has more than 30 years of experience capturing and transporting CO2 and safely injecting it into geological formations. Mitsubishi Heavy Industries is the world's largest licensor of post-combustion CO2 capture technology and has been developing it for more than three decades. The company's record includes 14 commercial CO2 capture plants already delivered worldwide."Carbon capture and storage technology and innovation are critical to our path to net zero," said Kenji Terasawa, president and CEO, Mitsubishi Heavy Industries Engineering, Ltd. "As an expert in advanced engineering, MHI is committed to leading the way in achieving decarbonization goals through strategic collaboration and investments in new technologies. We look forward to partnering with ExxonMobil to continue advancing carbon capture technologies to provide essential carbon neutrality solutions for various industries."ExxonMobil and MHI have worked together to build world-scale petrochemical plants over the past two decades in Baytown, Corpus Christi and Singapore. This CCS partnership continues the companies' commitment to developing solutions for the energy transition on their paths to net zero.MHI Group declared "MISSION NET ZERO" last year and is committed to building an innovative solutions ecosystem to realize a carbon-neutral future and achieve its net zero ambitions within its own operations by 2040. This includes strengthening its decarbonization technology offerings, such as developing a CCUS (Carbon Capture, Utilization and Storage) value chain and advancing hydrogen solutions.ExxonMobil Low Carbon Solutions is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonize industries, including its recent agreement with a leading global manufacturer of nitrogen and hydrogen products in Louisiana. It is focusing its carbon capture and storage efforts on point-source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere. Once captured, the CO2 is injected into deep, underground geologic formations for safe, secure and permanent storage.About ExxonMobilExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs.The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor. Follow us on Twitter and LinkedIn.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.Cautionary Statement: Statements of future events, investments, or partnerships in this release are forward-looking statements. Actual future results, including project plans, partner participation, timing, capacities, and costs could vary depending on the ability to execute operational objectives on a timely and successful basis; implementation of government frameworks and permitting for carbon capture and storage and other lower-emission technologies; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; and other market factors. Any forward-looking statement speaks only as of the date of this press release and the companies named herein disclaim any obligation to update any forward-looking statement. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
JAKARTA, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) for cutting carbon emissions while supporting economic growth.Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) as part of efforts to reduce carbon emissions while supporting economic growth. (ANTARA/Pertamina)"This collective agreement is a solid foundation for Indonesia to achieve Indonesia's net-zero target by 2060 or sooner," Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said on Monday.The Indonesian government is working on developing regulations that support carbon capture and storage (CCS) and starting discussions with governments in other regions, he added.Meanwhile, Pertamina's CEO and president director, Nicke Widyawati, said that the CCS development and decarbonization cooperation is in line with Pertamina's efforts to support the government's program to accelerate the energy transition and achieve the target of reducing emissions by 29 percent by 2030."The development of CCS technology is in line with Pertamina's commitment to implementing Environmental, Social, and Governance (ESG) in all lines of the company's business to encourage business sustainability in the future," she added.The fastest way to ensure the transition to new renewable energy and decarbonization in Indonesia is through partnerships, she emphasized. This is to answer the three global challenges, namely technology, finance, and human capital, at once.According to Widyawati, the application of CCS technology is expected to play an important role in reducing greenhouse gases in the atmosphere, which contribute to global warming, climate change, ocean acidification, and loss of biodiversity."The development of CCS technology has a double impact, in addition to reducing emissions while increasing national oil and gas production," she said.A joint study conducted by Pertamina and ExxonMobil has succeeded in finding the potential for carbon dioxide (CO2) storage of up to 1 billion tons in Pertamina's oil and gas fields.This large CO2 capacity can permanently store CO2 emissions across Indonesia at the current average for the next 16 years.In total, Pertamina is working on six CCS/CCUS projects by selecting fields that can be used as CO2 injection sites.The six potential sites are located in several offshore areas in Sumatra, Java, Kalimantan, and Sulawesi.The discovery of the great potential of CO2 has become an opportunity for the development of the CCS business and decarbonization efforts in Indonesia.Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero)Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.comWritten by: Katriana, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Oct 28, 2022 - (JCN Newswire via SEAPRWire.com) - ArcelorMittal, the world's leading global steel and mining company, Mitsubishi Heavy Industries Engineering (MHIENG), a pioneer in carbon capture technology, leading global resources company, BHP, along with Mitsubishi Development Pty Ltd are collaborating on a multi-year trial of MHIENG's carbon capture technology with ArcelorMittal, following the signing of a funding agreement between the parties. The companies will also conduct a feasibility and design study to support progress to full scale deployment.ArcelorMittal's steel plantThe agreement, which involves a trial at ArcelorMittal's steel plant in Gent, Belgium and another site in North America, brings together the expertise of the various partners in identifying ways to enhance carbon capture and utilization and/or storage (CCUS) technologies in the hard-to-abate steelmaking industry. The industry is estimated to account for around 7-9% of global greenhouse gas (GHG) emissions. CCUS has the potential to be a key technology for reducing emissions from existing global blast furnaces, which are anticipated to remain a significant portion of steel production over coming decades. The IEA estimates CCUS technology needs to apply to more than 53% of primary steel production by 2050, equivalent to 700 Mtpa of CO2, for the Net Zero Emissions scenario.There are no full scale operational CCUS facilities in blast furnace steelmaking operations at present, with only a limited number of small capacity carbon capture or utilization pilots underway or in the planning phases globally. However, later this year ArcelorMittal Gent will commission its Steelanol project, a scale demonstration plant that will capture carbon-rich process gases from the blast furnace and convert them into ethanol.To further understand how carbon capture technology can be incorporated into existing steel plants, ArcelorMittal is facilitating the trial at its 5 million-tonnes-a-year steel plant in Gent, Belgium, and at another location in North America, with MHIENG supplying its proprietary technology and supporting the engineering studies. BHP and Mitsubishi Development, as key suppliers of high-quality steelmaking raw materials to ArcelorMittal's European operations, will fund the trial that is anticipated to run for multiple years. In Gent, the trial will have two phases. The first phase involves separating and capturing the CO2 top gas from the blast furnace at a rate of around 300kg of CO2 a day - a technical challenge due to the differing levels of contaminants in the top gas. The second phase involves testing the separating and capture of CO2 from the offgases in the hot strip mill reheating furnace, which burns a mixture of industrial gases including coke gas, blast furnace gases and natural gas.The parties plan to install the mobile test unit in one of ArcelorMittal's North American Direct Reduced Iron (DRI) plants, to test MHIENG's technology in this steelmaking route.ArcelorMittal Belgium's Chief Executive Officer, Manfred Van Vlierberghe, said: "The decarbonization of the steel industry is a huge challenge that we cannot solve alone: it is through pan-industry partnerships and collaboration that we will achieve ArcelorMittal's climate goals of reducing CO2 emissions by 35% by 2030 in Europe, and by 30% by 2030 worldwide. Alongside our continued energy efficiency improvements, we are developing two routes to decarbonize steelmaking: Smart Carbon and Innovative-DRI. Both routes will contribute in our journey to deliver carbon-neutral steelmaking. The Smart Carbon route also allows us to integrate carbon capture and re-use (CCU) or storage (CCS) technologies, capturing carbon emitted during the steelmaking process. We are therefore proud to be working with BHP, Mitsubishi Development and Mitsubishi Heavy Industries Engineering on this pioneering Carbon Capturing pilot project, in ArcelorMittal Gent."Carbon capture activities are the largest cost component of the CCUS value chain and represent roughly two-thirds of the total capital cost and are the greatest consumer of additional energy. Improved understanding of carbon capture technology performance, cost, risk and sustainability outcomes are essential to determine its role in efforts to decarbonize the steel industry.This latest collaboration marks a critical milestone in BHP's strategy to support decarbonization efforts in steelmaking, which aims to achieve coverage of geographically diverse customer markets and potential technology pathways and follows partnerships in recent years with other global majors POSCO, China Baowu, JFE Steel, HBIS Group and TATA Steel. Collectively with ArcelorMittal, these companies account for more than 17% of reported global steel production.BHP's Chief Commercial Officer, Vandita Pant, said: "There is currently no certain or single pathway to net zero for steelmaking. CCUS is one of the key abatement technologies with potential to support development of some of those pathways, so working with industry leaders like ArcelorMittal, Mitsubishi Development and MHIENG, we hope to arrive at scalable solutions more quickly to help reduce carbon emissions in steelmaking.""Steel is a critical product for the world to develop and decarbonize, and we must work hard, together, to enable lower GHG emissions steel, support the reduction of carbon intensity in the blast furnace and test new technologies for steel production," she added.Mitsubishi Development's Managing Director and Chief Executive Officer, Sadahiko Haneji said the company will continue to fulfil its responsibility as an active player in relevant industries to contribute toward achieving a carbon neutral society."Mitsubishi Development recognizes that as an industry we have to collaborate to establish carbon capture trials that can be used as a steppingstone to progress technological advancement and build the industry's confidence to reduce carbon emissions," said Mr. Haneji."By participating in these trials, we are demonstrating a commitment to growing climate technologies and reducing our carbon footprint in ways that will not compromise our quality of life," he added.MHIENG has been developing its proprietary KM CDR Process for CO2 capture in collaboration with Kansai Electric Power since 1990 and, as of October 2022, it has delivered 14 plants globally and two more are currently under construction.MHIENG's President and Chief Executive Officer, Kenji Terasawa, said: "The steel sector, as a major emitter of CO2, is still a new frontier for CCUS. Deploying our proven technology quickly and at scale could contribute to curbing emissions in the near term, while new technologies for low-carbon steelmaking are brought to market and scaled up. We, as an innovative solutions provider, are excited to work with ArcelorMittal, BHP and Mitsubishi Development to accelerate the industry's efforts to reach net zero by 2050."About ArcelorMittalArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes, while iron ore production reached 50.9 million metric tonnes. Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).About BHPBHP is a leading global resources company with approximately 80,000 employees and contractors, primarily in Australia and the Americas. BHP's products are sold worldwide, and it is among the world's top producers of major commodities, including iron ore, copper, nickel, and metallurgical coal.Read more about our approach to climate change: www.bhp.com/climateAbout Mitsubishi DevelopmentMitsubishi Development Pty Ltd has contributed to global industries for more than 50 years through its developments in the mineral resources sector and is a wholly owned subsidiary of Mitsubishi Corporation, one of Japan's premier general trading and investment organizations with more than 80,000 employees globally.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Oct 26, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced the start of a digital collaboration with the World Business Council for Sustainable Development (WBCSD) (1), Dutch consulting firm Arcadis (2) and British electricity company National Grid (3) leveraging Fujitsu's Fleet Optimization solution to contribute to the realization of carbon neutral transportation through Business-to-Business data sharing.Figure: Outline of this demonstrationWith the aim of promoting the decarbonization of transportation, the partners conducted trials with Fujitsu's Fleet Optimization solution to combine multiple data on electric vehicles with open data on carbon intensity (CO2 emissions per unit), which indicates the degree of greenness of electric power, to support the charging of EVs during periods with ample supply of green power such as wind and solar power. Trials conducted using data from grocery delivery EVs in the UK demonstrated that Fujitsu's Fleet Optimization solution enabled fleet operators (4) to reduce CO2 emissions from EV charging by 15%.Outline of the trialsEuropean commercial fleet operators are increasingly turning to EVs to achieve carbon neutrality in their operations. However, the reduction of CO2 emissions from EV charging represents an ongoing challenge that requires a comprehensive approach transcending the boundaries of the transportation and energy industries.To accurately visualize and evaluate data related to CO2 emissions from EV charging, Fujitsu in cooperation with WBCSD, Arcadis, and National Grid conducted trials leveraging Fujitsu's Fleet Optimization solution. The trials focused the use of data on the operation and charging of grocery delivery EVs in the UK operating at night and early in the morning, which was analyzed along with multiple other sources of data, including the amount of electricity transmitted and distributed in the region as well as open data on carbon intensity. The analysis of data from these EVs revealed that charging delivery vehicles during periods with an ample supply of green power (wind power, solar power, etc.) enabled fleet operators to reduce CO2 emissions from EV charging by 15%, offering a possible strategy to contribute to the realization of carbon neutrality in the energy and transportation industries.By providing actual data evidence on CO2 reductions, Fujitsu aims to promote understanding of the importance of data sharing and visualization among various companies around the world and to contribute to the solution of societal issues related to the balance of power supply and demand.Details of the trials will be presented during the breakout session of the "WBCSD Council Meeting Tokyo 2022" held during October 25 and 28, 2022. The WBCSD released the following press release today: bit.ly/3zhIGy0Social digital twin technology to reduce carbon emissionsFujitsu is promoting the research and development of Social Digital Twin (5) technology that aims to contribute to the formulation of measures to solve diverse and complex issues by digitally reproducing the interactions between people, goods, the economy and society based on an image of the actual state of society. Moving forward, Fujitsu will boost further initiatives to contribute to the common global goal of a carbon neutral society by digitizing information in the real world to conduct various social experiments and simulations at the city level.Fujitsu further plans to expand its business beyond fleet operators and logistics companies to transport service providers to contribute to an even more far-reaching reduction of CO2 emissions and to optimize the entire logistics and transportation service sector.(1) The World Business Council for Sustainable Development (WBCSD) :WBCSD is the premier global, CEO-led community of over 200 of the world's leading sustainable businesses working collectively to accelerate the system transformations needed for a net zero, nature positive, and more equitable future.(2) Arcadis:engineering and infrastructure consulting firm. Headquarters: Amsterdam, Netherlands; Chief Executive Officer and Chairman of the Executive Board: Peter Oosterveer(3) National Grid:energy company operating in the United Kingdom and the United States. Head Office: London; Chief Executive: John Pettigrew FEI FIET(4) Fleet operators:companies and organizations that provide services including transportation, automobiles, and air transportation.(5) Social Digital Twin:A Social Digital Twin digitally reproduces the relationships and connections between people, goods, the economy and society to offer a simulation, prediction and decision making environment in which to solve diverse and complex social issues.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Jun 30, 2022 - (ACN Newswire via SEAPRWire.com) - JL MAG Rare-Earth Co., Ltd. ("JL MAG" or the "Company", together with its subsidiaries, the "Group", SZSE: 300748; HKEX: 6680), a leading producer of high-performance rare earth permanent magnets ("REPMs") in China, is pleased to announce that the Company has been awarded the first SGS PAS 2060 carbon neutrality declaration certificate ("Certificate") in the global rare earth permanent magnet industry by SGS, an internationally recognized testing, inspection and certification institution. Both parties held a Certificate presentation ceremony at Ganzhou Jinjiang International Hotel on 30 June 2022. Mr. Chen Shuilian, Deputy Mayor of the People's Government of Ganzhou City of Jiangxi Province, Ms. Zhang Qiumei, Director of SGS Knowledge and Management Services in Southern District & Central and Western District, and Mr. Cai Baogui, Chairman and General Manager of JL MAG jointly attended the ceremony. Mr. Cai Baogui, Chairman and General Manager of JL MAG delivered a welcome speech.Ms. Zhang Qiumei, Director of SGS Knowledge and Management Services in Southern District & Central and Western District presented the Certificate to Mr. Cai Baogui, Chairman and General Manager of JL MAG.PAS 2060 is the internationally recognized carbon neutrality standard, which requires enterprises to strive to reduce carbon emissions and achieve low-carbon production on the basis of quantifying greenhouse gas emissions. With regard to carbon emissions that cannot be reduced, PAS 2060 encourages enterprises to adopt voluntarily compensation and offset to achieve carbon neutrality. The PAS 2060 carbon neutrality declaration certificate proved that JL MAG's efforts in carbon neutrality have been highly recognized by the international authorities. The Company has established and implemented systematic management and identification of carbon emission sources in accordance with ISO 14064 standard. It also demonstrated to the SGS professional audit team that the Company has fulfilled the commitments and requirements of products and services within the scope of certification, with the system capable of meeting the organizational objectives. Meanwhile, on top of implementing the emission reduction plan, JL MAG has been committed to completely offsetting the remaining carbon emissions by taking relevant effective measures.JL MAG has been adhering to the philosophy of green development and fulfilling corporate responsibilities since its establishment. The Company facilitates the pursuit of carbon neutrality in China and around the world by providing rare earth permanent magnets to its top player customers. In 2021, the Company's sales volume of magnetic steel products for NEV drive motors was sufficient to equip approximately 1.24 million passengers NEVs 2021, facilitating to reduce of carbon emissions by approximately 2.56 million tonnes/year. The Company's sales volume of magnetic steel products for energy-saving VFACs was sufficient to equip approximately 48.50 million air conditioner compressors in 2021, facilitating the reduction of carbon emissions by approximately 17.55 million tonnes/year. The Company's sales volume of magnetic steel products for the wind power sector was sufficient to equip wind turbine generators with an approximate aggregate installed capacity of 8.65GW in 2021, facilitating to the reduction of carbon emissions by approximately 14.33 million tonnes/year. Combining the three key downstream areas, JL MAG facilitated the reduction of carbon emissions by approximately 34.44 million tonnes in 2021.In addition, JL MAG reduces its own carbon emissions through various energy conservation approaches, including technological innovation, lean production, management-driven energy conservation, technology-driven energy conservation, efficiency improvement, equipment upgrading, and conversion of green power. The Company also joined hands with Goldwind (002202.SZ; 02208.HK) to develop a green power program. The Company has also announced that it has entered into a strategic cooperation framework agreement with China Resources Power Investment Co., Ltd. Northern Branch, a management company established by China Resources Power (836.HK) in the northern region. Both parties will cooperate on a number of projects on the basis of the development and construction of new energy projects, including indemnificatory grid-connected centralized new energy projects, renewable energy replacement projects in industrial parks, thermal power flexibility retrofits supporting new energy projects, distributed wind power projects and permanent magnet motor transformation projects, to promote the Company's low-carbon production with green power. Looking forward, the Company has established a clear carbon reduction target, aiming to reduce its emission/consumption per unit by an average of 5% to 10% on an annual basis in the future through the increasing use of green energy and recycling of raw materials. Guided by the vision of "growing into the leading enterprise in the world rare earth permanent magnet industry", the Company will continue to enhance its product innovation and research and development, further improve energy efficiency, proactively develop and introduce photovoltaic power, and strive to achieve carbon emission reduction and carbon neutrality at the Group level and product level. JL MAG will realize its corporate mission of "Better Life with Rare Earth" with concrete actions and facilitate the pursuit of carbon neutrality in China and around the world.About JL MAG Rare-Earth Co., Ltd.JL MAG Rare-Earth Co., Ltd. ("JL MAG" or the "Company", together with its subsidiaries, the "Group", HKEX: 6680; SZSE: 300748) is a global leading producer of high-performance REPMS with rapid growth in the fields of new energy, energy conservation and environmental protection. The Company ranked first in the world by production volume of high-performance REPMs and by production volume of high-performance REPMs based on GBD technology in 2020. The Company's products are widely applied in downstream sectors including NEVs and automotive parts, energy-saving VFACs, wind power, 3C, industrial energy-saving motors, energy-saving elevators and rail transit. The Company has also established long-term and stable cooperative relationships with domestic and foreign top-tier companies in various sectors. The Company successfully listed its H shares on the Main Board of the Stock Exchange of Hong Kong Limited on January 14, 2022, making JL MAG the first high-performance REPM producer with dual listings of A-shares and H-shares in the world. Meanwhile, JL MAG successfully raised HK$4.241 billion. About SGSSGS is an internationally recognized testing, inspection and certification institution with more than 93,000 employees across over 2,600 branches and laboratories worldwide, building a global service network. SGS has been on the list of Forbes Global 2000, named as an industry leader by the Dow Jones Sustainability Index for the sixth year and included in the FTSE4Good Index for the third year. SGS-CSTC Standards Technical Services Co. Ltd. was founded in 1991 as a joint venture between SGS Group and China Standard Science and Technology Group. With an extensive network of 90 branches and more than 200 laboratories, it recruited more than 15,000 professionals to provide quality services. In China, SGS' service covers an array of industries such as textiles & garments, toys & children's products, houseware & sundries, electrical & electronics, agriculture & food, life sciences, cosmetics, personal care & household, petrochemicals, minerals, environment, industrial, transportation and e-commerce. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HIROSHIMA, Japan, Jun 3, 2022 - (JCN Newswire via SEAPRWire.com) - Mazda Motor Corporation, announced our commitment to making Mazda factories globally go carbon neutral by 2035, keeping an eye on our goal of making our whole supply chain carbon neutral by 2050.Roadmap for CO2 emissions reductionMazda sees it as the core responsibility of any automotive manufacturer to do their part in curbing global warming by reducing CO2 emissions in every process of vehicle production, including manufacturing, transport, vehicle usage, recycling, etc. Consequently, Mazda has been actively engaged in carbon neutral initiatives.To achieve carbon neutrality in Mazda factories around the globe by 2035, we plan to work closely with our partners and proceed via three pillars: (1) energy conservation, (2) shift to renewable energies, (3) introduction of carbon neutral fuels for in-house transportation.The first pillar focuses on energy conservation efforts during the vehicle manufacturing processes, which emit large amounts of CO2. These include reduction of thermal energy through the development of low-temperature curing paints and improvement of energy conversion efficiency by optimizing processing technology.Regarding the second pillar, i.e., shifting to renewable energy, Mazda recognizes the importance of not only making steps toward the company's carbon neutrality, but also that of contributing to the growth of the local economy. Therefore, we will participate proactively in efforts of the Carbon Neutral Electricity Promotion Subcommittee, which aims to expand the supply and demand of carbon neutral electricity throughout the Chugoku region. We are also considering various forms of decarbonization, such as low/carbon-free power generation in our plants and procurement of electricity from renewable energy suppliers.For introduction of carbon neutral fuels, the third pillar of our initiatives, efforts include Mazda working toward using carbon neutral fuel for in-house transportation in cooperation with the Hiroshima Council for Automotive Industry-Academia-Government Collaboration which is promoting the practical use of next-generation biofuels.Furthermore, we will capitalize on these initiatives conducted in Japan and use them as a basis to implement the optimal approach for each facility outside Japan.Through these efforts, Mazda will continue to make steady steps toward the greater challenge of making our whole supply chain carbon neutral by 2050 and our endeavor to help create a future where we can coexist with our beautiful planet in harmony and forever. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, May 24, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation is pleased to announce that it has signed a participation agreement with Sempra Infrastructure, TotalEnergies and Mitsui & Co., Ltd. for the development of the proposed Hackberry Carbon Sequestration (HCS) project at the site in Southwest Louisiana. The project aims to capture, transport and sequestrate carbon dioxide (CO2), primary sourced from Cameron LNG, and the participation agreement provides the basis for the parties to potentially enter into a joint venture with Sempra Infrastructure for the HCS project. Last summer, the Hackberry Carbon Sequestration, LLC, which is owned by Sempra Infrastructure, filed an application for a Class VI injection well permit from the U.S. Environmental Protection Agency for permanent storage of up to 2 million tonnes per annum of CO2. As underpinned in both Roadmap to a Carbon Neutral Society and Midterm Corporate Strategy 2024, announced in October 2021 and May 2022 respectively, MC is placing greater emphasis on energy transformations (EX). By lowering the carbon footprint throughout the LNG value chain through CCS and other EX initiatives, MC hopes to spearhead future transformations and help societies to decarbonize by providing a stable supply of clean energies. "We are thrilled to participate in a business opportunity that could potentially lower the carbon intensity of LNG produced from the Cameron LNG Project, through which we will be able to provide additional value to our customers," said Masaru Saito, Senior Vice President and Division COO, North America Div., Mitsubishi Corporation. "CCS promises to play an important role in achieving net-zero emissions on a global scale, so we are excited about making this project happen and looking forward to expanding our CCS business portfolio." The development of the HCS project is subject to risks and uncertainties, including signing definitive agreements, securing all necessary permits, and reaching a final investment decision.Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 25, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, has agreed to license its carbon capture technology and provide the process design package (PDP) for the foreseen phase 1 of Italy's first CCUS (Carbon dioxide Capture, Utilization and Storage) project being developed by Eni S.p.A., the biggest integrated energy company in Italy. The phase 1 of the project targets the capture of approximately 25,000 tons of CO2 per year from the turbo compressor exhaust operating at Eni's natural gas plant located in Casalborsetti (Ravenna), in Northeast Italy.MHIENG's role in the project will be to provide licensing for its carbon capture technology, the KM CDR Process, jointly developed with The Kansai Electric Power Co., Inc., which is a technology that captures the CO2 contained in flue gas by a process of chemical absorption using MHIENG's proprietary KS-1 solvent. This system has already been deployed at 13 commercial facilities around the world, where its high reliability has been confirmed by solid track records. MHIENG will provide its carbon capture technology through NextChem S.p.A., green chemistry-dedicated subsidiary of Marie Tecnimont Group, a leading Italian engineering company engaged in the transformation of natural resource as well as in industrializing technologies to support the energy transition.The new agreement marks MHIENG's first provision of its carbon capture technology to Italy and has extreme significance in terms of enhancing its presence in Europe. It will also serve as a springboard for MHI Group as a whole, with MHIENG continuing to work in alliance with Mitsubishi Heavy Industries EMEA, Ltd. (MHI-EMEA) - MHI's regional headquarters for Europe, the Middle East and Africa - to respond to demand in Italy and throughout Europe to advance the energy transition and achieve a carbon neutral society.MHI Group is currently strengthening its position in the energy transition, and development of a CO2 ecosystem is a core component of that initiative. CCUS is garnering attention as an effective means for realizing a carbon neutral society. Going forward, MHIENG will continue to contribute toward reducing greenhouse gas emissions on a global scale by promoting broad adoption of high-performance CO2 capture technology worldwide. It will also press ahead in developing new proprietary technologies to protect the global environment.About MHIENG's CO2 capture technologiesMHIENG (originally MHI) has been developing the KM CDR Process and the Advanced KM CDR Process in collaboration with Kansai Electric Power since 1990. Today MHIENG stands as a global leader in this field. As of April 2022, the KM CDR Process has been adopted at 13 plants worldwide, and three more are currently under construction. For further details, visit the following website and view the attached video presentation. https://www.mhi.com/products/engineering/co2plants.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 22, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) announced today it has signed a Memorandum of Understanding with Infinium, an Electrofuels innovator headquartered in California. The agreement, which builds on MHI's 2021 investment in Infinium, will focus on exploring the deployment of Infinium's proprietary Electrofuels technology in the Japanese market.According to Infinium, Electrofuels are classified as ultra-low carbon fuels because they reduce carbon dioxide emissions by up to 97 percent when compared to traditional jet and diesel fuels. They are a drop-in replacement for fossil-based fuels and can be used in airplanes, trucks, and ships without the need for costly engine modifications.By combining Infinium Electrofuels production technology with MHI Group's CO2 capture technology and value chain solutions, MHI aims to accelerate the realization of a carbon-neutral society in Japan, alongside its existing strategies such as EV oriented transportation, CO2 recovery and carbon offsets."We're proud to collaborate with Infinium to combine their proprietary technology with our expertise in the industry," said Makoto Susaki, Head of CCUS Business Taskforce. "Together, we can accelerate deployment of these key solutions throughout Japan and around the world in order to achieve our common goal of decarbonization.""The Infinium team is tremendously excited about this opportunity to bring clean fuels to the Japanese market alongside our colleagues at MHI," said Infinium CEO Robert Schuetzle. "We're on a mission to decarbonize the world, and the opportunity to build Electrofuels production in yet another pivotal geographic market further validates the growing commitment to a net-zero carbon future."This collaboration also supports the Japanese government's Green Growth Strategy, which aims to reduce greenhouse gas emissions by 46 percent by 2030 (from 2013 levels) and achieve carbon neutrality by 2050. The use of carbon-neutral fuels is expected to play a key role in decarbonizing industries where this is typically challenging such as long-distance transportation, air transportation, and marine transportation, where electric vehicles are considered difficult to utilize at scale.MHI Group is working to realize a carbon-neutral society and building a CO2 ecosystem is one of the pillars of this effort. Through this collaboration, MHI will further promote the CCUS value chain, as well as the digital grid it designed with IBM Japan to visualize CO2 distribution, CO2NNEX.About InfiniumInfinium is a leading innovator in the clean fuels space with a mission to decarbonize the world. The company's proprietary technology converts carbon dioxide and hydrogen into ultra-low carbon fuels--known as Electrofuels--for use in today's planes, ships and truck fleets. Infinium electrofuels can be used directly in existing engine designs, enabling transportation providers to reduce harmful emissions and meet their carbon reduction goals. Investors include Amazon, NextEra Energy, Mitsubishi Heavy Industries and AP Ventures. For more information, visit www.infiniumco.com.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Apr 20, 2022 - (ACN Newswire via SEAPRWire.com) - Very Clean Planet (VCP) today announced the launch of its global digital engagement hub for carbon asset management and the inaugural OTC (over-the-counter) I-REC (International Renewable Energy Credit) trade between Hebei Construction and Investment Group Co., Ltd. (HECIG) and BroadVision Hong Kong, Ltd. (BVHK). VCP is the world's first blockchain-enabled platform where each carbon credit certificate can be traced end-to-end, preventing any fraudulent offering or double counting that is difficult to verify in today's market. Specifically, VCP empowers insight into each I-REC in much finer granularity regarding its origin, process, seasonality, and a host of other pertinent environmental attributes, ensuring the member organization's compliance with its corporate ESG standards in the most stringent, accountable, and timely manner. "The lack of transparency and trust for cross-border carbon credits poses serious challenges to multinational corporations seeking to achieve carbon neutrality across all locales as well as to regional renewable energy producers seeking to monetize their carbon assets globally," said VCP Managing Director Yunping Hsu. "VCP has been built from the ground-up to digitally transform the global carbon market, alleviating those challenges while delivering superior efficiency, security, liquidity, and value for our members." "We are very excited to partner with VCP to launch its digital engagement hub for I-REC, which is seamlessly integrated with our blockchain-based enterprise carbon asset management platform," said Mr. Zhu Shaokang, CEO of BravoWhale Technology (BWT), "This makes VCP the world's only platform that conveys unprecedented insight into each I-REC's entire lifecycle, resulting in greater trust and more timely decisions for all participants." "As a global leader in professional services for sustainability and climate change, Deloitte is devoted to supporting clients on business transformation by taking advantage of technology and data, based on strong collaboration with strategic partners such as HECIG and BWT," explained Allan Xie, Climate & Sustainability Practice Leader, Deloitte China. "Today's inaugural I-REC trade between HECIG and BVHK on VCP symbolizes that a successful closed-loop digital carbon ecosystem has come into fruition. We look forward to expanding this ecosystem so as to build a more sustainable future, together with our partners and clients." "A robust, scalable, fully digital and truly global carbon platform is the key to fulfilling the world's zero-carbon commitments under the Paris Accord," commented Dr. Daniel Kammen, Distinguished Professor of Sustainability at the University of California, Berkeley and IPCC (Intergovernmental Panel on Climate Change) lead author on the seminal report which contributed to its winning the 2007 Nobel Peace Prize. "We applaud VCP's and BWT's vision and efforts in launching this groundbreaking platform and for consummating its first cross-border I-REC trade between HECIG and BVHK by addressing critical issues such as authenticity, timeliness, and traceability, once and for all, which should solidify the international drive and mutual trust toward a greener future with a compelling financial incentive.""Yingda Securities has been a pioneer in carbon asset management in China," stated Mr. Chen Kai, CEO of Yingda Securities Co., Ltd., a wholly-own subsidiary of the State Grid Corporation of China. "We are very enthusiastic about digital transformation in the carbon economy and believe initiatives like VCP will have a positive impact to global enterprises for achieving their ESG compliance objectives." "To comply with the Chinese Government's two-carbon mandate," said Mr. Wang Shuanghai, Chairman of Jointo Energy Investment Co., Ltd. (000600.SZ), an HECIG's wholly-owned subsidiary. "HECIG has led the energy industry in digital transformation by adopting cutting-edge technologies such as BWT's blockchain/IoT platform solution to digitize and intellectualize our carbon assets with outmost accountability, so that they can be efficiently traded and optimally monetized internationally. We invite and welcome all responsible organizations worldwide to join our crusade toward carbon neutrality and to transform our earth into a very clean planet." About Very Clean Planet Very Clean Planet is a global digital engagement hub that manages, aggregates, and facilitates the flow of carbon assets, guaranteeing unprecedented authenticity, transparency, efficiency, immediacy, and liquidity. We are driving a paradigm shift for the world to reach carbon neutrality on schedule by empowering organizations to meet their mandated or voluntary ESG (Environmental & Social Governance) compliance targets ahead of schedule. To register as a member, please visit www.verycleanplanet.com for more details. About BravoWhale Technology BravoWhale Technology, headquartered at the Shanghai Pudong Free Trade Zone, is a leading platform solution provider that helps the enterprise unlock and maximize its intrinsic asset value via digital transformation, with proven use cases and compelling success stories across B2B financing, taxation, carbon management, etc. Integrating blockchain, big data, AI, and IoT into a holistic cloud platform while optimizing it per actual business scenarios, our solution empowers the enterprise to digitize its core assets such as cash flow or carbon credits into a private chain of transparent and immutable data for the benefit of engaging counterparties to conduct their businesses with higher efficiency and greater trust, thereby unleashing the true value of such underlying assets. For more information, please visit www.bravowhale.com. Press contact: Sandra Chen (sandra.chen@verycleanplanet.com) Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Apr 19, 2022 - (ACN Newswire via SEAPRWire.com) - Very Clean Planet (VCP) today announced the launch of its global digital engagement hub for carbon asset management and the inaugural OTC (over-thecounter) I-REC (international renewable energy credit) trade between Hebei Construction and Investment Group Co., Ltd. (HECIG) and BroadVision Hong Kong, Ltd. (BVHK). VCP is the world's first blockchain-enabled platform where each carbon credit certificate can be traced end-to-end, preventing any fraudulent offering or double counting that is difficult to verify in today's market. Specifically, VCP empowers insight into each I-REC in much finer granularity regarding its origin, process, seasonality, and a host of other pertinent environmental attributes, ensuring the member organization's compliance with its corporate ESG standards in the most stringent, accountable, and timely manner. "The lack of transparency and trust for cross-border carbon credits poses serious challenges to multinational corporations seeking to achieve carbon neutrality across all locales as well as to regional renewable energy producers seeking to monetize their carbon assets globally," said VCP Managing Director Yunping Hsu. "VCP has been built from the ground-up to digitally transform the global carbon market, alleviating those challenges while delivering superior efficiency, security, liquidity, and value for our members." "We are very excited to partner with VCP to launch its digital engagement hub for I-REC, which is seamlessly integrated with our blockchain-based enterprise carbon asset management platform," said Mr. Zhu Shaokang, CEO of BravoWhale Technology (BWT), "This makes VCP the world's only platform that conveys unprecedented insight into each I-REC's entire lifecycle, resulting in greater trust and more timely decisions for all participants." "As a global leader in professional services for sustainability and climate change, Deloitte is devoted to supporting clients on business transformation by taking advantage of technology and data, based on strong collaboration with strategic partners such as HECIG and BWT," explained Allan Xie, Climate & Sustainability Practice Leader, Deloitte China. "Today's inaugural I-REC trade between HECIG and BVHK on VCP symbolizes that a successful closed-loop digital carbon ecosystem has come into fruition. We look forward to expanding this ecosystem so as to build a more sustainable future, together with our partners and clients." "A robust, scalable, fully digital and truly global carbon platform is the key to fulfilling the world's zero-carbon commitments under the Paris Accord," commented Dr. Daniel Kammen, Distinguished Professor of Sustainability at University of California, Berkeley and IPCC (Intergovernmental Panel on Climate Change) lead author on the seminal report which contributed to its winning the 2007 Nobel Peace Prize. "We applaud VCP's and BWT's vision and efforts in launching this groundbreaking platform and for consummating its first cross-border I-REC trade between HECIG and BVHK by addressing critical issues such as authenticity, timeliness, and traceability, once and for all, which should solidify the international drive and mutual trust toward a greener future with a compelling financial incentive.""Yingda Securities has been a pioneer in carbon asset management in China," stated Mr. Chen Kai, CEO of Yingda Securities Co., Ltd., a wholly-own subsidiary of the State Grid Corporation of China, "We are very enthusiastic about digital transformation in the carbon economy and believe initiatives like VCP will have a positive impact to global enterprises for achieving their ESG compliance objectives." "To comply with Chinese Government's two-carbon mandate," said Mr. Wang Shuanghai, Chairman of Jointo Energy Investment Co., Ltd. (000600.SZ), an HECIG's wholly-owned subsidiary, "HECIG has led the energy industry in digital transformation by adopting cutting-edge technologies such as BWT's blockchain/IoT platform solution to digitize and intellectualize our carbon assets with outmost accountability, so that they can be efficiently traded and optimally monetized internationally. We invite and welcome all responsible organizations worldwide to join our crusade toward carbon neutrality and to transform our earth into a very clean planet." About Very Clean Planet Very Clean Planet is a global digital engagement hub that manages, aggregates, and facilitates the flow of carbon assets, guaranteeing unprecedented authenticity, transparency, efficiency, immediacy, and liquidity. We are driving a paradigm shift for the world to reach carbon neutrality on schedule by empowering organizations to meet their mandated or voluntary ESG (Environmental & Social Governance) compliance targets ahead of schedule. To register as a member, please visit www.verycleanplanet.com for more details. About BravoWhale Technology BravoWhale Technology, headquartered at the Shanghai Pudong Free Trade Zone, is a leading platform solution provider that helps the enterprise unlock and maximize its intrinsic asset value via digital transformation, with proven use cases and compelling success stories across B2B financing, taxation, carbon management, etc. Integrating blockchain, big data, AI, and IoT into a holistic cloud platform while optimizing it per actual business scenarios, our solution empowers the enterprise to digitize its core assets such as cash flow or carbon credits into a private chain of transparent and immutable data for the benefit of engaging counterparties to conduct their businesses with higher efficiency and greater trust, thereby unleashing the true value of such underlying assets. For more information, please visit www.bravowhale.com. Press contact: Sandra Chen (sandra.chen@verycleanplanet.com) Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Mar 17, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) and Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC) - two group companies of Mitsubishi Heavy Industries, Ltd. (MHI), both based in Yokohama - are poised to commence demonstration testing of equipment for separation, capture and effective utilization of CO2 emissions from a local waste-to-energy (WtE) plant. The test program will be conducted together with the city of Yokohama and Tokyo Gas Co., Ltd. The four parties recently signed a memorandum of collaboration, their collective goal set on realizing a carbon neutral society.The demonstration testing, a joint undertaking by the private and public sectors, will integrate MHIEC and Yokohama's knowhow in the operation of WtE plants, MHIENG's high-performance carbon capture technology, and Tokyo Gas' expertise in hydrogen and carbon usage. The aim is to separate, capture and effectively recycle the mainly biomass-derived CO2 in the flue gas generated during the incineration of household waste.Under this project, MHI Group's carbon capture technology will be applied at Yokohama's Tsurumi Waste-to-Energy Plant, which was originally built by MHIEC. MHIENG will design and manufacture the compact CO2 capture system based on its proprietary process technologies, and MHIEC will take charge of the equipment?s installation. The high-purity CO2 separated and captured from the flue gas will be transported to Tokyo Gas?s Yokohama Techno Station, located in Tsurumi-ku, Yokohama, where it will be used for a demonstration test of methanation that synthesizes methane gas through chemical reaction with hydrogen, as well as for research on direct use to industrial gas.The project will be MHIENG's first application of its CO2 capture technology in a WtE plant. The equipment to be designed and manufactured is a compact CO2 capture system with a capture capacity of 0.3 tonnes per day (tpd), and it is applicable to various industrial facilities. It will further strengthen MHIENG?s product lineup as the company pursues increased applications of its carbon capture technologies to diverse emission sources and scales. For MHI Group, the project is significant in terms of providing a carbon negative solution responding to Japan?s decarbonization needs going forward: implementation of integrated carbon separation and capture from social infrastructure.MHI Group today is undertaking strategic strengthening of its energy transition business, and the development of a CO2 ecosystem is central to those initiatives. Carbon capture, utilization and storage (CCUS) is garnering attention as an effective means for realizing a carbon neutral society. With the demonstration testing to be performed in Yokohama, MHIENG and MHIEC, key players in MHI?s energy transition program, will contribute to reducing greenhouse gas emissions on a global scale, part of MHI's ongoing commitment to help protect the global environment.About MHIENG's CO2 capture technologiesMHIENG (originally MHI) has been developing the KM CDR Process and the Advanced KM CDR Process in collaboration with Kansai Electric Power since 1990. Today the Company stands as a global leader in this field. As of February 2022, the KM CDR Process has been adopted at 13 plants worldwide, and three more are currently under construction. For further details, visit the following website. https://www.mhi.com/products/engineering/co2plants.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world?s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)


















