26 1 月, 2023

Four Companies Announce Joint Feasibility Study of Large-Scale and Wide-Area Carbon Capture and Storage (CCS) Value Chain Project Using Ship Transportation

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)

7 2 月, 2022

Synergy Group’s Greentech Projects acquire International Standard Certificate, Energy emissions quantified exceeds 7,000 tonnes of CO2e

HONG KONG, Feb 7, 2022 - (ACN Newswire via SEAPRWire.com) - Synergy Group Holdings International Limited, stock code 1539.HK ("Synergy Group" or "The Group")(1) has successfully acquired verification statements of Greenhouse Gas (GHG) emissions granted by CMA Testing and Certification Laboratories under CMA Industrial Development Foundation Limited (CMA Testing(2)). The Group's projects were quantified to achieve emission by a total of 7,146.74 tonnes of CO2e (Carbon Dioxide Equivalent)(3). The GHG emission inventories have been verified in accordance with ISO14064-3:2019(4) as meeting the requirement of ISO14064-1:2018(4). The Group Chairman and Chief Executive Officer Mr. Mansfield Wong commented, "It is a global uphill battle when it comes to reaching carbon neutral targets. Our goal is to reduce GHG emissions and strive to achieve carbon neutrality in the near future. The Group is actively formulating a commercial scheme to assist other companies in neutralizing their GHG emissions."As of today, the Group has verified 7,146.74 tonnes of CO2e in total, which is estimated to be accounted for approximately 1% of the Group's total GHG emission inventory, the remaining inventories are being certified. Current carbon credit prices(5) are quoted by different international Carbon Credit Exchanges(5) ranging from RMB56 to EUR89 per tonne. The Group expects the global carbon credit prices(5)and market-based emission trading schemes continued to grow gradually as we are approaching the targets of Hong Kong's Climate Action Plan 2050(6), China's Carbon Dioxide Peaking 2030(7) and Carbon Neutrality 2060(7). Driving GHG emission is imminent action to curb global warming effects, the Group has set out its priorities for investing in carbon markets. The Group is committed to creating environmental sustainability through its experienced GHG emission management and green technological innovations.Media enquiries: New Smile Limited Strategic IR & PR ConsultancyTel: +852 2126 7076Jenny Lai jenny.lai@newsmilehk.comJenny Cheung jenny.cheung@newsmilehk.comNotes to editors: 1. Synergy Group Holdings International Limited ("Synergy Group" or "The Group")Founded in 2008, Synergy Group Holdings International Limited (Stock code: 1539.HK), as the first Energy Service Company (ESCO) to be listed on the Hong Kong Stock Exchange, is one of the leading integrated energy saving and management solutions providers based in Hong Kong. The Group together with its subsidiaries, is principally engaged in design and customisation, investment, installation and commissioning, operation and maintenance of (i) energy efficiency technology; (ii) renewable energy; and (iii) energy storage and distributed energy resources. Serving clients in over 20 countries, businesses cover large multi-million projects in Malaysia, Indonesia and South Africa. 2. CMA Testing Established since 1979, CMA Testing, a subsidiary of The Chinese Manufacturers' Association of Hong Kong, is a large-scale quality assurance center, specializes in testing, inspection and certification services. CMA Testing is also a third-party laboratory accredited by The Hong Kong Laboratory Accreditation Scheme (HOKLAS) and an inspection body accredited by The Hong Kong Inspection Agency Accreditation Scheme (HKIAS). CMA Testing's global footprint spans over 12 countries in Asia, Middle East, Europe and North America. 3. Carbon Dioxide Equivalent (CO2e)CO2 refers to Carbon Dioxide, while CO2e stands for "Carbon Dioxide Equivalent" which includes CO2 and other greenhouse gases. For any quantity and type of greenhouse gas, CO2e signifies the amount of CO2 which would have the equivalent global warming impact.4. ISO14064 Greenhouse Gas Calculation and Verification Management SystemISO14064-1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removalsISO14064-2: Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancementsISO14064-3: Specification with guidance for the verification and validation of greenhouse gas statements5. Carbon Credit Price IndexWhile Hong Kong is still exploring the feasibility to have a platform for carbon trading exchange, the Company has made references to other international exchange platform or publicly available sources for the current market prices:As of Country/Region Product(Quote) Individual exchange/ publicly available sources for reference:27/1/2021 China CEA(RMB56.00 per tonne) Exchange: Shanghai Environmental and Energy Exchange https://www.cneeex.com/c/2022-01-27/491999.shtml 27/1/2022 Europe EUA Futures - Jan 22(EUR89.00 per contract) Exchange: Intercontinental Exchange https://www.theice.com/products/197/EUA-Futures/data?marketId=681710827/1/2022 California, US CBL California Carbon Allowance Vintage-Specific 2021 Feb 22(USD29.59 per contract) Exchange: New York Mercantile Exchangehttps://tinyurl.com/2p97hrrf30/9/2021 Australia Australian Carbon Credit Units(AUD26.50 per certificate) Source: Clean Energy Regulator, Australian Governmenthttps://tinyurl.com/bddbrmyv6. Hong Kong's Climate Action Plan 2050The Government today (October 8) announced Hong Kong's Climate Action Plan 2050, setting out the vision of "Zero-carbon Emissions.Liveable City.Sustainable Development", and outlining the strategies and targets for combating climate change and achieving carbon neutrality.https://www.info.gov.hk/gia/general/202110/08/P2021100800588.htm?fontSize=1 >7. China's Carbon Dioxide Peaking 2030 and Carbon Neutrality 2060The Communist Party of China Central Committee and the State Council on Oct 24 jointly released a document titled: Full Text: Working Guidance For Carbon Dioxide Peaking And Carbon Neutrality In Full And Faithful Implementation Of The New Development Philosophy ( www.gov.cn )https://tinyurl.com/yc59ycnb > Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

27 7 月, 2021

S’pore updating plan to lift competitiveness of marine and offshore engineering sector amid Covid-19 and climate change

SINGAPORE - To keep the marine and offshore engineering sector in Singapore buoyant, a plan to boost its competitiveness is being updated by government agencies to account for disruptors such as Covid-19 and climate change. Dr Tan See Leng, Second Minister for Trade and Industry, told Parliament on Tuesday (July 27) that the refreshed industry transformation map for the sector - which includes shipbuilding and repair, rig building and marine equipment - is slated to be launched in 2022. "We expect offshore renewables and offshore carrier transport of hydrogen to be among the areas of opportunity in the refreshed map," he said in response to questions raised by Dr Tan Wu Meng (Jurong GRC). The latter had asked the Ministry of Trade and Industry (MTI) for an update on transformation plans for the carbon-intensive marine and offshore engineering sector. It was affected by negative oil prices due to Covid-19 lockdowns last year, and is expected to be impacted by a global push to tackle climate change, which entails shifting away from fossil fuels. The marine and offshore engineering industry contributed $3.6 billion, or 1 per cent, of Singapore's gross domestic product, and employed more than 23,000 workers in 2016. Dr Tan Wu Meng also asked for MTI's assessment of whether the country could be a hub for emerging technologies that can help companies slash their carbon footprint. These include hydrogen - a fuel that produces no planet-warming carbon dioxide when burnt - and carbon capture, utilisation and storage. Dr Tan See Leng said Singapore plans to use these technologies to help it meet the goal of reaching net-zero emissions. However, using hydrogen as a fuel comes with disadvantages, he added, including high storage and transportation costs. As hydrogen is a gas with a boiling point far lower than that of natural gas, it is considered flammable and requires a "significant engineering challenge" to transport and store it in a commercially viable manner. Singapore is looking into a few strategies to overcome this, Dr Tan See Leng said. These include transporting hydrogen as ammonia (which is a compound of hydrogen and nitrogen and comparatively easier to handle), liquefied hydrogen, or through liquid organic hydride carriers. However, all come with challenges. For instance, liquid organic hydride carriers are less hydrogen-dense. "This means a relatively higher cargo footprint would be needed to import the same amount of hydrogen. The process required to release hydrogen from (these carriers) can also be land and energy-intensive," he added. He said Singapore is keen to realise the decarbonisation potential of hydrogen and develop into a regional hydrogen hub. "Government agencies will continue to monitor the technological and market developments to ensure that Singapore maintains its competitiveness," he added. More on this topic Related Story Extra $3.5m to prop up maritime sector; existing support measures extended further Related Story Port of S'pore regains momentum despite disruptions caused by Covid-19 pandemic On carbon capture, Dr Tan See Leng said the country lacks known geological formations that are suitable for the permanent storage of carbon dioxide underground. "We are therefore exploring partnerships with companies and other countries with suitable geological formations to enable carbon dioxide storage opportunities," he said. As for carbon capture and utilisation, he added that the Republic is looking into converting carbon dioxide into waste-based feedstock or natural minerals that can be used to produce aggregates for reclamation or building materials.

14 5 月, 2021

NUS and Shell team up to research converting CO2 into cleaner fuels

SINGAPORE - The National University of Singapore (NUS) and energy giant Shell are teaming up in a $4.6 million research project to convert carbon dioxide (C02) - a major greenhouse gas - into cleaner fuels and other chemicals for everyday use. The three-year research programme into a relatively new field is supported by the National Research Foundation Singapore and was formalised on Friday (May 14) at a signing ceremony. The participants are hoping that promising lab results found in the course of research can be applied on a larger scale, helping firms - and Singapore - to better meet emission targets for more sustainable growth. The proposed method will effectively recycle carbon dioxide in the atmosphere. By electrochemically treating carbon dioxide, the researchers want to create ethanol and n-propanol, both of which, when blended with petrol, become cleaner burning fuels. Ethanol and n-propanol can also be further dehydrated to produce ethylene and propylene, which are commercially important in making polymers for a range of common items from medical equipment to houseware. It is a fledgling field, and current methods have not been able to produce yields that can meet industrial needs. A team led by associate professor Jason Yeo from the NUS chemistry department will focus on discovering new catalysts that it hopes can help bridge this gap. Professor Chen Tsuhan, the university's deputy president of research and technology, has high hopes for the new project. He said NUS has been building up its research capabilities in the field of carbon dioxide reduction for nearly a decade, and can now do so in an industrial setting with support from Shell and the National Research Foundation Singapore. "Converting (carbon dioxide) into useful products is a promising strategy to mitigate carbon emissions and close the carbon cycle," he said. "The innovative and commercially viable solutions generated through this research programme will help to build a path for a greener future for generations to come." For Shell, it is a way of achieving its hopes to be a net-zero emissions energy business by 2050 or sooner. It also wants to cut its carbon dioxide emissions in Singapore by about a third within a decade. Said Mr Ajay Mehta, its general manager of new energies research and technology: "Meeting our (carbon emission) ambition will require the best minds from around the world to come together to tackle the challenge of climate change. We, however, also believe that we cannot do this alone. "It is partnerships like this, based upon one-on-one, peer-to-peer, scientific collaboration between industry and academia that will lead to the necessary insights and breakthroughs required to solve big societal challenges." Shell said that as an energy giant involved in almost the entire value chain of energy production, it can contribute by scaling up promising catalysts or processes that the research team finds. It will also conduct analyses to assess the techno-economic and environmental impact of the processes developed by the NUS team.

20 11 月, 2020

Mitsubishi Heavy Industries Engineering to Establish “Decarbonation Business Department”

TOKYO, Nov 20, 2020 - (JCN Newswire) - On December 1, Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, will establish a new "Decarbonation Business Department." Creation of the new office targets further strengthening of MHIENG's world-leading business in carbon capture from gas emissions and further acceleration of new initiatives in the area of energy transition, to respond to customer needs amid global efforts to achieve carbon neutrality.MHIENG has already made several significant contributions to carbon dioxide (CO2) recovery technology. Jointly with Kansai Electric Power Company, Inc., MHIENG has developed and improved the proprietary Kansai Mitsubishi Carbon Dioxide Recovery Process (KM CDR Process) in combination with a highly efficient amine-based solvent. Recovery systems utilizing this process are currently operating at 13 plants (thermal power, chemical, etc.) worldwide, giving MHIENG one of the world's strongest track records in this area. Meanwhile, as efforts to achieve carbon neutrality are being ramped up globally, needs are increasing in various spheres: these include flue-gas carbon capture systems not only for existing thermal power plants but also for biomass-fired power plants, steelworks, cement plants and trash incinerating plants, as well as direct air capture (DAC).To respond to such needs, MHIENG's new Decarbonation Business Department will play a leading role in developing recovery systems more readily adoptable by customers and in expanding the range of recovery technology applications. Also, as new initiatives in the area of energy transition, using its chemical reaction technologies cultivated through its abundant experience in the chemical plants business, MHIENG will accelerate commercial viability of technologies for manufacturing clean fuels (carbon-free ammonia, hydrogen), for development and utilization of ammonia-based hydrogen manufacturing technologies, for liquefaction, storage and transport of captured carbon, and for CCUS (carbon dioxide capture, utilization and storage) involving use of carbon dioxide converted to other chemicals (methanol, etc.).Going forward, as a core company involved in the field of energy transition - an MHI Group growth area - MHIENG will work closely with MHI and its other business companies toward achieving carbon neutrality on a global scale.About Mitsubishi Heavy Industries, Ltd.Mitsubishi Heavy Industries (MHI) Group (TSE: 7011; US: MHVYF) is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion USD. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.For more information, please visit MHI's website: https://www.mhi.com For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com