Yokogawa Electric Corporation has started working on an inter-industry collaborative study project for the achievement of carbon neutrality at an industrial complex in the Goi district of Ichihara City in Chiba Prefecture.
The study will examine the feasibility for collaboration by companies in different industries in a carbon recycling business and will involve surveys on the current status of the energy balances of their industrial plants and the capture and reuse of the carbon dioxide (CO2) emitted by them.
The goal of this project is to lay the groundwork for a business that will aim to achieve net-zero CO2 emissions for the entire industrial complex by 2050. This study has been commissioned by the New Energy and Industrial Technology Development Organization (NEDO).
In line with the international community’s efforts to address climate change, the Paris Agreement was adopted at the 21st Conference of the Parties to the United Nations Framework Convention of Climate Change (COP 21), with the signatories agreeing to reduce greenhouse gas emissions to virtually zero by the second half of this century.
Japan has declared that it will achieve carbon neutrality by 2050. According to an announcement by the Ministry of Economy, Trade and Industry in December 2020, carbon recycling plays a key role in Japan’s Green Growth Strategy, and innovation in this field through public-private partnerships is encouraged.
For this study, Yokogawa will leverage expertise held throughout the Yokogawa Group, including that of the subsidiaries Yokogawa Solution Service Corporation and KBC Advanced Technologies Limited.
Specifically, Yokogawa will make use of the knowledge of manufacturing processes that have been cultivated through work for many different types of plants both in Japan and overseas, expertise in the improvement of processes and energy efficiency for single sites as well as the integration of multiple industrial sectors’ sites, virtual power plant technologies that enable the control of supply and demand at the regional level, regional energy management systems that optimize control based on supply and demand, and simulation technology that supports the execution of optimal production planning.
By cooperating with partners in the survey across multiple industries, Yokogawa is aiming to achieve net-zero CO2 emissions for the entire community, and contribute to the achievement of a carbon-neutral society that is one of the company’s “Three goals” for sustainability.