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Denka to invest around USD35 million to reduce gas emissions

September 18/2020

MOSCOW (MRC) -- Denka Company Limited announces that as part of its initiatives to reduce greenhouse gas emissions based on its ESG management policy, it has decided to invest approximately 3.7 billion yen  in the installation of high-efficiency gas turbine power generation facilities for private power generation at its Chiba Plant (Ichihara-shi, Chiba), its core petrochemical production plant, said the company.

Through the introduction of facilities such as these, Denka will facilitate the reduction of greenhouse gas (CO2) emissions by at least 12,000 tons annually and accelerate its efforts to realize a sustainable society.

The Paris Agreement,1  which was adopted as an initiative establishing an international framework, set out the target of keeping the average global temperature rise to 2 C or less over pre-Industrial Revolution levels. As a result, the implementation of measures to reduce greenhouse gas emissions became an issue the world needed to address as soon as possible. Denka, taking the Paris Agreement into consideration, established medium- to long-term targets for the reduction of greenhouse gas emissions in an effort to ensure its responsibilities as a chemical product manufacturer are fulfilled.

The introduction of the high-efficiency gas turbine power generator is expected to not only achieve a reduction equal to approximately 2% of Denkas total reductions and approximately 5% of the energy-origin emission reductions
set forth in the medium-term targets but also improve the intensity of useable energy, thereby contributing to the boosting of the Chiba Plants cost competitiveness.

In addition, with the high-efficiency gas turbine power generator expected to achieve a sufficient reduction of emissions and also save energy, the project has been chosen by the Ministry of Economy, Trade and Industry (METI) as being eligible for subsidies, based on METIs program aimed at supporting entities facilitating the rationalization of energy use, following the energy saving project with the introduction of gas turbine power generator promoted by Ome Plant which was also chosen in 2018.

Denka will increase the amount of clean energy it uses to reduce greenhouse gas emissions on a long-term basis. With this in mind, it is in the process of constructing additional hydroelectric power stations in two locations, in addition to the Denka-owned hydroelectric power stations operating in 15 locations (including five locations owned by Kurobegawa Electric Power Company, a joint venture established with Hokuriku Electric Power Company). When the power stations Denka hopes to establish in two locations begin operations, Denka expects that it will additionally reduce CO2 emissions by approximately 35,000 tons every year.

In line with its SDGs compass, Denka will continue to implement a range of initiatives preserving and protecting the
environment going forward, and contribute to the creation of a sustainable society by promoting environmentally-conscious corporate activities globally.

Ethylene and propylene are feedstocks for producing PE and polypropylene (PP).

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.
Author:Anna Larionova
Tags:petroleum products, PP, PE, petrochemistry, Denka.
Category:General News
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