Potential offtaker

NIPPON SHOKUBAI CO., LTD.

www.shokubai.co.jp

Estimated electricity consumption

N/A

Countries of production presence

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NIPPON SHOKUBAI CO LTD is a Japanese company that operates in the Basic & Diversified Chemicals sector. The company was founded in 1941 and is headquartered in Osaka, Japan. NIPPON SHOKUBAI CO LTD is a global leader in the production of functional chemicals, including catalysts, resins, and superabsorbent polymers.

The company has a strong commitment to sustainability and decarbonisation. NIPPON SHOKUBAI CO LTD has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to 2013 levels. To achieve this goal, the company is implementing a range of measures, including the adoption of renewable energy and the implementation of energy efficiency measures.

One of the ways that NIPPON SHOKUBAI CO LTD is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which allows the company to purchase renewable energy at a fixed price. By entering into a corporate PPA, NIPPON SHOKUBAI CO LTD is able to secure a reliable source of renewable energy, while also reducing its carbon footprint.

In 2019, NIPPON SHOKUBAI CO LTD signed a corporate PPA with a solar power plant in Japan. The agreement will allow the company to purchase 3.3 MW of renewable energy, which is equivalent to the electricity consumption of approximately 1,000 households. The company plans to use the renewable energy to power its production facilities in Japan, reducing its reliance on fossil fuels.

NIPPON SHOKUBAI CO LTD is also investing in corporate energy management systems to improve its energy efficiency. The company has implemented a range of measures, including the installation of energy-efficient lighting and the optimisation of its production processes. These measures have allowed the company to reduce its energy consumption and carbon footprint, while also improving its bottom line.

In addition to its commitment to decarbonisation, NIPPON SHOKUBAI CO LTD is also focused on developing sustainable products. The company has developed a range of functional chemicals that are designed to reduce environmental impact. For example, the company's superabsorbent polymers are used in disposable diapers, which can reduce the amount of waste sent to landfills.

NIPPON SHOKUBAI CO LTD is also committed to social responsibility. The company has implemented a range of measures to ensure that its operations are conducted in a responsible and ethical manner. For example, the company has implemented a code of conduct for its employees, which includes provisions on human rights, labor practices, and environmental protection.

In conclusion, NIPPON SHOKUBAI CO LTD is a Japanese company that operates in the Basic & Diversified Chemicals sector. The company is committed to sustainability and decarbonisation, and has set a target to reduce its greenhouse gas emissions by 30% by 2030. To achieve this goal, the company is implementing a range of measures, including the adoption of renewable energy and the implementation of energy efficiency measures. The company has also developed sustainable products and is committed to social responsibility. NIPPON SHOKUBAI CO LTD is a global leader in the production of functional chemicals, and its commitment to sustainability and social responsibility makes it a leader in the industry.

✓ Declared Net Zero commitment