TOKYO—To reduce CO2 emissions, Denka Co. Ltd. will invest $35 million for environmental upgrades at its key production plant in Chiba, Japan, a move that is inline with the Paris Climate Agreement.
Denka plans to install a high-efficiency gas turbine power generator, which should help to reduce overall CO2 emissions by about 12,000 metric tons. This is part of the company's medium-term strategy for the reduction of greenhouse emissions, which is one stipulation of the climate agreement. Denka aims to reduce greenhouse gas emissions by 26 percent by 2030, compared to the 2013 baseline. This will include cutting 610,000 tons per year of CO2 emissions, of which 260,000 will be "energy-origin emissions."
In the long term, Denka expects the investment to contribute to a 5 percent emissions cut, helped by the additional use of hydroelectric power supplied by stations currently under construction. Overall, Denka aims to cut actual emissions by 85 percent by 2050, when compared to the 2013 baseline.
Located in the eastern Japanese city of Ichihara, the Chiba plant mainly manufactures specialty acrylic synthetic rubber, styrenic functional resins, and ultra-high purity acetylene black.