Tokyo, Japan—Tosoh Corporation has devised the following policy to achieve carbon neutrality.
1. Reduction of greenhouse gas emissions
Reducing emissions of greenhouse gases (GHG) as the major driver of climate change is a social challenge that represents one of the greatest concerns globally. In response to the Japanese government’s 2050 Carbon Neutral Declaration and revision of its fiscal 2031 GHG emissions reduction target, Tosoh Corporation has crafted a GHG reduction policy for the Tosoh Group.
Reduce GHG emissions 30% on fiscal 2019 by fiscal 2031
Achieve carbon neutrality by 2050
GHG emissions reduction measures
a. Pursue energy conservation
Tosoh utilizes internal carbon pricing to assess the cost of varying levels of GHG emissions as a reference point for investment decisions. We will raise our unit pricing to further our energy conservation efforts.
b. Decarbonize the energy we use
Our major GHG emissions reduction target is to reduce the CO2 emitted from our in-house thermal power generation facilities. We will progressively phase out coal and other fossil fuels that produce large quantities of GHGs, replacing them with biomass, liquefied natural gas, and CO2-free hydrogen and ammonia and the like. We will also step up our efforts to introduce renewable energies, such as solar, to decarbonize the energy used by the Tosoh Group.
c. CO2 capture and use
Tosoh has teamed with external research institutions and the Japanese government to develop technologies that separate and capture the CO2 emitted by power generation facilities and production processes. Those technologies will also make possible the use of that CO2 as a raw material in manufacturing polyurethane and other products.
d. Invest in GHG emissions reduction
To fund these measures, Tosoh will invest around ¥120 billion. We will invest about ¥60 billion of that sum immediately over the three years from fiscal 2023 through fiscal 2025.
2. Contribution to society through GHG-reducing products and technologies
Tosoh Group measures to lower the GHGs from its manufacturing activities extend to the provision of sustainable products and technologies that contribute to society by reducing GHG emissions across the supply chain.
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Product and technology targets
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Social contribution
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Rigid urethane foam (heat insulation material)
Polyvinyl chloride (plastic sashes)
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High-performance external thermal insulation materials, including for insulated windows, contribute to the spread of energy-efficient and even zero-energy housing.
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Amines for CO2 capture
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The limited degradation of amines in the presence of the nitrogen oxides and more in exhaust gas facilitates their use in capturing CO2 from a wide range of exhaust gases.
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Energy-saving electrolysis technologies
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A jointly developed ion exchange membrane electrolytic cell for caustic soda manufacturing licensed to companies worldwide contributes to energy conservation globally.
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3. Promotion system
Tosoh pursues GHG emissions reduction and the capture of CO2 and its conversion into raw materials through its CO2 Reduction and Effective Use Promotion Committee. Recently, we also established the CO2 Reduction and Effective Use Strategy team and Task Forces at the Nanyo and Yokkaichi Complexes to strengthen our system for promoting the reduction of GHG emissions.
TOSOH CORPORATION
Who We Are
Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people, and generated net sales of ¥732.9 billion (US$6.9 billion at the average rate of ¥106.1 to the US dollar) in fiscal 2021, ended March 31, 2021.
What We Do
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
DISCLAIMER
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.