Many efforts are underway in various industries to become carbon neutral by 2050. The tire industry is no exception, and one of these efforts is the use of sustainable raw materials. In its long-term sustainability policy, “Hazumo Mirai Challenge 2050,” Sumitomo Rubber has set a goal of reducing CO2 emissions throughout the entire supply chain and increasing the ratio of...
Cabot Corporation has acquired a solar power generation facility from Shoko Tsusho. The plant will generate up to 3,500 megawatt hours (MWh) annually, which is equivalent to powering more than 700 average Japanese homes for a year. Located adjacent to Cabot’s carbon black manufacturing facility in Chiba Prefecture, the acquisition increases Cabot’s ability to sell and supply renewable energy from...
Tokai Carbon and Sekisui Chemical have entered into a partnership with the aim of commercializing a technology for manufacturing various carbon materials and products (CCU) using carbon monoxide (CO) produced by a chemical looping reaction technology for highly efficient conversion of carbon dioxide (CO2) to CO and a technology for collecting and storing CO2 as solid carbon (CCS). As climate...
On April 18, Sumitomo Rubber unveiled a tire manufacturing system that utilizes hydrogen energy and is being tested at the company’s Shirakawa Plant in Fukushima Prefecture. The verification experiment has been adopted as a project subsidized by the New Energy and Industrial Technology Development Organization (NEDO). At a press conference held on the same day, Sumitomo Rubber president Satoru Yamamoto...
Nitta has registered to join the 30 by 30 Alliance for Biodiversity, which is working to conserve biodiversity. The alliance was established as a voluntary alliance of the Ministry of the Environment, government, business and NPOs to achieve the 30 by 30 target. 30 by 30 is the G7 2030 Nature Pact agreed at the G7 summit held in the...
Asahi Kasei has established the “Care for Earth” investment facility as a new initiative to achieve carbon neutrality. The company will invest $100 million globally over a five-year period through fiscal 2027 in early-stage startup companies that are working to solve problems in environmental fields such as hydrogen, energy storage, carbon management, and bio-chemicals. Since 2008, the company has been...
