Tokyo Gas Co. and
Isuzu Motors Ltd. on Tuesday formed an alliance to promote so-called carbon-neutral liquefied natural gas as a step to offset climate change-causing emissions.
The launch came as
Japan has pledged to bring its carbon dioxide emissions to net zero by 2050 and companies explore ways to meet the goal. Even if we aim to realize a hydrogen-based or net zero (carbon) society, CO2 emissions are increasing even now,
Tokyo Gas Executive Vice President Kunio Nohata said at a joint press conference in
Tokyo with other executives of the companies.
Carbon-neutral LNG involves energy suppliers engaging in green projects such as reforestation to offset CO2 emissions produced in the process of gas extraction, liquefaction, transport and actual use.
Japanese Firms Form Carbon Neutral LNG Buyers Club
Mar 9, 2021 6:35:am
Summary Tokyo Gas said that the alliance was established with the aim of spreading the use of carbon neutral LNG and increasing its utility value.
by: Shardul Sharma
Posted in:
Japanese Firms Form Carbon Neutral LNG Buyers Club
A group of 15 Japanese entities has established the Carbon Neutral LNG (CNL) buyers alliance, one of its members Tokyo Gas said on March 9.
The alliance comprises Tokyo Gas, Asahi Group Holdings, Isuzu Motors, Olympus Corp, Sakai Chemical Industry Co., Duskin Co., Tamagawa Academy & University, Toshiba Corporation, Toho Titanium Co., New Otani Co., Marunouchi Heat Supply Co., Sumitomo Mitsui Trust Bank, Mitsubishi Estate Co., Yakult Honsha Co. and Lumine Co.