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    8015   JP3635000007

TOYOTA TSUSHO CORPORATION

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Delayed Japan Exchange  -  11:37 2022-08-11 pm EDT
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Toyota Tsusho : "Study toward development of a regional low carbon hydrogen model based on waste plastic gasification recycling in urban areas" selected by NEDO as commissioned project

01/20/2022 | 09:12pm EDT
"Study toward development of a regional low carbon hydrogen model based on waste plastic gasification recycling in urban areas" selected by NEDO as commissioned project 2022-01-21

A proposal titled "Study toward development of a regional low carbon hydrogen model based on waste plastic gasification recycling in urban areas" ("Study" hereinafter) by three companies--Iwatani Corporation ("Iwatani" hereinafter, President: Hiroshi Majima), Toyota Tsusho Corporation ("Toyota Tsusho" hereinafter, President: Ichiro Kashitani), and JGC Holdings Corporation ("JGC Holdings" hereinafter, Chairman and CEO: Masayuki Sato)--has been selected for the Technology Development Project for Building a Hydrogen-based Society/Technology Development for Hydrogen Utilization in the Community/Study of Potential for Hydrogen Production and Utilization commissioned project of the New Energy and Industrial Technology Development Organization (NEDO).

Recognizing the importance of supplying domestically sourced hydrogen to achieve the Japanese government's goal of carbon neutrality by 2050, this Study will consider the development of a supply chain of hydrogen produced by waste plastic gasification. There are growing demands to recycle plastics, as reflected by the passage of the Act on Promotion of Resource Circulation for Plastics in June 2021 (new law). The approach to chemical recycling by gasification to decompose plastics at the molecular level explored in this Study is expected to help raise recycling rates, thanks to its compatibility even with plastics comprising mixed materials or containing impurities that are typically ill-suited to material recycling*1 and monomer recovery by chemical recycling*2.

The proposed approach would rapidly establish a stable and low cost supply of low carbon hydrogen using waste plastics discharged from factories, households, and other sources in urban areas. The Study seeks to promote use of hydrogen in areas such as power plants, which face a pressing need to reduce CO2 emissions, various mobility services, and port facilities, and to contribute to decarbonization and promotion of resource recycling across a wide range of fields through hydrogen supply.

Implementation period
FY2021-2022
Implementation structure
Lead contractor
Iwatani Corporation
Contractors
Toyota Tsusho Corporation
JGC Holdings Corporation
Main roles
Iwatani
Overall coordination, user research, study of transport methods, supply chain model assessments
Toyota Tsusho
Study of waste plastic recovery, user research, supply chain model assessments
JGC Holdings
Study of waste plastic recovery, study of hydrogen production through gasification of plastics, supply chain model assessments
Study specifics Study of the potential for hydrogen production through gasification of waste plastics and models for community utilization in Aichi and Fukuoka prefectures




Ÿ
Study of potential for hydrogen production

・ Study of potential for waste plastic recovery
Study of potential for hydrogen production through gasification of plastics

Ÿ Study of potential for hydrogen utilization
User research
Study of transport methods

Ÿ Study of comprehensive systems for hydrogen utilization
Supply chain model assessments

We aim for early commercialization based on Study results.

*1Method for recycling waste plastics though processing such as melting and molding while maintaining their molecular structures

*2Method for recycling waste plastics by decomposing them into single molecular compounds (monomers), then polymerizing monomers thus obtained after removing impurities and refining

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Toyota Tsusho Corporation published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 02:11:03 UTC.


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Sales 2023 8 455 B 63 689 M 63 689 M
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P/E ratio 2023 7,39x
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