3 December, 2020
MHI Launches New Strategy to Achieve Carbon Neutrality by 2050
On November 30, Mitsubishi Heavy Industries Ltd. (MHI) announced its Energy Transition project to realize “2050 carbon neutral”—namely, net-zero greenhouse gas emissions by 2050—for the entirety of the MHI group.
The firm sees the project as a growth engine by which sales will increase to JPY300 billion (USD2.9 billion at USD1=JPY104) by fiscal 2030 through the creation of new businesses in the energy and environmental fields.
In an explanatory meeting, Kentaro Hosomi, head of energy systems at MHI, outlined a course of actions under the project for reaching its goal of carbon neutrality by 2050, the first step being to reduce CO2 emissions through the decarbonization of thermal power and nuclear power systems.
Included in that, he said, was the utilization of hydrogen, an effort in which the MHI group is vigorously involved. One possibility, in cooperation with industries overseas, is using high-temperature gas-cooled reactors (HTGRs) to produce hydrogen on a massive scale, stably, and suppl...more
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26 November, 2020
JAIF Releases Results of Fact-finding Survey of Japanese Nuclear Industry for Fiscal 2019: Some Effects Seen of COVID-19
At a press briefing on November 20, the Japan Atomic Industrial Forum (JAIF) released an overview of the results of its most recent annual Fact-finding Survey of the Japanese Nuclear Industry, for the fiscal year 2019 (ended March 31, 2020).
Questionnaires were distributed to companies engaged in the nuclear power field (including JAIF’s member companies), seeking information on their expenditures, sales, and numbers of employees. Valid responses were received from 248 of them (including eleven electric power companies, 226 mining and manufacturing firms, and eleven trading firms).
According to the results, nuclear-related expenditures by electric power companies in FY19 amounted to JPY2,015.5 billion (USD19.4 billion at USD1=JPY104), down 5 percent from the previous year, stemming from substantial reductions in capital investment. Meanwhile, nuclear-related sales by mining and manufacturing companies stood at JPY1,701.7 billion (USD16.4 billion), rising 6 percent, and nuclear-related backlogs came to JPY2,172.4 billion (US...more
