Osaka Gas & Sojitz Concludes Agreement to Provides NG in Vietnam

Source: www.gulfoilandgas.com 3/11/2021, Location: Asia

Sojitz Corporation and Osaka Gas Co., Ltd.’s joint venture company Sojitz Osaka Gas Energy Company Ltd. has concluded a supply agreement on March 4th, 2021 with Acecook Co., Ltd.’s (“ACJ”) subsidiary, Acecook Vietnam Joint Stock Company (“ACV”), to provide natural gas to ACV’s food plants.

SOGEC is concentrating its efforts on fuel switching from coal to natural gas, and this project marks the company’s first time supplying natural gas to an individual business.*˛ This natural gas supply business will be a subsidized project*ł under Japan’s Joint Crediting Mechanism (JCM)*4 scheme. Additionally, this project will be undertaken in cooperation with the governments of Vietnam and Japan.

In partnership with Osaka and Ho Chi Minh City, ACV and SOGEC participated in a feasibility study*5 for reducing CO2 in food plants prior to replacing the coal-fired steam boilers at two of ACV’s plants with highly-efficient gas-fired steam boilers that use natural gas with the objective of improving the plants’ work environment and reducing CO2 emissions.

This business expects to reduce CO2 emissions by approximately 76,300t over a 10-year period. Under the JCM scheme, over half of this reduced CO2 amount will be issued as JCM carbon credits and delivered to the Japanese government, which will help Japan to realize its reduction targets for CO2 emissions.

Sojitz, Daigas Group (an Osaka Gas group brand), and SOGEC will continue to respond to the diverse business needs of its customers through the sale of environmentally-friendly natural gas, contributing to Vietnam’s sustainable development and to the realization of a low-carbon society.


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