Shin Etsu Chemical : We have established a new interim target for reducing greenhouse gas emissions

About this update from Shin-etsu Chemical Co Ltd

[{"type":"text","content":"\n \n Our KPI is to increase both revenue and profit each fiscal year. To that end, each of our businesses has been working to expand sales by capturing growth in demand and augmenting production capacity to make that possible. In these investments to augment production capacity, it is our policy to always introduce the latest cutting-edge technology and to maximize productivity and energy efficiency to the utmost.\n \n \n A prime example of this is Shintech, Inc. (USA), which continues to build and expand its polyvinyl chloride (PVC) resin manufacturing plants. Global demand for PVC resin has increased by approximately 20% over the past decade, and solid demand growth is expected in the future, mainly for housing and infrastructure. The final products made from PVC excel in insulation and durability, thus contributing to the reduction of greenhouse gas emissions themselves. However, looking at our currently available PVC production technologies from the perspectives of productivity, environmental impact, safety, and economic viability, it is possible to improve production efficiency in terms of production intensity, but it is not possible to reduce greenhouse gas emissions to zero.\n \n \n By steadily capturing the ever-increasing global demand for PVC, Shintech has been able to expand its business and make numerous large-scale facility upgrades. Currently, PVC produced using outdated technologies like the carbide method accounts for 30% to 40% of the world's total. The outdated technology emits more than five times the amount of CO2 compared to Shintech's state-of-the-art technology. Shintech's ability to capture the ever-expanding demand for PVC with its state-of-the-art technology is helping to reduce global CO2 emissions.\n ","length":1975,"tagName":"div"}]

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