JCM Credit issuance in Indonesia

Tokyo, Japan - January 30, 2020

In March 2019, Yokogawa completed a demonstration project for the Optimization of the Operation Control of Oil Refining Plants in Indonesia. The New Energy and Industrial Technology Development Organization (NEDO) awarded this project to Yokogawa in 2013.

In this project, Yokogawa introduced its Platform for Advanced Control and Estimation, an advanced process control solution. Without any further modifications to refinery facilities, this solution reduced fossil fuel consumption and achieved a 2,734 ton per year reduction in CO2 emissions at these plants. Credit for this CO2 reduction was issued under a Joint Crediting Mechanism (JCM*) that the Japanese government initiated.

Through the JCM and the use of the technologies such as the Yokogawa system for multi-variable control and quality estimation that was implemented with this project, contributions are being made toward the Nationally Determined Contribution (NDC) goals of nations under the Paris Agreement. Through such undertakings, Yokogawa is accelerating its efforts to achieve sustainability goals (the "Three goals") that it drew up based on environmental, economic, and societal considerations, which includes combating global warming.

*The JCM offers a framework whereby the reduction of greenhouse gas emissions in partner countries through the transfer of Japanese low-carbon technologies and products is credited toward Japan's greenhouse gas emission reduction goals. Japan's Ministry of Foreign Affairs, Ministry of Economy, Trade and Industry, and Ministry of the Environment continue to hold bilateral meetings with countries that wish to consider participation in the JCM.

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.

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