A joint venture between Japan’s Sojitz Corporation and Osaka Gas on March 4 signed a gas supply agreement in Vietnam, Osaka Gas said on March 10.  

Sojitz Osaka Gas Energy Company (Sogec) will supply gas to Acecook Vietnam Joint Stock Company’s food plants. This is the first time that the joint venture will be supplying natural gas to an individual business, Osaka Gas said. This natural gas supply business will be subsidised by Japan’s Joint Crediting Mechanism (JCM) scheme. JCM model projects utilise low-carbon and decarbonisation technologies to lower green house gas emissions in developing countries.

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Acebook and Sogec participated in a feasibility study for reducing CO2 in food plants prior to replacing the coal-fired steam boilers at two of Acebook’s plants with gas-fired steam boilers with the objective of improving the plants’ work environment and reducing CO2 emissions. 

According to Osaka Gas, Acebook expects to reduce CO2 emissions by approximately 76,300 metric tons 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 realise its reduction targets for CO2 emissions.