NGK to Invests in Green Investment Fund for Carbon Neutrality Project Established by the Ministry of the Environment

Press release -

NGK to Invests in Green Investment Fund for Carbon Neutrality Project Established by the Ministry of the Environment

NGK INSULATORS, LTD. (hereinafter “NGK”) hereby announces that NGK has invested in Japan Green Investment Corp. for Carbon Neutrality (JICN), a public-private fund newly established by the Ministry of the Environment.

JICN is a limited company operating a fund capitalized by fiscal investment and finance from the Japanese government and investments from the private sector. It supplies risk money to projects which contribute to carbon neutrality and advances the creation of opportunities to divert large sums of private ESG funds to investment in carbon neutrality. The amount of investment from the government into this fund is projected to be a maximum total of 20 billion yen in fiscal 2022 and 40 billion yen in fiscal 2023.

The NGK Group has positioned carbon neutrality as one of several social issues that must be addressed in the NGK Group Vision: Road to 2050, its med- to long-term vision, and promotes the development of new businesses in related fields. NGK agreed with the concept of partnering with private financial institutions and private companies in a wide range of industries and business types that enthusiastically work toward carbon neutrality in terms of all-Japan system to achieve its goal and decided to make the investment. Through the investment, NGK will collaborate with companies operating carbon neutrality projects that are the targets of the investment and other parties investing in the fund and aim to accelerate the realization of carbon neutrality.


Outline of Japan Green Investment Corp. for Carbon Neutrality

Company Name : Japan Green Investment Corp. for Carbon Neutrality (JICN)

Address : Toranomon Building 9F, Toranomon 1-1-12, Minato-ku, Tokyo

Establishment : October 28, 2022

Representative : President and CEO Yoshihiko Tayoshi

Business activities : Conducts investment and finance for effective projects that help to realize a carbon neutral society

URL : http://www.jicn.co.jp (Japanese)


Related links

Topics

Categories

About NGK Insulators

NGK INSULATORS (NGK) is a leading company in the field of ceramics.

Since its foundation in 1919, NGK has used its unique ceramic technology to provide numerous ground-breaking products that solve social issues. Today, NGK is active in more than 20 countries worldwide, with business foci including mobility, energy, IoT and industry. As one of the largest manufacturers of ceramic substrates for automotive catalytic converters, NGK has built on this to also develop new products and businesses with ceramics that actively reducing the strain on our global environment.

Furthermore, NGK’s products include the energy storage system “NAS” batteries, in addition to the compact, thin, and high-energy-density lithium-ion rechargeable battery “EnerCera” line, vital tools for sustainable energy infrastructure.

NGK focuses on the two business fields “carbon neutrality” and” digital society” and is aiming to realize 80% of total company sales in these two fields whilst also achieving net-zero CO2emissions by 2050. Through providing innovative, high-quality products, NGK is committed to contributing to our society. In order to create a future where people can coexist with nature, NGK will continue to develop and provide products that support social infrastructure while preserving the environment.

Contacts

Aki Sawafuji

Press contact Corporate Communications Department

Yusuke Inoue

Press contact Corporate Communications Department

Related media

Related content

Ena City, NGK, Ricoh, and IHI to Start Trial Project for Decarbonization and Economic Circulation System ~ Establishing a Scheme to Convert Environmental Value into Credits and Create a Positive Circulation between the Environment and the Economy

Ena City, NGK, Ricoh, and IHI to Start Trial Project for Decarbonization and Economic Circulation System ~ Establishing a Scheme to Convert Environmental Value into Credits and Create a Positive Circulation between the Environment and the Economy

Ena City (Gifu Prefecture; Mayor: Takane Kosaka), NGK INSULATORS, LTD. (hereinafter “NGK”), Ricoh Company, Ltd. (hereinafter “Ricoh”), and IHI Corporation (hereinafter “IHI”) will start a trial project in October 2022 for a decarbonization and economic circulation system. The system will convert the environmental value*1 gained by Ena City through the generation and sales of electricity from the r

NGK and Ricoh to Start Renewable Energy Tracking Trial Project ~ Aiming to secure the environmental value of renewable energy stored in and discharged from storage batteries and build a structure that enable trading

NGK and Ricoh to Start Renewable Energy Tracking Trial Project ~ Aiming to secure the environmental value of renewable energy stored in and discharged from storage batteries and build a structure that enable trading

NGK INSULATORS, LTD. (“NGK”) and Ricoh Company, Ltd. (“Ricoh”) will start a trial project in fiscal 2022 for tracking all processes from renewable energy generation to consumption, including charging and discharging of surplus generated electricity in NAS® batteries for storing electricity. Aiming to build a system that enables environmentally valuable renewable energy to be more easily and secure

CO2 Separation Membrane Developed for Industrial Exhaust Gas ~ Confirmed Approximately Five Times the Separation Factor of DDR-Type Zeolite Membrane

CO2 Separation Membrane Developed for Industrial Exhaust Gas ~ Confirmed Approximately Five Times the Separation Factor of DDR-Type Zeolite Membrane

NGK INSULATORS, LTD. (“NGK”) has developed a carbon dioxide (CO2) separation membrane for industrial exhaust gas. In testing with simulated industrial exhaust gas, the membrane achieved CO2 separation factor approximately five times that of conventionally developed DDR-type zeolite membrane used for CO2 separation. The Company aims to continue with development for further increases in separation p

Kinmen Energy Storage Demonstration Project which uses NAS batteries won Gold Award in SDG7 of Taiwan Sustainable Action Award 2021

Kinmen Energy Storage Demonstration Project which uses NAS batteries won Gold Award in SDG7 of Taiwan Sustainable Action Award 2021

NGK INSULATORS, LTD. (NGK) announce that Kinmen Energy Storage Demonstration Project for which NGK supplied NAS® batteries for power storage won Gold Award in SDG7 of first “Taiwan Sustainable Action Award (TSAA*) 2021” held by Taiwan Institute for Sustainable Energy (TAISE). 
For the reason of award, it was highly appreciated that Taipower showed the best action plan for SDGs7 “Affordable and

NAS batteries start up at BASF’s Antwerp Verbund site - Test various use cases and business models by long-term operations

NAS batteries start up at BASF’s Antwerp Verbund site - Test various use cases and business models by long-term operations

NGK INSULATORS, LTD. (“NGK”) announced that the NAS® batteries, which NGK supplied to German chemical group BASF has started operation at BASF’s Antwerp Verbund site (Belgium).
NAS batteries, which has maximum 1,000kW-dc power and 5,800kWh-dc dischargeable energy and consists of four sets of containerized NAS batteries, were ordered by BASF New Business GmbH (“BNB”), a wholly-owned subsidiary

All Electricity Used at Overseas Bases to Switch to Renewable Energy Sources by Fiscal 2025 - Start Conversion from Main Production Bases in Europe

All Electricity Used at Overseas Bases to Switch to Renewable Energy Sources by Fiscal 2025 - Start Conversion from Main Production Bases in Europe

NGK INSULATORS, LTD. (“NGK”) plans that all electricity used at its overseas bases will be converted to renewable energy sources by the fiscal year ending March 31, 2026. This measure forecasts that approximately 60% of all electricity used by the NGK Group as of the end of fiscal 2025 will derive from renewable energy sources, helping to cut about 330,000 tons of CO2 annually.
The conversion w

DDR-Type Zeolite Membrane

NGK Receives Incentive Award at 20th Green and Sustainable Chemistry Award for Development of CO2 Separation and Recovery Technology Using DDR-Type Zeolite Membranes

NGK INSULATORS, LTD. (hereinafter “NGK”), together with JGC CORPORATION (hereinafter “JGC”), received an Incentive Award at the 20th Green and Sustainable Chemistry Award from the Japan Association for Chemical Innovation. NGK and JGC were highly praised for their development of CO2 separation and recovery technology using DDR-type zeolite membranes.
The GSC Award are given to individuals and o

NGK Introduces Carbon-Neutral City Gas to Reduce CO2 Emissions - All City Gas at Major Aichi Production Bases to be Replaced

NGK Introduces Carbon-Neutral City Gas to Reduce CO2 Emissions - All City Gas at Major Aichi Production Bases to be Replaced

NGK INSULATORS, LTD. (“NGK”) has decided to introduce carbon-neutral city gas supplied by TOHO GAS Co., Ltd. The NGK Group will start using it at four major production bases in Aichi Prefecture in August 2021. This transition to carbon-neutral city gas will help reduce carbon dioxide (CO2) emissions by approximately 30,000 tons annually.
Carbon-neutral city gas uses carbon-neutral liquified nat

NGK's new products for contributing to carbon neutrality and digital society

Road to 2050: NGK contributes to achieving carbon neutrality and digital society with its unique ceramic technologies

NGK INSULATORS, LTD. announced its mid-to long-term vision 'NGK Group Vision: Road to 2050' on April 28, 2021.

Since its foundation in 1919, the NGK Group has provided society with new values centered around ceramics, while possessing an SDGs-like concepts. Still valuing this philosophy, NGK formulated a mid-to long-term vision in April 2021 in order to continue contributing to the resoluti

Installation of Firing Furnace for a Mass Production Demonstration with a View to Actual Implementation of Hydrogen Combustion Firing Furnaces ~ Aiming to Achieve Net Zero CO2 Emissions by 2050 through Introduction at Mass Production Facilities

Installation of Firing Furnace for a Mass Production Demonstration with a View to Actual Implementation of Hydrogen Combustion Firing Furnaces ~ Aiming to Achieve Net Zero CO2 Emissions by 2050 through Introduction at Mass Production Facilities

NGK INSULATORS, LTD. (hereinafter, “NGK”) announces that it has installed a firing furnace developed in-house for a mass production demonstration, with a view to introducing hydrogen combustion firing furnaces for actual use. NGK will develop a hydrogen burner for mass production facilities and work towards introducing it at hydrogen combustion mass production facilities. By implementing firing th

Participation in a NEDO Green Innovation Fund Project ~ Accelerating Development of Microalgae Separation Technology Using Ceramic Membrane ~

Participation in a NEDO Green Innovation Fund Project ~ Accelerating Development of Microalgae Separation Technology Using Ceramic Membrane ~

NGK INSULATORS, LTD. (hereinafter NGK) announces that NGK has participated in the “Building of a Japanese global industry based on direct use of CO2 through photosynthesis,” one of the themes for the New Energy and Industrial Technology Development Organization (NEDO) Green Innovation Fund Projects, for which Chitose Laboratory Corp. (Kawasaki City)*1 of the CHITOSE GROUP*2 selected as the planned

NGK Joins the “RE100” Global Initiative ~ Aiming for 100% Of Electricity Consumption to Come from Renewable Energy Sources by 2040

NGK Joins the “RE100” Global Initiative ~ Aiming for 100% Of Electricity Consumption to Come from Renewable Energy Sources by 2040

NGK INSULATORS, LTD. (hereinafter "NGK") joined “RE100,” a global initiative that aims for 100% of electricity used in business operations to come from renewable energy sources.
The NGK Group identified carbon neutrality as one of the social issues to be addressed in its mid- to long-term vision “NGK Group Vision: Road to 2050” formulated in April 2021. In the “NGK Group Environmental Vision” f

NGK Acquires Certification under the Science Based Targets initiative (SBTi) Net-Zero Standard

NGK Acquires Certification under the Science Based Targets initiative (SBTi) Net-Zero Standard

NGK INSULATORS, LTD. (hereinafter referred to as the “Company”) has acquired certification Science Based Targets initiative (SBTi) *1 under the Net-Zero Standard*2 for its greenhouse gas emissions reduction targets. The Company’s targets for achieving net zero CO2 emissions in 2050 were recognized as being scientifically valid.
In April 2021, the NGK Group established the NGK Group Environmenta

Surprising Ceramics.

NGK Insulators (NGK) is a leading company in the field of ceramics. Since its foundation in 1919, NGK has used its unique ceramic technology to provide numerous ground-breaking products that solve social issues. Today, NGK is active in more than 20 countries worldwide, with business foci including mobility, energy, IT and industry.

As one of the largest manufacturers of ceramic substrates for automotive catalytic converters, NGK is actively reducing the strain on our global environment. Furthermore, NGK’s products include the energy storage system “NAS” battery, in addition to the compact, thin and high-energy-density lithium-ion rechargeable “EnerCera” battery line, vital tools for sustainable energy infrastructure.

Through providing innovative, high-quality products, NGK is committed to contributing to our society. In order to create a future where people can coexist with nature, we will continue to develop and provide products that support social infrastructure while preserving the environment.

NGK INSULATORS

2-56 SUDA-CHO,MIZUHO-KU
4678530 NAGOYA
JAPAN

NGK CORPORATE WEBsite
100th Anniversary WEBsite