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Cement plants are found all across Japan. The cement industry in Japan is predicted to have made modest progress, and while severe decreases are unlikely in the future, development potential is limited.
As a result, the industry is aiming to ensure its long-term viability by raising prices, expanding companies outside of key cement segments, and speeding up its decarbonization efforts.
The Japan Cement Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Taiheiyo Cement Corporation is working on a project to Design and Demonstrate Technology for CO2 Capture During the Cement Manufacturing Process, which has been approved as a Green Innovation Funding Project by Japan’s New Energy and Industrial Technology Development Organization (NEDO).
The Minister’s Award, given by the Ministry of Economy, Trade and Industry for contributions to industrial decarbonization, was given to Mitsubishi Heavy Industries Engineering for the development and commercialization of its CO2 capture system. Customers in the cement sector have benefited from Mitsubishi Heavy Industries Engineering’s assistance in deploying the system.
The Green Innovation Funding Programme of the New Energy and Industrial Technology Development Organization (NEDO) has also awarded the CP Concrete Consortium funding.
Mitsubishi Heavy Industries Engineering and Tokuyama Corporation have signed a memorandum of understanding. MHIENG will establish a carbon capture demonstration plant at the producer’s 4.7Mt/yr Nanyo plant in Yamaguchi Prefecture as part of the arrangement.
Sumitomo Osaka Cement has used an internal carbon price mechanism for capital investments. Its goal is to provide financial incentives for emission reductions and to encourage low-carbon investment.
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