Toyo Engineering Corp. (TYO:6330) is looking to move forward with the commercial implementation of next-gen technologies that will help to reduce CO2 emissions. The company intends to focus here on three key fields: sustainable aviation fuel (SAF), the CO2 recycling value chain and the CO2-free ammonia value chain. Plans are to implement these technologies commercially sometime between 2025 and 2030.
In the field of SAF development, Toyo Engineering is involved in a biojet fuel production technology development project initiated by the New Energy and Industrial Technology Development Organization (NEDO). This is seeing the company use a demonstration facility to test the production of liquid fuel from woody biomass.
Then as a separate SAF project, the end of last year saw Toyo Engineering start to look at a business model for manufacturing SAF from the CO2 contained in exhaust gas – this being positioned as the next step in biojet fuel technology. The company’s contribution to both projects is centered on Fischer–Tropsch synthesis process technology, which it will look at also applying to diesel fuel and basic chemicals in the future.
As for the CO2 recycling value chain, Toyo Engineering is planning to develop a green methanol process. Technology here uses the company’s proprietary methanol synthesis reactor to synthesize methanol directly from exhaust gas CO2 and green hydrogen.
Elsewhere, hopes are high for the full-scale introduction of ammonia fuel, which does not emit CO2 when combusted. Toyo Engineering has already built 85 ammonia plants – making the company one of the world’s top contractors here, with a 15 percent share of the market. December 2020 saw the company embark on a feasibility study for transporting ammonia from Siberia to Japan, envisaging a blue ammonia value chain in combination with carbon capture and storage (CCS).