Major Japanese firms team up to collect waste cooking oil for sustainable aviation fuel
7:00 JST, November 19, 2022
Major real estate firm Mitsubishi Estate Co. and plant operator JGC Holdings Corp. have reached a basic agreement to cooperate in the collection of waste cooking oil for use in producing sustainable aviation fuel (SAF), which has been touted as a means to significantly reduce carbon dioxide emissions, it has been learned.
With the government setting a goal of having domestic production of SAF start by fiscal 2025, it marks an example of how the private sector is also moving into full-scale production and utilization of SAF.
SAF is made from a variety of natural sources, including used cooking oil, household garbage and algae. It is said to reduce CO2 emissions by 60% to 80% compared to jet fuel derived from crude oil. SAF is mixed in with regular jet fuel to produce the final product.
SAF is regarded as a game changer in the effort to decarbonize the aviation sector, but faces the challenge of securing sufficient amounts of waste cooking oil for use as a raw material.
Starting in March 2023, Mitsubishi Estate will serve as an intermediary between restaurants that occupy properties it owns and businesses that collect the used oil. It will then arrange to have the the accumulated oil provided to an SAF plant that JGC Holdings plans to start operating as early as fiscal 2024.
Mitsubishi Estate owns 23 buildings in the Marunouchi area around JR Tokyo Station, and waste cooking oil from the about 350 restaurants and company cafeterias in the properties amounts to about 150 tons per year.
That amount can be refined into about 130 kiloliters of SAF. If this is added to a mixture to reduce the use of regular jet fuel by 10%, it would be enough to fuel 105 round-trips between Tokyo and Osaka.
Mitsubishi Estate plans to expand the scope of the project nationwide from fiscal 2023, even collecting used oil from 10 airports that it has a hand in operating, including Shizuoka Airport and New Chitose Airport in Hokkaido.
The government has established a council of public and private entities, including airlines and oil companies, with the aim of achieving domestic production of SAF. Its set objective is to have SAF account for 10% of domestic airline fuel by 2030.
"Business" POPULAR ARTICLE
-
G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
-
Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
-
Major Start-Up Support Center Station Ai Opens in Nagoya; ¥15.3 Bil. Facility Built to Bring Together Emerging Companies
-
Japan’s Major Carmakers to Review Production Bases After Trump Win; Mexico Manufactured Vehicles Could be Hit by Tariffs
-
Japan’s Sumitomo Mitsui Offers New Hires Sure Path to U.S., U.K. Branches, with 40% of Bank Revenue Already Coming from Abroad
JN ACCESS RANKING
- Streaming Services Boost Anime Popularity Overseas; Former ‘Geeky’ Interest More Beloved Among Gen Z than 3 Major U.S. Sports
- G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
- Malaysia Growing in Popularity as Destination for Studying Abroad; British-style Education Available at Low Cost
- ‘Women Over 30 Would Have Uteruses Removed’; Remarks of CPJ Leader, Novelist Naoki Hyakuta Get Wide Attention
- Typhoon Kong-rey to Reach South of Japan’s Okinawa on Thursday; JWA Urges High Alert for Strong Winds, Heavy Rain