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Tuesday, 16 April 2019, 11:00 HKT/SGT
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Source: Showa Denko K.K.
SDK Group Starts Mass Production of Liquefied Carbon Dioxide in Oita Petrochemical Complex

TOKYO, Apr 16, 2019 - (JCN Newswire) - Showa Denko Gas Products Co., Ltd. (SGP), a consolidated subsidiary of Showa Denko (SDK; TSE:4004), has established a new plant to produce liquefied carbon dioxide (CO2) in its Oita Plant located in the premise of SDK's Oita Petrochemical Complex, and started shipment of products.

Liquefied carbon dioxide and dry ice (solidified CO2) are used in many fields including beverage, food, and other manufacturing industries. Liquefied carbon dioxide is made from CO2 gas contained in by-product gas generated in the processes of oil-refining, steel-making and ammonia production. However, the scaling back of oil-refining and ammonia production processes in Japan has been resulting in reduction in supply of by-product gas used to produce raw CO2 gas. Thus a tight supply-demand situation for liquefied carbon dioxide and dry ice is chronic.

SGP had been producing liquefied carbon dioxide and dry ice at multiple production bases including Kawasaki Plant, which functions as the main base, and Yokkaichi Plant. Start-up of Oita Plant has given SGP an additional capacity to produce 15,000 tons of liquefied carbon dioxide per year. Under tight supply-demand situation concerning liquefied carbon dioxide and dry ice, SGP had been maintaining stable supply of CO2 products to customers throughout Japan by means of long distance transportation and the imports of dry ice. The start-up of Oita Plant enabled SGP to reinforce its system to supply CO2 products in a stable manner.

As a result of the establishment of the new facility, SGP has become the 12th member company to form the community of SDK's Oita Petrochemical Complex. SGP's project to establish Oita Plant has been acknowledged by relevant organizations that it is eligible for the "Program to subsidize establishment of corporate bases in Oita City" sponsored by Oita City and the "Program to promote establishment of corporate bases that can lead growth of regional economies" sponsored by the Ministry of Economy, Trade and Industry (METI) under the provision of Regional Future Investment Promotion Act. The Showa Denko Group will maintain steady operation of the new facility and stable supply of safe products to customers in the region, and contribute to the growth of the regional economy.


About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY), a major manufacturer of chemical products, serves a wide range of fields from heavy industry to electronics and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, and the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory and graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

Contact:
Showa Denko K.K., Public Relations Office, Tel: 81-3-5470-3235


Apr 16, 2019 11:00 HKT/SGT
Source: Showa Denko K.K.

Showa Denko K.K. (TSE: 4004)

Topic: Press release summary
Sectors: Energy
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