Azbil Corporation Selected for Fiscal 2012 Feasibility Study for Bilateral Offset Credit Mechanism
TOKYO, May 10, 2012 – Azbil Corporation announces that its application for a feasibility study for the Bilateral Offset Credit Mechanism (BOCM) project for fiscal 2012 was selected by the project sponsor, Japan’s Ministry of Economy, Trade and Industry (METI), on April 26. The title of Azbil’s study is “Development of a project scheme for dissemination of “optimized operation of utilities” technology in Indonesia” (hereinafter, “study”).
Azbil’s technology for optimized operation of utility facilities has produced good results in Japan. This study proposes utilizing this domestic-proven technology in medium and high energy-consuming plants in Indonesia, investigating and evaluating the decreased amount of CO2 emissions and its economic efficiency, and evaluating data measurement and calculation methods for assessing the reduction of CO2 emissions. Activities to disseminate this technology in Indonesia will be carried out until March 2013.
Azbil’s technology for optimized operations of utility facilities is an energy-saving technology with a proven track record in Japan. It conserves energy in energy-supply facilities, such as high energy-consuming plants and district heating/cooling plants, by eliminating waste in energy supply and preferentially using high energy-efficient equipment through guidance and automated control. Compared to conserving energy through the introduction of new equipment or renewal of facilities, this technology can be deployed in minimum time and with minimum initial investment and can realize a sizeable reduction of CO2 emissions in relation to investment. The plants in Japan that have adopted this technology have achieved a 2% to 7% cut in total energy consumption.
Using the findings obtained from this study, Azbil aims to contribute to conserving energy and reducing CO2 emissions of large energy-consuming plants and facilities in Indonesia and other Asian countries.
Guided by the Group philosophy of “human-centered automation,” Azbil continues to realize safety, comfort and fulfillment for customers in Japan and overseas and contribute to global environmental preservation.
Japan is aiming at the establishment of a new framework, called the Bilateral Offsetting Credit Mechanism (BOCM), for appropriately evaluating the decreased amount of greenhouse gas emissions through actions, such as dissemination of low-carbon technology, including electricity saving technology, new energy technology and coal-fired power, that have not been fully evaluated yet under the current Clean Development Mechanism (CDM), as a part of Japan’s actions to positively promote such dissemination of low-carbon technology or products, in which Japan exercises global leadership, and to facilitate conducting global warming countermeasures on a global level.
Applications submitted (under its former name of Yamatake Corporation) to previous BOCM feasibility study projects in fiscal 2010 (sponsored by METI) and fiscal 2011 (sponsored by The New Energy and Industrial Technology Development Organization) were also selected. For these projects, Azbil introduced its technology for optimized operation of utility facilities in large energy-consuming plants in Indonesia, investigated and evaluated its energy efficiency, and developed calculation methods for assessing the reduction of CO2 emissions. Issues regarding CDM applications were also examined