Shin-Etsu Chemical Co., Ltd. (Head Office: Tokyo; President: Yasuhiko Saitoh; hereinafter, “Shin-Etsu Chemical”) will receive renewable energy from a biomass cogeneration system in its silicone business in Rayong Province, Thailand, from NS-OG Energy Solutions (Thailand) Ltd. (President: Tatsuya Kinoshita; hereinafter, “NSET”), a joint venture between Nippon Steel Engineering Co., Ltd. (Representative Director and President: Yukito Ishiwa; Head Office: Tokyo; hereinafter, “NSE”) and Osaka Gas Co., Ltd. (Representative Director and President: Masataka Fujiwara; Head Office: Osaka; hereinafter, “OG”).
The three Shin-Etsu Chemical Group companies that will begin receiving the energy are Shin-Etsu Silicones (Thailand) Limited (hereinafter, “SEST”), Asia Silicones Monomer Limited (hereinafter, “ASM”), and Shin-Etsu New Materials (Thailand) Limited (hereinafter, “SENT”), which are engaged in the silicone business.

NSET’s renewable energy supply business is an initiative selected by the Ministry of the Environment’s “Financing Programme for Joint Crediting Mechanism (JCM) Model Projects”*¹ in FY2024. NSET will install and manage the operation of the relevant facility at the SEST site and supply all the renewable energy (electricity and steam) produced using Thai wood chips as fuel to the three companies (hereinafter, “the three companies”) of SEST, ASM, and SENT.
The new energy sourced through this initiative will cover a portion of the energy used by the three companies. This initiative is expected to reduce the combined greenhouse gas emissions of the three companies by approximately 48,000 tons per year.

The Shin-Etsu Chemical Group will contribute to achieving a sustainable society by continuing to focus on the development and stable supply of its products while implementing eco-friendly initiatives such as reducing greenhouse gas emissions.

*¹ In that Programme, JCM model projects aim to reduce greenhouse gas emissions by utilizing leading decarbonization technologies in developing countries and other such regions while implementing Measurement, Reporting, and Verification (MRV) of these reductions. The goal is to help achieve greenhouse gas emission reduction targets in Japan and partner countries through the JCM while also reducing emissions in developing countries and other such regions. Model projects receive subsidies covering up to half of the initial investment costs for leading decarbonization technologies. The Programme is being implemented in collaboration with the Thai and Japanese governments.