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Idemitsu Kosan Co. Ltd. (head office: Chiyoda-ku, Tokyo; representative director and CEO: Takashi Tsukioka), NYK Trading Corporation (head office: Minato-ku, Tokyo; president and representative director: Hidenori Hono), and NYK Line (head office: Chiyoda-ku, Tokyo; president: Tadaaki Naito) are pleased to announce that we have executed a joint development agreement for a new model of ULTY that integrates NYK Trading???s optimization system for coal boilers with Idemitsu???s highly efficiency combustion technique.
Fluctuations in fuel supply often cause boilers used in power plants and factories to operate in an unstable manner. ULTY is a system that can optimize the combustion control of boilers and resultantly reduce fuel consumption through stable plant operation. Until now, the marketing of ULTY had been managed by NYK Trading, and the main targets had mostly been customers in Japan. Considering the surge in the construction of new coal fired power plants in Asian countries, NYK Trading and NYK Line have agreed to team with Idemitsu, which engages in the coal sales and the introduction of high efficiency combustion technique, to jointly develop a new model of ULTY by adding to the current model a highly efficiency combustion technique that makes use of IoT technologies.
COP21 was held in Paris in November and December of last year, resulting in greater environmental consciousness around the world as more efficient use of fossil fuels is demanded. ULTY is an energy-saving technology that meets the needs of our times. By promoting energy-savings through the introduction of ULTY in coal fired power plants, we will contribute to the prevention of global warming and the realization of a sustainable society.
Outline of ULTY
???Optimization system for coal boilers
???Target facility: Drum Type Boiler, Circulating Fluidized Bed Boiler
???Target Fuels: Coal Fired, Coal/Biomass Fired, Coal/Byproduct fuel Fired and Heavy oil/By product fuel Fired
???Installed Record: Around 50 mainly to customers in Japan (as of 7, Nov, 2016)
???Fuel Reduction Ratio: Around 1.0% (as of Nov. 7, 2016 )
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NYK has been selected for the Dow Jones Sustainability Indices (DJSI)* for a 14th straight year.
The DJSI, which is a major global index for companies engaging in socially responsible investment (SRI),** is composed of select sustainability-driven companies from about 3,450 world-wide companies invited to participate in a selection process consisting of an in-depth analysis of economic, environmental, and social criteria, such as corporate governance, risk management, water-related risks, and stakeholder relations.
As well as the FTSE4Good Index for which NYK was also selected for a 14th straight year in June this year, the DJSI is an important selection standard for investors who value corporate social responsibility and sustainability.
NYK, as a good corporate citizen, will continue to take an active role in social issues to contribute to the achievement of a better global society.
* Dow Jones Sustainability Indices (DJSI): The results of the annual DJSI review are announced jointly by S&P Dow Jones Indices LLC, the world's largest global resource for index-based concepts, data, and research, and RobecoSAM, a Switzerland-based company that conducts assessments of corporate sustainability.
** Socially Responsible Investment (SRI): investment based on not only a company???s economic performance but also its environmental measures, compliance with laws, and other corporate social responsibility factors as evaluation criteria.
Reference: The NYK Group???s CSR activities
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On August 23 and 24, nine elementary and junior high school teachers from the Tokyo Metropolitan Board of Education participated in an NYK program for teachers to promote their understanding of corporate activities.
This training program was held during the schools??? summer vacation to deepen the teachers??? understanding of human resources development and environmental measures, some of which could be used in future school management. This is the 22nd year for NYK to provide this program, which was arranged in cooperation with the Japan Institute for Social and Economic Affairs.
The program included lectures about the NYK Group???s business and environmental measures. In addition, the participants stopped by Japan Marine Science Inc., an NYK Group company, to experience its ship-handling simulator, and also visited the NYK Maritime Museum, the museum-ship Hikawa Maru, and Oi Port Container Terminal.
Some feedback received from participants included the following:
--"I felt closer to the shipping industry, which is supporting our daily life.???
--???I enjoyed learning about jobs that we are not so familiar of.???
--???If students experience this, they will like the sea and ships more.???
NYK, as a good corporate citizen, will continue to provide programs that contribute to our society.
