NIPPON KAYAKU is a Japanese company that specializes in the production of organic resins. The company has a long history, having been founded in 1916, and has since grown to become a leading player in the chemical industry. NIPPON KAYAKU operates globally, with a presence in Europe, Asia, and the Americas. The company's main focus is on the development and production of organic resins, which are used in a wide range of industries, including automotive, construction, and electronics.

As a company operating in the chemical industry, NIPPON KAYAKU is acutely aware of the need to decarbonize its operations. The company has taken a number of steps to reduce its carbon footprint, including investing in renewable energy and implementing energy-efficient technologies. NIPPON KAYAKU has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 baseline.

One way in which NIPPON KAYAKU is working towards decarbonization is through the use of corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider, whereby the company agrees to purchase a certain amount of renewable energy over a specified period of time. By entering into a corporate PPA, NIPPON KAYAKU is able to source renewable energy at a fixed price, which can help to reduce its exposure to volatile energy markets.

NIPPON KAYAKU has already signed a number of corporate PPAs, including agreements to purchase wind and solar energy. In 2019, the company signed a 20-year PPA with a wind farm in Texas, which will provide NIPPON KAYAKU with 50,000 MWh of renewable energy per year. The company has also signed a PPA with a solar farm in Japan, which will provide it with 10,000 MWh of renewable energy per year.

In addition to its use of corporate PPAs, NIPPON KAYAKU is also investing in renewable energy projects. The company has a number of solar power plants in Japan, which generate a total of 6,000 kW of renewable energy. NIPPON KAYAKU is also exploring the use of other renewable energy sources, such as biomass and geothermal energy.

NIPPON KAYAKU is committed to reducing its energy consumption and improving its energy efficiency. The company has implemented a number of measures to achieve this, including the installation of energy-efficient lighting and the use of heat recovery systems. NIPPON KAYAKU has also introduced a corporate energy management system, which allows it to monitor and analyze its energy consumption in real-time.

As part of its commitment to decarbonization, NIPPON KAYAKU is also exploring the use of carbon capture and storage (CCS) technologies. CCS is a process by which carbon dioxide is captured from industrial processes and stored underground, preventing it from entering the atmosphere. NIPPON KAYAKU is currently conducting research into the feasibility of CCS for its operations.

In conclusion, NIPPON KAYAKU is a Japanese company that operates in the organic resins sector. The company is committed to decarbonizing its operations and has taken a number of steps to reduce its carbon footprint. NIPPON KAYAKU is using corporate PPAs to source renewable energy and is investing in renewable energy projects. The company is also improving its energy efficiency and exploring the use of CCS technologies. NIPPON KAYAKU's commitment to decarbonization is a positive example for other companies in the chemical industry to follow.