Growing demand for industrial LP gas as an energy-efficient, distributed energy source
First written in FY2022. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「We will actively promote the conversion of fuels such as A heavy oil used for in-house consumption by companies to LP gas, thereby pursuing energy savings and CO2 reductions.」
In addition to the conventional value proposition of industrial LP gas in terms of energy savings and a low environmental impact, the Company identified fuel conversion from A heavy oil and other fuels to LP gas as a specific measure to promote adoption. - FY2022First statedAnnual report
「Industrial LP gas in particular is more energy-efficient than other energy sources, has a lower environmental impact and has considerable room for demand growth as a heat source capable of helping to reduce peak electricity demand. In addition, as a distributed energy source capable of operating independently, it enabled early recovery following major disasters. Because a certain amount can also be stored, particularly through bulk supply, we believe it can contribute to the safety and security of local communities as a last line of defense for energy supply not only in normal times but also during emergencies.」
The Company explains the scope for demand growth in industrial LP gas by highlighting its value in normal times through energy savings, a low environmental impact and peak electricity demand reduction, as well as its value during disasters as a distributed energy source and storable supply source.