Japan's Ministry of the Environment announced Aug 2, 2019, that it has selected four projects including Toyota Motor Corp's introduction of solar power generation (PV) systems to its vehicle/engine factories in Thailand for the "Facility Subsidy Project of the Joint Crediting Mechanism (JCM) Financial Support Project" for fiscal 2019.
The four projects are expected to eliminate about 1.2 million tons of greenhouse gas during the statutory useful life.
In the project of Toyota, the company will install 37W of PV facilities on the roofs of three vehicle factories of Toyota Motor Thailand Co Ltd (TMT, a local subsidiary of Toyota) and an engine factory of Siam Toyota Manufacturing Co Ltd (STM). The three vehicle factories are Samrong Plant, Gateway Plant and Ban Pho Plant.
Electricity generated at each factory will be consumed in house. Combining with the introduction of high-efficiency melting furnaces, Toyota expects to eliminate 19,483t of greenhouse gas per year. The company did not disclose the names of the manufacturers of the solar panels and PV inverters employed for the factories.
In addition to the project of Toyota, the ministry selected (1) Daiichi Jitsugyo Co Ltd's introduction of a biomass boiler to a chemical factory in Vietnam, (2) Nippon Steel Engineering Co Ltd's project to improve the efficiency of the co-generation facilities in a textile factory in Thailand by introducing an exhaust gas heat exchanger and (3) Itochu Corp's project to use biogas fuel for power generation at a pineapple canning plant in the Philippines.
The Facility Subsidy Project of the JCM Financial Support Project is aimed at (1) achieving Japan's goal of the reduction of greenhouse gas through the JCM and (2) spreading infrastructures to foreign countries by promoting the use of advanced low-carbon technologies, etc. It provides a subsidy of up to 1/2 of initial investment. The projects that have thus far been selected for the Facility Subsidy Project are expected to eliminate more than 12 million tons of greenhouse gas in total by 2030.