Nippon Yusen Kabushiki Kaisha : Idemitsu and NYK Group Agree on Partnership to Enhance Boiler Combustion- Improves Fuel Efficiency and CO2 Emissions -
November 07, 2016 at 01:09 am EST
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November 7, 2016
Idemitsu Kosan Co., Ltd.
NYK Trading Corporation
NYK Line
Scene of the Signing ceremony
Left : NYK Line Corporate Officer
Keiji Tsuchiya
Center : Idemitsu Kosan Co., Ltd.
Executive Officer & General Manager,
Coal Business Department
Eiji Hagiwara
Right : NYK Trading Corporation President
Hidenori Hono
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.
Appearance of ULTY
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.
*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,
Heavy oil/By product fuel Fired
*Installed Record: Around 50 to mainly customers in Japan (as of 7, Nov, 2016)
*Fuel Reduction Ratio: Around 1.0% (as of Nov. 7, 2016)
The news on this website is as of the date announced and may change without notice.
Nippon Yusen KK published this content on 07 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2016 06:09:10 UTC.
Original documenthttp://www.nyk.com/english/release/4208/004515.html
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Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world's largest transport and logistics services providers. Net sales break down by activity as follows:
- bulk sea transport (42.7%): dry bulk, vehicles, oil products transport, etc.;
- containers sea transport (37.1%). The group also develops a containers terminals operation activity;
- logistics services (8.2%): storage, warehousing, delivery services, etc.;
- freight air transport (7.8%);
- other (4.2%): primarily real estate management, ships maintenance and repair.
At the end of March 2022, the group had a fleet of 658 vessels.