March 29, 2021
MITSUBISHI GAS CHEMICAL COMPANY, INC.

MGC Sets Long-Term Greenhouse Gas Emission Reduction Targets
Mitsubishi Gas Chemical Company, Inc. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Masashi Fujii)
has set the following long-term greenhouse gas (GHG) emission reduction targets1 in the aim of achievingcarbon neutrality by 2050.
2023 target: 28% reduction from FY13 baseline
2030 target: 36% reduction from FY13 baseline
2050 target: carbon neutrality
Last year, MGC set CSR priorities through a materiality assessment process, guided by its Group Vision of“Creating value to share with society” (https://www.mgc.co.jp/eng/csr/materiality.html). Several of the priorities
address climate change. One is to solve energy challenges and mitigate climate change. Another is toproactively respond to environmental problems. MGC is committed to climate change mitigation as a key
management priority.
MGC has formulated a GHG reduction roadmap toward its ultimate goal of carbon neutrality by 2050
(Figure 1). In FY13, the roadmap’s base year, MGC’s GHG emissions totaled 1,110kt of CO2 equivalent. By
FY19, MGC had reduced its GHG emissions by a cumulative 23% by reconfiguring its business portfolio andimproving its energy efficiency. While continuing to work on these initiatives, MGC will forge ahead withconcrete steps to reduce CO2 emissions, including migration to transitional/renewable energy sources anddeployment of carbon-free energy systems and CCUS2 in pursuit of a minimum 36% reduction in GHG
emissions by 2030 and carbon neutrality by 2050. In the process, MGC will capitalize on its unique strengths
in energy, methanol and ammonia businesses, leverage its R&D capabilities and foster cross-organizational
collaboration as outlined in Figure 1.

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MGC’s Roadmap toward its Ultimate Goal of Carbon Neutrality by 2050
2013～2019Scope

2020～2023

2024～2030●Improve energy efficiency (16kt)

1

Main initiatives●Improve energy efficiency●Reconfigure business portfolio(258kt in total)●Stop using haevy oil (13kt)●Deploy new energy systems/CCUS, switch feedstocks (R&D/collaboration) (610kt in total)●Source 10% of energy fromrenewables (14kt)●Use transitional energy (10kt)－2

Businesses &technologiesFukushima Gas Power Co.'s
gas power plant

1200

Yuzaw a Geothermal Power
Corp'sWasabizawa Geothermal PowerPlant

258●Source 50% of energy fromrenewables (55kt)

Green methanol
pilot plant

23% reduction
28% reduction

1000
CO2 emissions (kt/yr)●Improve energy efficiency(40kt)●Reconfigure business portfolio(CO2 reduction)

394

1107

849

400

Collaboration

36% reduction

308800600●Improve energy efficency(28kt)

2031～2050

799

714

Carbonneutralby 2050

●Source 100% of energy fromrenewables (69kt)

Feedstock switching

45% reduction502

55% reduction20061002013

2019

baseline

actual2023

2030

2050

Figure1: MGC’s Roadmap toward its Ultimate Goal of Carbon Neutrality by 2050

Additionally, MGC plans to supply society with carbon-neutral and other environmentally constructive
products manufactured in carbon-neutral plants equipped with green energy systems in accord with its visionof a carbon-neutral world by 2050 (Figure 2). By doing so, MGC will create societally beneficial value in theform of climate change mitigation on a global scale.

2Figure2: MGC’s Vision of Carbon-Neutral World Circa 2050
1. The long-term emission reduction targets apply to MGC’s Scope 1 and 2 emissions on a nonconsolidated basis. Scope 1emissions are GHGs emitted directly by MGC. Scope 2 emissions are GHGs emitted indirectly through use of externallysourced energy (mainly electric power). MGC quantifies GHG emissions in compliance with the ISO 14064 international
standard.
2. CCUS: CO2 capture, utilization and storage; involves technologies to both capture/store CO2 and use stored CO2 as, e.g.,a chemical feedstock.

END

Public Relations Department
Administrative & Personnel Division
MITSUBISHI GAS CHEMICAL COMPANY, INC.
TEL: +81-3-3283-5040 https://www.mgc.co.jp/eng/

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