NYK Group Companies recognized at 13th Environmental Management Conference

TOKYO: In the NYK’s 13th Environmental Management Conference in Tokyo, two companies were recognized for their improvement of company value on November 25. The two — Nippon Yuka Kogyo Co. Ltd. and MTI Co. Ltd.— were selected from among 39 domestic NYK Group companies.

NYK holds this conference once a year with NYK Group companies to share information on environmental practices and strengthen environmental management. The two recognized group companies were highly commended for connecting their environmental measures to their business activities. Details of the measures are provided below.

Nippon Yuka Kogyo Co. Ltd.

Activity: Developed Yunic 800VLS, a new fuel-oil additive.

Details: A low-sulphur compliant fuel-oil that meets the 2020 SOx cap and disperses asphaltene and paraffin (wax), which can foul the fuel tank. Japan’s first additive for very low sulfur fuel oil can suppress sludge formation and contribute to reducing environmantal loads as well as fostering safe operation.

MTI Co. Ltd.

Activity: Installed MT-FAST, a fuel-saving device jointly developed with Tsuneishi Shipbuilding Company, on 500 vessels.

Details: MT-FAST is a multi-blade device that can be attached to a ship’s hull to improve the propeller's propulsion efficiency.

The conference participants were also captivated by a presentation by Yukihiro Misawa of the World Wide Fund for Nature Japan (WWF Japan) who spoke about plastic pollution at sea.

On the opportunity of this presentation, NYK decided to donate to WWF Japan to support its efforts to address climate change and plastic pollution at sea.

NYK will continue to enhance its activities to reduce the environmental impact of the entire NYK Group, and will make an effort to achieve the medium- to long-term environmental targets for to the sustainable development of society and enrichment of the group’s corporate value.