Press release
- TBM
- LIMEX
TBM forms business partnership with BuyWill, which promotes the creation and distribution of "carbon credits" to achieve carbon neutrality
~ Aiming to create new environmental and economic value through collaboration between startups in the GX sector ~
TBM Corporation (Head Office: Chiyoda-ku, Tokyo; CEO: Nobuyoshi Yamasaki; hereinafter referred to as "TBM"), which is engaged in the development of environmentally friendly new materials and material circulation business, and ByWill Corporation (Head Office: Chuo-ku, Tokyo; CEO: Yuichiro Shimomura; hereinafter referred to as "ByWill"), which aims to achieve carbon neutrality in all 47 prefectures of Japan, will collaborate to promote business aimed at achieving carbon neutrality and promoting awareness of the circular economy. Utilizing the know-how and services related to the "circulation of environmental value and economic value" that both parties have cultivated through their businesses, the two companies will collaborate on efforts that contribute to the revitalization of the carbon credit market and material circulation market.
■ Background
TBM is working on the domestic and international spread of LIMEX, an environmentally friendly new material made primarily from mineral-derived and CO2-derived calcium carbonate, the operation of one of Japan's largest mechanical recycling recycling plants, and the construction and operation of a material circulation platform. In addition, TBM is promoting ESG initiatives through a variety of approaches, including the introduction of renewable energy electricity at its own manufacturing sites, voluntary response to the climate change questionnaire of CDP, an international ESG information disclosure platform, active use of LCA for the entire life cycle of products and services or at specific stages in order to comprehensively understand and reduce the environmental impacts that occur upstream and downstream of the supply chain, and fund raising through green finance.
ByWill aims to contribute to Japan's carbon neutrality goal and is working to promote regional Decarbonization across the country by encouraging the use of carbon credits. ByWill creates and distributes carbon credits, one way to achieve carbon neutrality. We handle everything from creating credits on a performance-based basis to finding buyers and monetizing them. In addition to supporting producers, we also provide comprehensive support centered on Decarbonization their own businesses, including assistance with procuring carbon credits both domestically and internationally, Decarbonization-neutrality consulting such as formulating environmental visions and Decarbonization policies, and branding and PR support through the dissemination of environmental initiatives.
■ Specific Initiatives
Through this partnership, we will advance the following initiatives:
1. Leveraging the branding, public relations, PR, and sustainability know-how and expertise that TBM has cultivated in the GX field regarding carbon neutrality and circular economy awareness-raising, we will support BuyWill's business, communication, and sustainability activities. We will collaborate on awareness-raising efforts to accelerate Decarbonization across Japan and promote regional capital and material circulation.
- ・ByWill will participate in Resource Recycling Council secretariat is run by TBM, and will collaborate in a working group on the theme of carbon circulation (promoting efforts to commercialize CCU products through carbon circulation).
- ・TBM will participate in the Regional Decarbonization Promotion Consortium that ByWill is currently establishing, and will collaborate on the creation of carbon credits based on new technologies and products.
* Resource Recycling Council: An organization that works with government agencies to create an internationally competitive material circulation market that transcends the boundaries of industries and companies.
URL: https://rrc.or.jp
2. ByWill will support TBM's business activities by utilizing its accumulated know-how and knowledge regarding environmental value creation (credit creation), such as supporting the creation of "J-Credits." The two companies will collaborate on efforts to create mechanical recycling for products made with CR LIMEX (CCU Limex) material, which utilizes TBM's CCU technology, and for plastic material recycling.
■ Comments from each company
・Takayuki Sasagi (CMO, Executive Managing Director, TBM Co., Ltd.)
"We are very grateful for the opportunity to collaborate with ByWill, a startup that is promoting the creation and distribution of carbon credits to achieve carbon neutrality. With our mission of "Bridging today and the future we want.," we aim to realize a "Sustainability Revolution," and announced CR LIMEX, a product made from calcium carbonate that is expected to be carbon negative by capturing and reusing CO2, at this year's Davos Conference. We are also working on developing high-added-value recycled materials by recycling plastics collected from local governments and companies. Through our business collaboration with ByWill, a leader in creating environmental value in the carbon credit market, we look forward to collaborating to create new innovations in the GX field and create new markets."
・ Yuichiro Shimomura (CEO, ByWill Co., Ltd.)
"We are very grateful for the opportunity to partner with TBM Co., Ltd. to achieve Decarbonization society and a carbon-neutral world. TBM is engaged in cutting-edge activities aimed at promoting the new material "LIMEX" both domestically and internationally, operating recycling plants, and building and operating material circulation platforms, and these activities are widely known around the world. As a company working to realize a carbon-neutral world starting from carbon credits, we would like to (1) follow TBM's example and expand our own worldview, and (2) create new GX innovations together with TBM. We will once again work together with TBM to realize a Decarbonization society."