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Alrighty so, you’ve finalized your logo and main brand colors. That’s a biggie, now all you have left to do is develop a series of…
MHI Joins “ACT FOR SKY,” a voluntary organization working for the Commercialization, Promotion and Expansion of Domestically Produced SAF
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"ACT FOR SKY" with "ACT" representing the cooperation and collaboration by companies committed to take "action" for these goals-will aim to raise awareness among citizens and companies of the importance of SAF, carbon neutrality and achieving a circular economy. Applying expertise across relevant industries, the four founding companies will coordinate the activity of other member companies as well.
MHI is embarking on a project to develop a commercial-scale supply chain for sustainable aviation fuel (SAF) derived by biomass gasification integrated with FT synthesis technology(2). By achieving reduction in greenhouse gas emissions caused by jet fuels, the Company will contribute to mitigating the aviation industry's impact on the global environment.
Background
- A rapidly growing global need to reduce CO2 emissions has called for the aviation industry to accelerate the development, production, distribution, and use of SAF. This fuel is sourced from sustainable resources such as tallow (animal oils and fats), used cooking oil (UCO), biomass, municipal solid waste, exhaust gases, and CO2.
- As global SAF demand grows, a stable supply of domestically produced SAF is considered essential in Japan. However, domestically produced SAF has not been commercialized yet, and establishing stable supply chain, from procurement of feedstock to supply of SAF, remains an urgent issue.
- Compared to Europe and the U.S, where SAF is already being commercialized, and its awareness is relatively strong, it is necessary to raise the awareness of SAF in Japan as well.
Overview of activities
- Promotion of the members' activities toward decarbonization and a circular economy through the domestic production of SAF
- Discussions and analysis on the costs to achieve these goals
- Raise awareness on carbon neutrality, through local governments and education
- Exchanging information among members, for next actions
- Share information on how other countries are acting for SAF promotion
- Identify common issues for domestic SAF production, and share the information and analysis gathered with related organizations
Specific member initiatives
ACT FOR SKY consists of the following 16 members (as of March 2, 2022).
"ACT" member companies: Companies/organizations directly involved in domestic SAF business
(founding companies in bold)
Future development
Along with a variety of other stakeholders, ACT FOR SKY will promote and expand the domestic production of SAF, which will lead to the development of aviation network in Japan and the industry related to SAF production. Together, we will establish a sustainable society.
ACT FOR SKY logo
Created by: Housui Yamaguchi, calligrapher
Behind the logo design:
Blue ink: A beautiful blue sky
Calligraphic style: Dynamic, linked to action
Symbolism of calligraphy: Japan, domestic production
(1) SAF is a fuel achieving significantly lower CO2 emissions compared to the conventional jet fuel over its life cycle, from production or collection of feedstock (such as biomass, used cooking oil, or exhaust gas) to manufacturing and combustion. Existing infrastructure can be used without modification.
(2) Gasification and FT (Fischer-Tropsch) synthesis technology: a technology whereby solid materials such as wood cellulose are reacted with water vapor and a small amount of oxygen in a gasifier to produce carbon monoxide and hydrogen (gasification), which are then synthesized into liquid hydrocarbons (fuel) in an FT reactor using a catalyst (Fischer-Tropsch Process).
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries, Ltd. (MHI) is pleased to announce that today it has joined "ACT FOR SKY," a voluntary organization established jointly by JGC Holdings Corporation Co.,Ltd., REVO International Inc.
Legacy Block Partners with Power of One Foundation to End Hunger
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Legacy Block ("BLCK") is the governance token of several protocols seeking to address some of the world's greatest challenges. "We believe we can use our token to solve some of the world's pressing challenges," says Joel Plasco, Co-Founder of Legacy Block. "When we set out to do this in Nigeria we were met with pessimism, what we now know is people will invest their time in what we call Personal Natural Resources ("PNR") to help themselves and their community. Blockchain and tokens are a very helpful tool for documenting and rewarding people for their participation."
Through the partnership POOF will work with Legacy Block to create new food security solutions leveraging the power of Blockchain. POOF's expertise and capabilities have been tested and honed over the duration of the Covid Pandemic. In 2020, as the effects of Covid halted the economy and devastated the income for tens of millions of Americans, POOF stepped up to feed over 3 million people in California and distributed over 10 million lbs of food earning it 2020 California Nonprofit of the Year.
"We learned during the height of the pandemic that new blockchain based tools could have possibly helped us increase the number of people we fed and could have helped people in need get other vital services. We believe we can use PNR to convert time and other intangible assets into tokenized monetizable assets," says Andre Roberson, CEO of Power of One Foundation.
By working with POOF, Legacy Block believes in the acquisition and utility of cryptographic assets available to everyone on the planet. Legacy Block has signed up 100,000 members in Africa who have pledged more than 5 million hours of their time to help social innovators who solve real world problems. These members are using PNR to eliminate extreme poverty. Legacy Block has agreed as part of this partnership to provide training and start-up capital to 50,000 POOF members which will allow those members to use PNR to reduce food insecurity.
"Applying PNR to food securities issues in the USA is the next step in creating a global PNR ecosystem capable of reducing financial inequalities," says Master Node Holder Lou Zant.
"We are excited to work with Legacy Block to help 50,000 of our community members activate their Personal Natural Resources ("PNR") to achieve permanent food security and to have access to the Legacy Block BLCK governance token and the great minds gathering to solve real life problems using blockchain," says Andre Roberson.
About Legacy Block
Legacy Block is an operating subsidiary of Peerless Exponential Partners, LLC, a company headquartered in the USA. Its purpose is to provide a framework for governance and coordinate the Legacy Block Initiative. This will foster transformative social impact through decentralized technologies in support of financial inclusion. The goal is the elimination of extreme poverty to ensure universal basic opportunities exist for every citizen on the planet.
For more information visit https://blckcoin.org
Contact: [email protected].
Forward-Looking Statements
This press release may contain "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this presentation, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to the view of management of any company mentioned in this press release. (the "Company") concerning its business strategy, future operating results, and liquidity and capital resources outlook. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and the Company can't predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPower of One Foundation ("POOF") has entered into a partnership with Legacy Block (BLCK:Pancakeswap). BLCK is an operating division of Peerless Exponential Partners, LLC (PXP).
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