Yokogawa's energy & sustainability business segment protects the environment by supporting the effective use of energy and contributing to the realization of a sustainable society. Capitalizing on its expertise and strong customer relationships in the oil & gas, petrochemical, renewable energy, power, energy management, and energy storage fields, Yokogawa supports safe and optimal operations throughout the increasingly diversified energy supply chain, from production and supply through to use, disposal, and recycling.
Business Overview
Strategic Direction and Business Domain
- Strategic Direction
We provide energy-related customers with solutions that not only optimize production processes, which has always been one of our strengths, but also cover the entire value chain.
We support safe and optimal operations in a diverse range of energy sectors, spanning the entire value chain of production, supply, use, disposal, and recycling.
Our business vision for 2030 is as follows: “With the clean energy generated by our technology, we contribute to well-being and quality life of all.” Over the years, we have developed numerous measurement, control, and information technologies. Based on the trust that we have won through these technologies, we will work closely with our stakeholders to co-create solutions that accelerate the transformation to clean energy sources. - Business Domain
Our business domain encompasses the entire energy supply chain, from drilling for oil and gas to power transmission and distribution.
Approach with Yokogawa's Accelerate Growth 2023 (AG2023) Mid-term Business Plan
With AG2023, we aim to expand the scope of our solutions, moving beyond production sites to cover our customers’ entire value chain. For example, we will develop solutions to optimize operations on the vertical axis, covering everything from plant site operations to higher-level operations typically handled by ERP packages, and on the horizontal axis will offer solutions that cover entire supply chains as well as energy transmission and distribution infrastructure. We will offer solutions for the end-to end optimization of processes on both axes.
We are swiftly moving to expand our business, as part of which we are actively participating in proof of concept (PoC) and pilot projects with our customers to solve issues and demonstrate results. In new business areas such as hydrogen and ammonia production and carbon dioxide capture, utilization, and storage (CCUS), we are currently investigating different business models and examining the profitability of these businesses in collaboration with end users and stakeholders in related industries. In addition, a global player that highly values our track record and system integration capabilities has asked us to not only be the main automation contractor, but to also be responsible for a much broader scope of activities, including the achievement of carbon neutrality throughout the supply chain, unmanned operations. In this way, through collaboration with customers and various stakeholders, M&A, and participation in government-support schemes, we are taking action under the AG2023 plan to further accelerate the development of this business.
Contributions to the SDGs
Yokogawa is pursuing its “Three goals” for sustainability based on a vision for society in the year 2050. With the overall aim of achieving the goal of net-zero emissions, our energy & sustainability business segment will help to achieve a sustainable society by providing solutions that make it possible to use energy more efficiently. To address issues that impact the stable supply of renewable energy, a key means for the achievement of net-zero emissions, we will seek to optimize the entire supply chain, leveraging our strengths and best practices. We will globally expand the use of solutions that have been developed to improve productivity for our oil & gas customers, and will engage in co-creation with a variety of stakeholders to develop and offer new environmentally friendly technology solutions for use in applications such as carbon dioxide capture and storage (CCS) and carbon dioxide capture, utilization, and storage (CCUS).
Areas where the energy & sustainability business contributes, and related SDGs, targeting the year 2030
Related Industries
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Renewable Energy
Renewable energy helps protect the environment and brings both society and industry closer to the goal of achieving sustainability. However, compared to conventional energy sources, there are certain challenges that stand in the way of its rapid adoption, such as higher production costs and greater instability in the supply of power to the grid. As a leading company in the control and instrumentation business, Yokogawa has always striven to help its customers in various industries achieve stable operations and improve productivity in their plants. We provide solutions for renewable energy applications worldwide, thus contributing to the sustainable development goals.
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Power
In the mid 1970s, Yokogawa entered the power business with the release of the EBS Electric Control System. Since then, Yokogawa has steadfastly continued with the development of our technologies and capabilities for providing the best services and solutions to our customers worldwide.
Yokogawa has operated the global power solutions network to play a more active role in the dynamic global power market. This has allowed closer teamwork within Yokogawa, bringing together our global resources and industry know-how. Yokogawa's power industry experts work together to bring each customer the solution that best suits their sophisticated requirements.
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Bulk & Petrochemical
Whether you produce petrochemicals, inorganics or intermediates, chemical companies are under cost and margin pressures to deliver products in a timely and efficient manner while maintaining safe and compliant operations. Additionally, chemical companies need to adjust to fluctuating feedstock and energy prices and to provide the most profitable product mix to the market.
Yokogawa has been serving the automation needs of the bulk chemical market globally and is the recognized leader in this market. With products, solutions, and industry expertise, Yokogawa understands your market and production needs and will work with you to provide a reliable, and cost effective solution through the lifecycle of your plant.
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Oil & Gas
Yokogawa has a wealth of experience in every part of the oil and gas business, from offshore and onshore facilities to pipelines, terminals, and deepwater operations. We provide solutions that enhance safety, ensure accurate and reliable operation, and increase plant efficiency.
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Oil & Gas Downstream
The oil & gas downstream industry has been facing an increasing number of challenges in recent years. These include the changing characteristics of the feedstock to be processed, aging of process facilities and equipment, rising cost of energy, lack of skilled plant operators who can run a refinery safely and efficiently, and the ever-changing requirements from both the market and the customer.
Over the years, Yokogawa has partnered with many downstream companies to provide industrial solutions focused on solving these challenges and problems. Yokogawa's VigilantPlant solutions have helped plant owners to achieve maximum profitability and sustainable safety within their plants.
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LNG Supply Chain
YOKOGAWA has been engaging in LNG automation by supplying the latest sensors, analyzers, control and information systems for more than 50 years since LNG was first imported to Japan. YOKOGAWA is one of the biggest automation suppliers to the worldwide LNG supply chain, liquefaction, transportation, and regasification.
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Biofuel
To combat global warming, the production and consumption of biofuels is on the rise around the world. As a leading provider of measurement and control solutions to the chemical, oil, and other industries, Yokogawa has developed technologies that can be used to ensure the reliable and efficient production of bioethanol and other types of renewable fuels.
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Petrochemical
Petrochemical companies’ needs are extremely diverse. To come out ahead in today’s highly competitive marketplace, producers are striving to improve quality and productivity. Yokogawa provides tailor-made solutions for these needs based on its long and wide-ranging experience in this field.
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Pharmaceutical
Pharmaceutical companies must achieve increased flexibility and agility through better use and monitoring of manufacturing data to improve quality management in real time. Pharmaceutical experts work with Yokogawa to create manufacturing solutions that deliver safe and reliable medicines. Together, we use digital transformation and manufacturing advances to meet regulatory requirements, ensure quality, accelerate time to market, and thus providing a stable and reliable supply of medicine to patient.