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Yokogawa Electric Corporation, the Tokyo-based technology company, has launched OpreX Carbon Footprint Tracer, a cloud service solution that aids process manufacturing industries in managing carbon emissions. This innovative service calculates CO2 emissions using measurement data from various systems and provides consultation services for formulating strategies to reduce emissions. Yokogawa's goal is to help companies visualize and reduce their carbon footprint, supporting global efforts towards carbon neutrality. The service seamlessly integrates with SAP Sustainability Footprint Management service and ERP solutions, enabling the visualization and management of product carbon footprint based on European standards.

Efforts to combat climate change and achieve carbon neutrality by 2050 are accelerating worldwide. Yokogawa's development of OpreX Carbon Footprint Tracer is a response to the urgency of supporting carbon-neutral policies such as the Carbon Border Adjustment Mechanism and the Digital Product Passport tool. By leveraging its expertise in operational technology, Yokogawa is empowering process manufacturers to calculate CO2 emissions for individual products, enabling them to comply with European standards and regulations. The solution offers quick and accurate assessment of emissions data, aids in managing PCF based on European CO2 emission-related laws, and provides consultation on emissions reduction in tandem with energy management systems and supply chain optimization.

Key markets for Yokogawa's solutions include the oil and gas industry, renewable energy, electric power, pulp and paper, steel, food, and pharmaceuticals, among others. The applications of Yokogawa's products range from plant monitoring and operation to data acquisition and record-keeping, contributing to operational excellence across various industries.

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Nozomi Networks extends partnership with Yokogawa Electric to offer OT and IoT cybersecurity solutions globally. Yokogawa will integrate Nozomi Networks' advanced solutions into its Cybersecurity Managed Services, catering to the unique security requirements of process manufacturers.
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Yokogawa Electric Corporation collaborates with SAP to launch OpreX Carbon Footprint Tracer, a pioneering CO2 emissions management service for process manufacturing industries. The solution integrates with SAP Sustainability Footprint Management service, enabling visualization and reduction of product carbon footprint based on European standards.
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ENEOS Materials Corporation and Yokogawa Electric Corporation have announced the formal adoption of the Factorial Kernel Dynamic Policy Programming (FKDPP) AI algorithm at an ENEOS Materials chemical plant. This decision follows a successful year-long field test, marking a world-first implementation of reinforcement learning AI in direct plant control. The AI demonstrated superior performance in managing distillation operations, enhancing product quality, and reducing operational costs. Key benefits include a 40% reduction in CO2 emissions, year-round stability, and improved safety by lessening manual operator intervention.

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Yokogawa Electric Corporation has launched OpreX™ Asset Health Insights (2.0), a cloud-based asset monitoring service, enhancing its capabilities with new features and support for Alibaba Cloud, marking a strategic partnership. The updated service collects and processes operational technology data, providing a comprehensive view for asset management. Key updates include 2D and 3D graphics for better visualization, ISA 18.2 compliant alarm management, and support for multiple languages including Chinese. The company aims to address the growing demand for robust asset monitoring across industries such as oil, gas, and chemicals.

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Yokogawa Electric Corporation has been appointed by Shell Plc as the main automation contractor for the Holland Hydrogen I plant in Rotterdam. This facility, set to be the largest renewable hydrogen plant in Europe by 2025, will utilize electricity from an offshore wind farm to produce up to 60,000 kg of green hydrogen daily via a 200 MW electrolyser. The hydrogen will replace grey hydrogen at Shell's Energy and Chemicals Park, aiding in the decarbonization of fuel production. Yokogawa aims to integrate systems effectively to support sustainability and decarbonization efforts.

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Yokogawa Electric Corporation has completed a successful proof of concept test at the Tapia Water Reclamation Facility in California. This initiative, part of the Pure Water Project, aimed to enhance wastewater treatment efficiency while reducing energy consumption. The project utilized Yokogawa's advanced data-driven modeling software, achieving over a 10% reduction in power consumption and compliance with water quality standards. For its innovative efforts, Yokogawa received the Transformational Innovation award from the WateReuse Association.

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Yokogawa Electric and JSR Corporation have successfully completed a world-first 35-day field test using AI to autonomously operate a chemical plant. The test demonstrated the application of reinforcement learning AI in controlling complex processes, achieving high product quality and yield while conserving energy. This innovation is part of Japan's Ministry of Economy, Trade and Industry's advanced safety initiative and could significantly enhance productivity and safety in chemical production. Both companies aim to expand AI's role in plant operations to improve efficiency and safety.

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Yokogawa Electric Corporation has been chosen by ExxonMobil to serve as the system integrator for the inaugural field trial of an Open Process Automation (OPA) system at an ExxonMobil facility on the U.S. Gulf Coast. This trial aims to replace existing control systems with an integrated one that complies with the Open Process Automation Standard (O-PAS™). The project is expected to reduce capital costs and total cost of ownership through better integration of automation components. The trial, which involves over 2000 I/O, is set to commence in 2023.

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FAQ

What is the current stock price of YOKOGAWA ELEC UNSP/ADR (YOKEY)?

The current stock price of YOKOGAWA ELEC UNSP/ADR (YOKEY) is $52.61 as of September 24, 2024.

What is the market cap of YOKOGAWA ELEC UNSP/ADR (YOKEY)?

The market cap of YOKOGAWA ELEC UNSP/ADR (YOKEY) is approximately 7.5B.

What is OpreX Carbon Footprint Tracer?

OpreX Carbon Footprint Tracer is a cloud service solution from Yokogawa that calculates CO2 emissions and provides consultation services for reducing emissions in the process manufacturing industries.

How does Yokogawa support global efforts towards carbon neutrality?

Yokogawa's OpreX Carbon Footprint Tracer enables companies to visualize and reduce their carbon footprint, helping them comply with European standards and regulations.

What are the key features of Yokogawa's solution for managing carbon emissions?

The solution offers quick and accurate assessment of emissions data, aids in managing PCF based on European CO2 emission-related laws, and provides consultation on emissions reduction in tandem with energy management systems and supply chain optimization.

Which industries benefit from Yokogawa's solutions?

Key markets for Yokogawa's solutions include the oil and gas industry, renewable energy, electric power, pulp and paper, steel, food, and pharmaceuticals, among others.

What are the applications of Yokogawa's products?

Yokogawa's products are used for plant monitoring and operation, control, data acquisition, and record-keeping, contributing to operational excellence across various industries.
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