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Corporation
chiyoda-corp.com

Investments

2

Portfolio Exits

1

Partners & Customers

9

About Chiyoda

Chiyoda is a world leading Front End Engineering Design (FEED) and Engineering, Procurement and Construction (EPC) company in the oil and gas industry, with a history of almost 70 years of project experiences world-wide. Chiyoda, headquartered in Yokohama, Japan, has constantly leveraged its experience and far-reaching global network to give it an unrivalled advantage and has been at the forefront of the relentless drive for innovative plant design and world-class project execution. Chiyoda has designed and constructed LNG plants accounting for more than 40 percent of the world's total LNG capacity.

Headquarters Location

Japan

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Latest Chiyoda News

» Green tie-ups: Chiyoda/University of Toyoma/HighChem to produce p-xylene from C02; DIC/Idemitsu Kosan to explore production of...

Mar 14, 2023

Japan’s HighChem Co, University of Toyama and Chiyoda Corporation have announced the first successful production and purification of p-xylene from CO2. The University of Toyama, Chiyoda, HighChem, Nippon Steel Engineering, Nippon Steel Corporation and Mitsubishi Corporation have been collaborating on producing p-xylene from CO2 following selection for the NEDO 2 project, ‘Development of Technologies for Carbon Recycling and Next-Generation Thermal Power Generation’, including reduction of CO2 emissions and utilising CO2 for chemical materials. Since March 2022, Chiyoda’s pilot plant in Koyasu Research Park has used HighChem’s industrial catalyst based on achievements of research by the University of Toyama to produce p-Xylene compounds utilising CO2 as feedstock, and purified p-xylene in external facilities using conventional methods. This achievement accelerates the commercialisation of the technology, say the companies. P-xylene produced from CO2, as with conventional p-xylene, is applicable to many types of resins and relevant chemicals via Purified Terephthalic Acid (PTA). However, resins and chemicals produced from CO2 benefit the environment by enabling carbon recycling and reducing CO2 emissions. Commercialising with the Mass Balance Approach (as one potential procedure) enables p-Xylene produced from CO2 to be incorporated into the conventional p-xylene supply chain, delivering the advantages of CO2 emission reduction to the market. In other news, DIC Corporation says that it has reached an agreement with Idemitsu Kosan Co to build a new biomass plastics supply chain, as well as to begin exploring the production of biomass polystyrene. Actual production of biomass polystyrene, at DIC’s Yokkaichi Plant, is scheduled to commence by the second half of the fiscal year 2023. Because it is derived from plant matter, a renewable resource, biomass naphtha boasts lower CO2 emissions than conventional petroleum-derived naphtha. Idemitsu Kosan’s biomass naphtha–based styrene monomer† has earned ISCC PLUS certification under the International Sustainability and Carbon Certification (ISCC) system‡, verifying its sustainability, in line with which the company employs the mass balance approach§ for the products its supplies. DIC also expects to obtain ISCC PLUS certification in the first half of the fiscal year 2023, positioning the two companies to begin the production of biomass polystyrene as scheduled. Biomass plastics supply chains require stronger partnerships at all stages—from production of raw material biomass naphtha through to the production of biomass polystyrene—than those for conventional products. DIC and Idemitsu Kosan have agreed on a basic policy of contributing to the reduction of CO2 emissions in the plastics industry for the new supply chain they will build. Through this partnership, the two companies say they will continue to strengthen their cooperation with customers and suppliers, to ensure the new supply chain’s carbon neutrality and contribute to a circular economy. (PRA)

Chiyoda Investments

2 Investments

Chiyoda has made 2 investments. Their latest investment was in WindPlus as part of their Unattributed VC on November 11, 2015.

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Chiyoda Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/16/2015

Unattributed VC

WindPlus

Yes

1

11/16/2015

Unattributed VC

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10

Date

11/16/2015

11/16/2015

Round

Unattributed VC

Unattributed VC

Company

WindPlus

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Amount

New?

Yes

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Co-Investors

Sources

1

10

Chiyoda Portfolio Exits

1 Portfolio Exit

Chiyoda has 1 portfolio exit. Their latest portfolio exit was WindPlus on December 14, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/14/2018

Acquired

$99M

1

Date

12/14/2018

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Chiyoda Partners & Customers

9 Partners and customers

Chiyoda has 9 strategic partners and customers. Chiyoda recently partnered with Anadarko Petroleum, and McDermott on August 8, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

8/12/2019

Client, and Vendor

United States

GlobalData : Bechtel and CCS JV led surge in global oil & gas contracts value to US$42bn in Q2 2019, says GlobalData

Bechtel and CCS JV led surge in global oil & gas contracts value to US$ 42bn in Q2 2019 , says GlobalData

1

12/14/2018

Client

United Kingdom

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10

3/20/2018

Client

Qatar

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10

7/7/2016

Partner

Japan

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10

3/29/2015

Partner

Japan

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10

Date

8/12/2019

12/14/2018

3/20/2018

7/7/2016

3/29/2015

Type

Client, and Vendor

Client

Client

Partner

Partner

Business Partner

Country

United States

United Kingdom

Qatar

Japan

Japan

News Snippet

GlobalData : Bechtel and CCS JV led surge in global oil & gas contracts value to US$42bn in Q2 2019, says GlobalData

Bechtel and CCS JV led surge in global oil & gas contracts value to US$ 42bn in Q2 2019 , says GlobalData

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Sources

1

10

10

10

10

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