[TOWING Co., Ltd.] TOWING Co., Ltd.
, completed domestic registration of business model patent related to pre-order sales and creation of carbon credits, and moved toward overseas registration.
*TOWING Co., Ltd.*
Press release: September 9, 2024
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TOWING Co., Ltd. completes domestic registration of business model patent related to pre-order sales and creation of carbon credits and moves toward overseas registration
TOWING Co., Ltd. (Representative Director and CEO: Kohei Nishida, hereinafter referred to as “TOWING”) is pleased to announce that it has completed the domestic registration of a business model patent related to pre-order sales of carbon credits and has begun work toward overseas registration.
1, background
Japan’s efforts toward carbon neutrality are being concretely promoted based on the “Green Growth Strategy for Carbon Neutrality in 2050,” which was formulated mainly by the Ministry of Economy, Trade and Industry. Among these, TOWING is a high-performance biochar “Soratan” that is a soil improvement material that reduces chemical fertilizers and realizes decarbonization in the agricultural field in order to comply with the “Green Food System Law” established by the Ministry of Agriculture, Forestry and Fisheries. )” and create and sell carbon credits derived from biochar.
Efforts toward carbon neutrality have also begun globally, and the creation and trading of carbon credits is playing a role in this endeavor.
TOWING has focused on carbon credits that will be used in efforts toward global carbon neutrality, and has obtained a business model patent (Patent No. 7138390, hereinafter referred to as the “Patent”) related to pre-sale and creation of carbon credits.
2. Overview of patents
This patent is related to carbon credit supply and demand adjustment. A carbon credit seller accepts a purchase reservation for carbon credits from a purchaser, and prepares carbon credits for the purchase reservation by coordinating or combining one or more carbon credit generation projects. It is used to smoothly support transactions between creation projects and purchasers. For example, in the case of a biochar-derived carbon credit project in the agricultural field, this patent covers the activities of confirming and adjusting the amount of biochar that each farmer can introduce, and creating credits for the purchase reservations received. Take advantage of
The types of carbon credits are not limited to the agricultural sector, such as biochar and drying of rice fields, but also cover a wide range of carbon credit supply and demand adjustment and credit creation activities, such as blue carbon, forest credits, and renewable energy-derived credits. You can.
Additionally, this patent can be used for carbon insetting
initiatives, which involve procuring not only crops but also carbon credits linked to the act of cultivating crops, for schemes such as contract farming of crops.
3. Future developments
TOWING expects to expand its charcoal business in a wide range of areas, including North, Central and South America, Southeast Asia, and the EU region, and will also develop carbon credit creation and sales in the same region. Therefore, starting with the registration and utilization of this patent in Japan, we will promote activities to register this patent mainly in the same region.
Additionally, in order to utilize this patent more widely both domestically and internationally, we are looking for companies that would like to collaborate or form business alliances with, or provide licenses to, companies that plan to create and sell carbon credits.
4. About TOWING Co., Ltd.
We are an impact startup from Nagoya University, founded in February 2020, with the mission of “realizing a super circular society based on sustainable next-generation agriculture.” The company has developed a high-performance biochar called “Soratan”, which is a soil improvement material developed by combining technology developed by research institutes such as the National Agriculture and Food Research Organization (NARO), and its own technology, and is introducing the product to farmland. We are developing services related to.
Sora charcoal is a material made by culturing microorganisms with various functions on charcoal, an unused local resource.When applied to farmland, it has various effects such as improving crop quality and yield, and fixing carbon in farmland. Masu. In June 2023, we completed registration for the program using the methodology of the J Credit System “Agricultural land application of biochar,” and we have also completed the issuance and sale of carbon credits using the program. We are a certified business operator based on the Green Food System Act of the Ministry of Agriculture, Forestry and Fisheries, and have been selected for the first round of public recruitment under the Ministry of Agriculture, Forestry and Fisheries’ Small and Medium Enterprise Innovation Creation Promotion Project (SBIR Phase 3 Fund Project).
-Overview of TOWING-
Address 1 Furo-cho, Chikusa-ku, Nagoya, Aichi 464-8601
Tokai National University Organization Nagoya University Incubation Facility Representative Kohei Nishida
Date of establishment: February 27, 2020
URL https://towing.co.jp/
-Inquiries regarding this matter-
TOWING Co., Ltd. Human Resources and Public Relations Department Public Relations Team
Please contact us using the form below.
Contact form: https://forms.gle/K3KxyC4WAGPbqu7M9