Advance Residence Investment Introduces Renewable Diesel in Japan

MT Newswires Live

2024/11/22

Advance Residence Investment (TYO:3269) has implemented Neste's Renewable Diesel (RD) at its property, marking a first for Japan and a J-REIT in using RD for emergency generators in condominiums, according to its filing on Friday.

Supplied by Itochu Enex, and procured by Itochu Corp.(TYO:8001), this initiative aims to support decarbonization efforts by significantly reducing greenhouse gas (GHG) emissions.

The RD can cut emissions by up to 90% compared to traditional diesel, based on life cycle assessment. This move is part of ADR's strategy to enhance energy efficiency and sustainability at its properties.

Price (JPY): $296700.00, Change: $-1400, Percent Change: -0.47%

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