Nippon Denko Compendium 2020 · Resource strategy and optimal location are the way to win out

© 2020 Nippon Denko Co., Ltd.

April 2020

zX

Nippon Denko Compendium 2020

© 2020 Nippon Denko Co., Ltd. zX

Functional Materials

Environment

Electric Power

■ Research and Development

Contents

■ Company Overview

Ferroalloys

Company Overview

Business sectors and products

History

What are ferroalloys?

Ferroalloys, materials essential to steel

How are ferroalloys made?

Global crude steel production in each country and ferroalloyproduction by productFerroalloy production in Japan: Ferromanganese is produceddomesticallyFerroalloy raw material: Global production and trade inmanganese oreFerroalloy market prices and manganese ore prices

Business strategy of Nippon Denko

Ferroalloys business

SLP ferromanganese

Resource strategy and optimal location are the way to win out over rivalsKudumane manganese mining area

Functional materials products

Cathode material for lithium ion batteries

Metal hydride alloys

Ferro boron

Manganese inorganic chemical products

Zirconium oxide

Zirconium oxide ～ Expanding application to new fields ～

What are environmental recycling systems?

Melting and Solidification of Incineration Ash in Electric Furnace

Electric power businesses

Research and Development

3

4

5

7

8

9

10

11

12

13

15

15

16

18

19

20

21

22

23

24

26

27

29

31

1


Company Overview

2


Established

Head Office

Employees

Business

Group Affiliates

Scale : Consolidated

Stock

October 1925

1-4-16, Yaesu, Chuo-ku, Tokyo

957 : Consolidated / 480 : Non-consolidated

7 domestic, 2 overseas affiliates

（FY 2019）

(As of December 31, 2019)

Ferroalloys / Functional Materials / Environment / Electric Power

Net sales 70,477Total assets 85,224Owner’s equity 54,609Capital 11,042Interest-bearing Liabilities 13,987

mil. yen

Tokushima Plant: Ferroalloys and Functional materialsResearch Laboratory

Toyama Plant (Imizu area): Functional materials

Hidaka Plant: ElectricityHoromangawa Hydroelectric Power Plant

Koriyama Plant: Environmental recycling systems

Tokyo Head Office

Toyama Plant (Takaoka area): Functional materials

Head Office, Manufacturing Bases

Kashima Plant: Ferroalloys and Melting solidification of incineration ash

Myoko Plant: Functional materials

3

Company Overview (As of December 31, 2017)

Company Overview

Outstanding shares 146,568,067

Kudumane Investment Holding (Hong Kong)

Overseas Affiliates

Pertama Ferroalloys(Malysia)


Ferroalloys Ferroalloys Steel, stainless steel, and specialty steel


Cathode material for Li-ion batteries

Metal hydride alloys

Ferroboron

Zirconium oxide

Boron oxide, boric acid


Lithium-ion batteries

Nickel-metal hydride cells

Neodymium magnets, amorphous metals, Electronic parts

optical lenses glass, surface treatment

Supplements, additives for laminated ceramic capacitors, etc.

Environment

Chromic recovery, boron recovery,nickel recovery, water and wastewatertreatment facilities, Melting and solidification of incineration ash in electric furnaces

Surface treatment, electronic parts, automobile parts,industrial waste disposal plantsLocal governments and companies discharging industrial waste

Electric Power Electric power Power companies

Business Sectors and Products

4Company Overview

Sector Typical Products Markets

© 2020 Nippon Denko Co., Ltd. zX 5

History

Company Overview

1925 Ogaki Denki Yakin Kogyosho Co., Ltd. (later Nippon Denki Yakin Co., Ltd.) established, begins production and sale of various ferroalloys

1963 Nippon Denko Co., Ltd. formed with merger of Nippon Denki Yakin Co., Ltd. and Toho Denka Co., Ltd.

1969 Tokushima Plant built, begins operation (equipped with pier facilities and large electric furnace)

1970 Completed first electric furnace (40,000 KVA) at Kashima Plant.

1976 Began producing manganese inorganic chemical products at Taguchi Plant (current Myoko Plant)

1984 Begins production and sale of ferroboron using an electric furnace

1989 Begins production and sale of zirconium oxide

1996 ■ Begins sale of AQUA PACK cartridge-type demineralizer

1999 ■ Begins sale of MR-PACK pure water production unit

2000Completes expansion of ferroboron production facility Completes new zirconium oxide plant

■ Completes construction of boron recovery facility

2002■ Starts up nickel recovery and recycling■ Completed construction of waste melting furnace (EM1) at Kashima Plant and began treatment of industrial waste and special industrial waste.

2003 Acquires lithium manganese battery materials business

2004■ Starts fluorine and phosphorus recovery and recycling business / Begins delivery of pure water production units for fuel cell use■ Completed construction of waste melting furnace (EM2) at Kashima Plant.

2005 Installs an in-house power generator making use of gas from the electric furnace at the Tokushima Plant

2010 Completes first stage of large-scale plant for automotive battery materials

2011 Completes second stage of large-scale plant for automotive battery materials

2012 Invests in Pertama Ferroalloys Sdn. Bhd.

2013Acquires manganese mining interests in South Africa

■ Obtained approval for soil decontamination at Kashima Plant.

2014 Changes Japanese name upon merger with Chuo Denki Kogyo Co., Ltd. (English name unchanged)

2014 ■ Received facility accreditation under the Japanese government’s Feed-In Tariff (FIT) scheme for renewable energy sources

2018Merged with Chuo Denki Kogyo Co.,Ltd. Completely

■ Completed construction of waste melting furnace (EM3) at Kashima Plant.Begins the contract manufacturing of cathode materials for lithium-ion batteries asked from Sumitomo Metal Mining at Toyama Plant (Takaoka area)

2019 ■ Begins the operations at Horoman-gawa No. 3 Power Plant

Ferroalloys


■ Environment

■ Electric Power


Ferroalloys

6

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Iron ore

Limestone

Coal

Ferromanganese (main product)Silicomanganese

Make steel stronger

Ferrovanadium Oil well casings, line pipes, springs

Ferrochrome Stainless steel products

Ferrosilicon Deoxidizing

Typical ferroalloy products and applications

Ferroalloys are of vital importance in making steel, as they are a necessary “seasoning” found in every piece of steel.

Steelmaking process

Completion as steel

Converter furnace

Blast furnace

Coke

Sinter

Ferroalloys market scale (2019)

Trading takes place at a price calculated by converting the global price in US dollars to yen at foreign exchange rates.(Similar to the export industry, the profit structure is such that a

Nippon Denko main product:Ferromanganese In Japan, approx. 447 billion yen

(Source: Nippon Denko estimate)

They make steel stronger and tougher, as well as more resistant to heat and corrosion.

▼ Ferroalloys

▼ Nippon Denko

7


Melts at very high temperatures.

Our main product, high-carbon ferromanganese

8

Note: Slag is a by-product occurring in the process of manufacturing metal.

Slag

Exhaust gas is used as fuel for in-house power generation.

Metal from electric furnace

After cooling, becomes a product

Manganese ore imported from various countries is refined using optimal blending techniques. Saves electricity and other energy.

Main raw materials

High-carbon ferromanganese is a ferromanganese product having a relatively high amount of carbon.

High-carbon ferromanganese

Nippon Denko has the

No. 1 sharein Japan

▲

▲

Made by steaming and baking coal. Acting as a reducing agent, removes oxygen in the ore.


Global crude steel production Global ferroalloy production

823 799 808 832923

996

111 105 105105

10499169 166 162

168

168159106

101 102102

101100

121111 111

116

121120

4544 40

44

4541

280280 287

294

310319

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

'14 '15 '16 '17 '18 '19China Jpn EU CIS N.America S.America Africa Others

(mil.tons)

(Source: WSA data)

4,583 3,997 3,781 4,270 4,386 4,436

1,647 1,498 1307 1595 1644 1435

13,06411,719 12,625

13,93215,826

17,975

11,590

11,494 11,846

13,296

14,322

14,726

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

'14 '15 '16 '17 '18 '19HcFeMn M･Lc-FeMn SiMn FeCr

(1,000 tons)

(Source: IMnI data [FeMn and SiMn]; ICDA data [FeCr]; USGS data [others])


0.0

20.0

40.0

60.0

80.0

100.0

'14 '15 '16 '17 '18 '19

Crude steel production(mil. tons)

(Source: Steel statistics ）(Source: Steel statistics, Nippon Denko estimates)

（％）

Trends in ferroalloy production and imports, and crude steel production (Japan)

10

Percentage of ferroalloys produced domestically

Ferrochrome

Ferromanganese

Silicomanganese

Ferroalloy production

Ferroalloy importsCrude steel production

Ferroalloy production and imports(1,000 tons)

0

500

1,000

1,500

2,000

2,500

3,000

'14 '15 '16 '17 '18 '190

25

50

75

100

125Crude steel production

Ferroalloy production

Ferroalloy imports


SouthAfrica71%

Gabon6%

Austral ia23% South

Africa39%

Australia15%

Coted'Ivoire

2%Malaysia

4%

Gahna15%

Gabon10%

Brazil9%

Others5%

Other10%

Ukrain4%

Brazil5%

India5%

Ghana8%

Australia14%

Gabon9%

SouthAfrica31%

China14%

Processing low-grade ore results in a large amount of slag,for a low metal recovery rate.

Less slag is produced than with low-grade ore,so the metal recovery rate is higher.

（ Source: IMnI data ）

(Source: IMnI data)

Global production of manganese ore

China

Australia

Gabon

South Africa

Brazil

Japan’s manganese ore imports

(Source: Ministry of Finance customs data)

Chinese manganese ore import volume

(Source: China Customs data)

China’s manganese ore imports

11

10.0

15.0

20.0

25.0

30.0

35.0

'12 '13 '14 '15 '16 '17 '18 '19

(mil. tons)

© 2020 Nippon Denko Co., Ltd. zXSource: Metals Week [US market]; Metal Bulletin [European market]

12

Product price (quarterly average) Product prices and ore prices

FMnH（Eur） 1,042 1,044 984 902 823 819 836 724 685 745 762 1,118 1,387 1,367 1,443 1,322 1,349 1,257 1,133 1,151 1,207 1,200 1,091 987

FMnH（US） 1,073 1,075 1,053 1,050 1,034 937 861 830 785 824 840 1,085 1,439 1,439 1,537 1,537 1,556 1,560 1,424 1,354 1,344 1,373 1,368 1,167

Mn ore 5.5 4.7 4.5 4.5 4.2 3.2 3.2 2.8 2.1 3.7 3.6 7.6 7.0 5.3 6.5 6.7 7.4 7.9 7.1 7.5 7.0 6.7 6.1 4.6

'19'17'16'15 '18’14

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

'11 '12 '13 '14 '15 '16 '17 '18 '19

High-carbon ferromanganeseEuropean market

High-carbon ferromanganeseUS market($/t)

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

0

200

400

600

800

1000

1200

1400

1600

1800

'11 '12 '13 '14 '15 '16 '17 '18 '19

High-carbon ferromanganese(Europe)

Manganese ore（$/ｔ）（$/Mn％）

Transition list (FMnH & Mn Ore) FMnH ($/t) / Mn Ore ($/Mn%)

Sheet1

　'02　'03　'04　'05　'07　'08'09'10'12’14'15'16'17'18'19

FMnH（Eur）4394555155265645975675777771,4161,5081,3541,1797626226098731,0621,3641,6292,1663,0772,9032,4911,4921,1571,0981,3141,3231,4351,4891,5281,1601,2531,1381,1131,0421,0449849028238198367246857457621,1181,3871,3671,4431,3221,3491,2571,1331,1511,2071,2001,091987

FMnH（US）4394495355345024804635279231,7051,4881,1307966145266229381,2491,6641,7602,3583,2403,1792,2261,3329271,1581,4101,4051,5001,3431,3581,2201,2981,2271,1821,0731,0751,0531,0501,0349378618307858248401,0851,4391,4391,5371,5371,5561,5601,4241,3541,3441,3731,3681,167

FV6.38.38.38.011.311.811.111.521.626.220.638.962.7113.553.453.434.239.437.437.368.372.464.240.524.819.931.523.728.532.529.029.9252624253228262525272525222118131518182225273939626986

Mn ore5.54.74.54.54.23.23.22.82.13.73.67.67.05.36.56.77.47.97.17.57.06.76.14.6

Sheet2

Sheet3


■ Others

■ Ferrovanadium

■ High-carbonferromanganese

High-carbon ferromanganese is our company’s main product. It is produced domestically, taking advantage of the competitiveness of the Tokushima and Kashima Plant.

■ SLP Ferromanganese(our product name)

The product has a very high manganese content with few impurities. It is used as an additive in the final stage of steelmaking, in place of manganese metal. (see p. 14)

Manganese metal: A metal with a manganese purity of nearly 100%. It is used as an additive in making steel, stainless steel, and aluminum.

■ Silicomanganese

13

1614 17

13 1518

56 6268 76 73

69

7 4 310

4 5

2 11367

0%

20%

40%

60%

80%

100%

'14 '15 '16 '17 '18 '19

Trends in percentage of each alloy in Nippon Denko ferroalloys sales


High-purity ferromanganese is being manufactured by means of original technology using as raw material a by-product of high-carbon ferromanganese.

Demand will rise further with increased production of high-grade steel.

An electric furnace was added in 2008. Production capacity was raised from 18,000 tons to 30,000 tons annually.

In 2010, further expansions raised annual production capacity from 30,000 tons to 40,000 tons.

We are helping to ensure stable procurement by users and increase our earning power.

▲ SLP Ferromanganese

What is SLP ferromanganese?(SLP: Super-low phosphorus)

14

020406080

100120140160180

'14 '15 '16 '17 '18 '19

(10,000 tons) Chinese production and exports of manganese metal

Production Exports

Very low-carbon ferromanganese with manganese purity of 90% and low phosphorus content.

As a raw material essential to high-grade steel production, it is used in place of manganese metal.

Superiority

Strategy

Annual demand for manganese metal in Japan is about 50,000 tons, all of

which is imported, some 90% of it from China.

Because of the very high dependence on China, producing it in areas other

than China or possibly switching to an alternative are options being

considered.

Manganese metal

( Source: IMnI data )


Grow stronger through best-location production

15

Silicomanganese, ferrosilicon, etc.

Participate in Malaysian production

Pertama Ferroalloys Sdn. Bhd. (Malaysia)

MeasuresUse of low-cost electricity

Domestic production in our top field: High-carbon ferromanganese

Enable just-in-time supply by producing in domestic plants located near the sea

Domestic Plant (Tokushima & Kashima), one of the world’s most competitive

Obtaining stable supply of the ores needed for ferroalloy production

• Acquired manganese mining interests Investment in Kudumane Investment Holding which invests to Kudumane Manganese Resources (South Africa)

• Diversification of ore procurement sources


South32

ASSMANG

South32

telele York

HotazelKUDUMANE

16



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Cathode material for lithium ion batteries Cathode materials for lithium-ion batteries

Metal hydride alloys Anode materials for nickel-hydrogen batteries

Ferroboron

For amorphous alloys Raw material of amorphous alloy (FeSiB)

For magnets Raw material of neodymium iron boron (NdFeB) magnet alloy

For steel Used as additive in steel as one kind of ferroalloy


See p. 22 for details.

Zirconium oxide

For electronic ceramics Raw material of ceramic capacitors, PZT piezoelectric actuators etc.

For glass Used as additive in high-refractive optical glass lenses, etc.

For functional film Raw material of optical adjustment coating and hard coating materials, etc.

Composite oxide for catalysts Catalytic promoter for purifying automobile exhaust gas

Boron oxide, boric acidFor glass Used as additive in liquid crystal glass, optical glass, glass fiber, etc.

Other applications Raw material of boron compounds, disinfectants, surface treatment agents, etc.

Functional materials products Type and use

18


Our Cathode materials for lithium-ion batteries Principle of lithium-ion batteries

19

Start commercial production in 1997

The pioneers of cathode materials for large lithium-ion batteries

ISO 9001 and ISO 14001 certified plants

The contract manufacturing asked from Sumitomo Metal Mining

Battery materials manufacturing plant (Takaoka, Toyama Prefecture)

Main applications

Large lithium-ion batteries for EV and HEV.

Large lithium-ion batteries for Energy storage system.


NiOOH+MH Ni(OH)2+M

20

Metal hydride alloys ( Hydrogen storage alloys )

1992 started commercial production.

Global No.1 supplier of these alloys for use in hybrid car batteries employed in

Toyota hybrid vehicles.

ISO 9001 and ISO 14001 certified plant

Features of Metal hydride alloys

Long life span equivalent to vehicle life

Ample output to ensure startability at low temperatures and power

acceleration

Metal hydride alloys plant (Myoko, Niigata Prefecture)

Main applications

Anode material for nickel-hydrogen batteries used as drive batteries in hybrid vehicles.

Principle of nickel-hydrogen batteries

Metal hydride alloys anode Nickel cathodeCharge

Discharge


For amorphous alloys

Amorphous (noncrystalline) alloy ribbons with thickness of just a few tens of microns are produced by extremely rapid cooling of Fe, Si, B, or other alloys from molten state, at a rate of around a million degrees C per second.

Used mainly as the steel core material of amorphous transformersWhen amorphous alloys are used as steel core material in transformers, electrical (no-load) loss at the steel

core is very small for improved energy efficiency.

In China and India, where the electric power infrastructure is being put in place, adoption of energy-saving amorphous transformers is growing.

In Japan the Top Runner energy efficiency program was applied to industrial transformers in April 2006.

In the US, energy efficiency standards even stricter than Japan’s Top Runner program came into force in January 2010 applicable to distributiontransformers.

Demand is expected to grow even further with the growing global trend toward energy efficiency.

For magnets

A neodymium iron boron (NdFeB) magnet is the strongest kind of permanent magnet. These magnets are essential to making smaller, lighter, and more efficient products from electronic devices to home appliances and automobiles, resulting in energy savings.

Typical applications of NdFeB magnets Motors of hybrid vehicles and electric vehicles

Head actuator mechanism for hard disk drive reading and writing

Motors in energy-efficient appliances (air conditioners, etc.)

Electrical generator in wind power system

For steelAdding a very small amount (10 to 100 ppm) of boron to steel improves its hardenability and high-temperature strength.

Typical applicationsWires used in suspension bridges, nuts and bolts, claws of power shovels

Nippon Denko is the only ferroboron manufacturer outside of China.

Product Description Use or typical applications

21

Crystalline Amorphous

Amorphous alloy

▲ Amorphous transformer


Overview of manganese inorganic chemical products business Types and uses of manganese inorganic chemical products 1976 Started commercial production

The only Japanese domestic manufacturer of diverse manganese inorganic

chemical products

ISO 9001 and ISO 14001 certified plants

Kosher and FDA certified plant (manganese sulfate)

Manganese inorganic chemical products manufacturing plant (Myoko, Niigata Prefecture)

Features of manganese inorganic chemical products

Holder of technology for high-purity refining of manganese ore

Thorough removal of alkaline metals and alkaline earth metals by

crystallization and recrystallization processes

Thorough removal of iron by use of oxidizing agent and

optimization of reaction pH

Products Uses

Manganese sulfate Animal feed additives, catalyst raw materials, supplements, fertilizers

High-purity manganese sulfate Cathode materials for lithium-ion batteries

Manganese carbonateAnimal feed additives, surface treatment agent raw materials, soft ferrite

High-purity manganese carbonate Additive in laminated ceramic capacitors, thermistors

Chemical manganese dioxideOzone decomposition catalysts, deodorizing catalysts, oxidizing agents for organic synthesis

Reduced ore Flux

Manganese sulfates Manganese carbonates


Electronic ceramics Glass and film

This material is used in ceramic capacitors and ceramic filters in the electrical circuits of digital consumer electronics, PCs, mobile phones and other digital devices.It is also used in inkjet printers, for example in devices controlling ink spraying.Another application is for use in gyro sensors for preventing camera shake and for detecting smartphone tilt.

Another use is in the optical lenses of digital cameras, and in films for liquid crystal displays.

23

What is zirconium oxide? Electronic ceramics, with zirconium oxide as raw material, have the electrical properties for storing electricity and converting between electricity and

pressure.

A high refractive index is achieved by using zirconium oxide as an additive in optical glass and functional film.

Nippon Denko and zirconium oxide

Began production at the Tokushima Plant in 1989

Won acclaim for ultrafine particles and high purity

Sold mainly for use in electronic parts and optical lenses

Main applications and products

Ceramic capacitors ▲ Inkjet printer


CeO2→ CeO2-ｘ + X/2O2HC

CONOX H2O

CO2N2

Its role is to store and release oxygen as oxidation and

reduction reactions take place.

Used in three way catalysts for automobile exhaust gas.

Oxidation and reduction reactions remove pollutants

from exhaust

Oxygen storage Oxygen release

Catalytic promoter for purifying automobile exhaust gas (ceria-zirconia)

Zirconium oxide for functional film

Mainly used as an optical adjustment coating material in functional films for touch panels.

Zirconia properties High refractive index (highly

transparent) High hardness Resistant to photocatalysts

Development goals High dispersibility in solvent Primary particle diameter

microscopically small and uniform


Environment

25

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© 2020 Nippon Denko Co., Ltd. zX 26Environment

Purified water manufacturing for home-use fuel cells

Use of home fuel cells as alternative energy is on the rise. Fuel cells generate electricity from hydrogen, which is extracted from a reaction between purified water and natural gas or other source. Drawing on a wealth of experience in ion exchange resin regeneration, we are building up our business in fuel cell-related fields.

Having a large ion exchange resin recycling plant in Koriyama, Fukushima Prefecture, we rent and sell ion exchange towers which are water treatment equipment and perform resin regeneration on consignment.

Purified water manufacturingfor hydrogen stations

Hydrogen stations are being built as Toyota Motor begins commercial sale of fuel cell vehicles. We started manufacturing purified water equipment for hydrogen production in 2005 in preparation for the Aichi Expo, and we has the top share in Japan for hydrogen stations.

Cartridge demineralizer・Simple and easy-to-use demineralizer filled with ion-

exchange resin ・By simply connecting the unit directly to a faucet・Creates high-purity water by removing Ca, Na, SO4, CI,

SiO2, etc., in tap water.

Pure Water System that combines the reverse osmosis membrane (RO membrane) with the ion-exchange resin tower.・ Space-saving by a compact design ・ Easy to operate by automatic control・ Capable of presenting a product specifications in

accordance with customers’ demand

Flow sheet used (example)Features1. Reuse and resources recycling of Water,

the medicine・Reuse waste water as deionized water or pure water・Recycling of the adsorbed ion

2. Commissioned regeneration・Don’t need regeneration working or medicine on

customer premises from treatment・No generation of sludge

3. A variety of sale’s methods・Selectable from a rental or purchase system・Suggest the best method in consideration for a

period of service, a work load, and funds for equipment

● Contribution to the hydrogen society

Pure water production that pursue further purity

AQUA PACK

For washing of surface treatment For the water for boilers and air-conditioning For experiments and analysis For hydrogen production

MR PACK

TypeWater quality monitor

Mini filter O or A TowerG Tower

① ③② ④

①Chrome plating solution tank ②Recovery tank ③Washing tank④Washing tank

Clean Recycle System Pure Water Technology

Ion exchange towers of wastewater treatment enabling the recovery of water and resources ND MINICHROPACK：various chromic other heavy metal・Various acid・Alkali waste waterB-CLEPACK：Boron removal NI-PACK： Nickel removalF-PACK： Fluorine removal

Ferroboron

Nickel alloy raw materials

Road building materials・Various ion-exchange resins and

adsorbents are regenerated.・Valuable materials are recovered.

Koriyama Plant

Remove hazardous substancesRecover water

© 2020 Nippon Denko Co., Ltd. zX 27Environment

Dedicated carrier vehicles

Incineration ash storage facility

Incineration ash (collected from municipalities)

Roadbed material

Leveling material

Material for river embankment work

Valuable metals separated and collected at nonferrous smelter

and refiner

(ECOLAROCK)

Applications

• Roadbed material

• Leveling material for solar panel installation

• Embankment material for disaster recovery

• Base material for river embankment work

Ash hopper

Sieve

Ash melting furnace

Chimney

Ash

Gas washing equipment

Dust collector

Metal

Dry pit

Slowly cooled slag

Secondary burning vat

Cooling tower

Furnace-top ash hopper

Elect-rodes

SlagMetal

Metalcaster

● Due to high-temperature melting and solidification, the treatment is able to break down dioxin and detoxify and stabilize heavy metals.

● The generated slag being of stable quality, it is sold for a wide range of uses as ECOLAROCK (registered trademark).

● Valuable metals (gold, silver, copper, etc.) contained in the molten metal are recycled and used.

■ Features● In 1995, Chuo Denki Kogyo became the first private company in Japan

to begin treatment of incineration ash generated from municipalities by melting in a ferroalloy furnace.

● In 2002, a dedicated furnace was put into operation, and treatment of industrial waste was started.

● The processing capacity of the dedicated furnace was increased in 2013.● In 2018, the third dedicated furnace was put into operation.

■ History of business


Electric Power

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Power generation facility Output Operation

Horoman-gawaNo. 2 Power Plant 4,406kW Started from Nov, 2017

Horoman-gawaNo. 3 Power Plant 6,222kW Started from Feb. 2019

■ Overview of electric power business● We built a hydroelectric power plant at Horoman-gawa River in Hokkaido in early Showa period for the pioneer of the development of the

power supply in Hidaka area.● Renewed the power generation facilities at the No.2 and No.3 power plant.

● Transform business to the electricity sales taking advantage of feed-in tariff system.

Horoman-dam

No.3 Power Plant

Horoman-gawa Hydroelectric Power Plants


Research and development

30

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© 2020 Nippon Denko Co., Ltd. zXR&D 31

■ R&D organization

We organize research and development activities as "Search", "Product development" and "Process technology development", and will push forward with effective research and development based on the business strategy of each business segment.

■ Activity of research and development

R&D

Director of Laboratories

R&D Laboratory

Myoko Research Unit

（Anan, Tokushima）： Develops ferroalloys, Functional Materialsand Environment

（Myoko, Niigata）： Develops raw materials for batteries and basic research

Ferroalloys ・ Increase cost competitiveness and R&D for the reinforcement of the technique for environment.

FunctionalMaterials

Environment・ Product development to respond to customer requests in the water treatment and

pure water system field.・ Process technology development for the Melting and Solidification of Incineration

Ash.

・ Product development and process technology development to respond to various customer requests.

・ Product search for the future making use of our strengths.

スライド番号 1Contents スライド番号 4スライド番号 5History スライド番号 8How are ferroalloys made?スライド番号 10スライド番号 11スライド番号 12スライド番号 13スライド番号 14スライド番号 15スライド番号 16スライド番号 17 スライド番号 19スライド番号 20スライド番号 21スライド番号 22スライド番号 23スライド番号 24スライド番号 25 スライド番号 27スライド番号 28 スライド番号 30 スライド番号 32

Documents

Nippon Denko Compendium 2020 · Resource strategy and optimal location are the way to win out