Oct 03, 2022 17:11 JST

Source: Mitsubishi Corporation

Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation join forces to create a renewable plastics supply chain

TOKYO, Oct 03, 2022 - (JCN Newswire) - Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste RE) for the production of styrene monomer (i.e. bio-SM), and its mass balanced renewable plastics derivatives including acrylonitrile butadiene styrene (i.e. bio-ABS*). The bio-SM production in Japan and the renewable plastics production in Taiwan will mark the first of such production in each country, and they are planned to take place in the first half of 2023.

Neste, the world's leading producer of renewable and circular feedstock for the polymers and chemicals industry uses, will provide Neste RE to Idemitsu Kosan, the biggest SM manufacturer in Japan. For this collaboration, Neste RE is produced from 100% bio-based raw materials such as waste and residues and its use can significantly reduce greenhouse gas (GHG) emissions compared with conventional fossil feedstock use.

Idemitsu Kosan will then produce bio-SM based on the mass balance method and supply it to CHIMEI, the biggest ABS manufacturer in the world for its renewable plastics production. Mitsubishi Corporation will be coordinating the collaboration between the value chain partners and develop renewable product's market.

Through developing an even stronger partnership and closer collaboration than conventionally seen in plastics value chains, the companies are introducing new renewable contents into the value chain to enable plastic production where fossil feedstock has been replaced with biomass. With this, the companies are contributing to the plastics industry GHG emission reduction targets and the transition towards a low-carbon emission society.

Renewable plastics supply chain
 


*ABS resin is a thermoplastic polymer made from acrylonitrile, butadiene and styrene monomer, and given its properties of impact resistance, toughness, and rigidity, it is used across different sectors which include automobile, electronics and toys.

For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000049970.html.

Source: Mitsubishi Corporation
Sectors: Chemicals, Spec.Chem

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Yatsushiro City, Kyushu Electric Power Co., Inc., NTT Anode Energy Co., Ltd., and Mitsubishi Corporation Conclude a Partnership Agreement to Expedite Carbon Neutrality in Yatsushiro City
September 01 2023 10:18 JST
 
Mitsubishi Corporation: Participation of Sempra Infrastructure to the Detailed Study regarding the Introduction of e-methane to Japan Utilizing Cameron LNG Terminal
August 30 2023 20:58 JST
 
Building a sustainable PET bottle supply chain
August 07 2023 15:59 JST
 
Agreement Signed to Promote Urban Development towards Carbon Neutral City of Chitose
August 07 2023 13:37 JST
 
JOGMEC selected a feasibility study on the establishment of an overseas CCS value chain in the "Survey on the Implementation of Advanced CCS Projects"
August 03 2023 12:31 JST
 
Mitsubishi Corporation: Renewables-driven Next-generation Electric Vehicle Taxi Business Launched in Fukuoka Prefecture
July 31 2023 17:46 JST
 
Launch of Grid-Scale Battery Operations to Effectively Utilize Solar Power in Fukuoka
July 19 2023 14:43 JST
 
Mitsubishi Corporation: Rice-paddy Methane Reduction Project Receives J-Credit Scheme Approval
June 28 2023 16:33 JST
 
Mitsubishi Corporation: New Company for Green Hydrogen Business "Eneco Diamond Hydrogen" Established in Europe
June 22 2023 18:08 JST
 
Mitsubishi Corporation Announces New Participation in the Marimaca Copper Project in Chile
June 22 2023 09:39 JST
 
More Press release >>

Latest Press Release


More Latest Release >>