Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 3 October 2022, 16:11 HKT/SGT
Share:
    

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

TOKYO, Oct 3, 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.

Renewable plastics supply chain

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.

*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.


Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Chemicals, Spec.Chem
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation
Oct 10, 2024 17:19 HKT/SGT
Launch of Japan's First EV Smart-charging Service Using Connected Technologies
Sept 30, 2024 10:38 HKT/SGT
Mitsubishi Corporation: JOGMEC Commissioned Feasibility Study for Overseas CCS Value Chain
Sept 27, 2024 12:39 HKT/SGT
Mitsubishi Corporation Strengthens the Partnership with PETRONAS, Reinforcing Confidence in LNG Operations in the Region
Sept 20, 2024 17:02 HKT/SGT
Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. Launching an Initiative to Transform into "Next-generation Convenience Store"
Sept 18, 2024 17:02 HKT/SGT
Approval in Principle (AiP) Acquired from Two Classification Societies for Low-Pressure Type Liquefied CO2 Carriers undergoing Pursuit of Standardization toward Realization of Large-Scale International Transportation from 2028 onwards
Sept 13, 2024 19:07 HKT/SGT
Mitsubishi Corporation and ExxonMobil sign Project Framework Agreement to advance world's largest low-carbon hydrogen project
July 16, 2024 17:36 HKT/SGT
Neste and Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics
July 4, 2024 16:33 HKT/SGT
World's first* supply chain established for more sustainable polyester fiber based on CO2-derived material as well as renewable and bio-based materials
June 18, 2024 10:21 HKT/SGT
Joint Study on the Social Implementation of Hydrogen and Decarbonized Fuels
June 17, 2024 15:36 HKT/SGT
Joint Discussions on Green Hydrogen Supply in Hokkaido's Chitose Area
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: