MOSCOW (MRC) -- Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. announced they are joining forces to enable Japan’s first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons, as per Neste's press release.
In this collaboration, Mitsui Chemicals will use Neste RE, 100% bio-based hydrocarbons produced by Neste, to replace a part of the fossil feedstock in the production of a variety of plastics and chemicals at its crackers within Osaka Works during 2021. In doing so, Mitsui Chemicals will become Japan’s first company to use bio-based feedstock in its crackers. The collaboration between Neste, Mitsui Chemicals and Toyota Tsusho will enable brand owners and other potential clients in the Asian market, particularly in Japan, to start incorporating renewable plastics and chemicals into their products and offerings.
For this collaboration, Neste, a forerunner in producing renewable and recycled feedstock alternatives for the plastics and chemicals industry, will produce its Neste RE feedstock entirely from renewable raw materials, such as bio-based waste and residue oils, without any fossil oil. By using Neste RE, Mitsui Chemicals is able to produce plastics and chemicals with significantly reduced greenhouse gas emissions over their life cycle - spanning from the raw materials stage all the way through to product disposal - when compared to products made using fossil feedstock, such as petroleum naphtha.
The introduction of Neste-produced bio-based hydrocarbons as feedstock at the crackers will allow Mitsui Chemicals to produce renewable ethylene, propylene, C4 fraction and benzene, among others, and process them into basic chemicals such as phenol, or plastics such as polyethylene and polypropylene, without altering the high-quality of these derivatives; the quality will be on par with conventional products.
Mitsui Chemicals and Toyota Tsusho intend to acquire International Sustainability and Carbon Certification (ISCC), which is widely accepted in Europe as a system for the certification of products from bio-based feedstock. Mass balance based ISCC Plus certification aims at driving up adoption of renewable content even in supply chains that feature complex production processes, such as those common in the chemical industry.
“Aiming to reach carbon neutrality by 2050, Mitsui Chemicals is looking to help bring about a circular economy by pursuing the two pillars of recycling and the use of bio-based alternatives for its chemical and plastic products,” said Hirahara Akio, Managing Executive Officer for Corporate Sustainability at Mitsui Chemicals. “Switching fossil feedstock to bio-based feedstock helps combat global warming, and it is regarded as an important strategic focus in the push for reaching carbon neutrality by 2050. With this in mind, Mitsui Chemicals will not only go about developing materials from high-quality bio-based feedstock and processes but also work with stakeholders toward getting biomass widely used in society.”
As MRC informed earlier, Japanese trading house Mitsui & Co Ltd said in March, 2021, it would invest in the development of a carbon capture and storage (CCS) project in Britain. The Japanese company will take a 15.4% share in Storegga Geotechnologies which is developing the Acorn CCS project to store carbon dioxide emissions in depleted North Sea oil and gas reservoirs.
We remind that Neste announced in March, 2021, that it would acquire Bunge Loders Croklaan's refinery plant in Rotterdam, the Netherlands.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.