Sumitomo Chemical Co, Maruzen Petrochemical Co and Mitsui Chemicals have signed an agreement to jointly study the feasibility of implementing projects at the Keiyo Coastal Industrial Complex in Chiba, Japan, the companies said.
Under the memorandum of understanding (MoU) agreement, the three firms will "explore the possibility of working together to carry out measures for reducing greenhouse gas (GHG) emissions, such as the conversion of fuels and feedstock", they said in a joint statement. The joint statement did not provide a timeline for the study.
All three firms currently have a target to reach carbon neutrality by 2050. "The three companies will, with the aim of diversifying feedstock, consider utilizing biomass resources instead of petroleum resources and developing and implementing new chemical recycling and material recycling technologies, as well as explore how to source biomass and collect waste for recycling," the companies said.
The three firms will also consider the conversion of fuels used in their manufacturing facilities, such as naphtha crackers, and the renewal of infrastructure associated with it, they added.
We remind, Sumitomo Bakelite Co., Ltd., announced that Sumitomo Bakelite Europe NV (SBE), subsidiary company in Belgium, has become the first member of our group to obtain international sustainability carbon certification/ISCC PLUS (International Sustainability and Carbon Certification) certification for its phenolic resins, said the company.
The ISCC (International Sustainability and Carbon Certification) is already recognized worldwide as a certification system for the processing of biobased and bio-circular materials and is widely used in Europe.
mrchub.com