MOSCOW (MRC) -- Idemitsu SM (ISM) and Petrochemicals P(M), Malaysia, subsidiaries of Idemitsu Kosan Co., Ltd., successfully obtains the ISCC PLUS certification, an international certification system for sustainable products, for the production of styrene monomer and polystyrene, said the company.
In addition to supplying biomass feedstocks from Idemitsu Kosan to ISM, the project aims to the supply chain for styrene-based biomass plastic in Southeast Asia by procuring various biomass feedstocks and selling biomass products in cooperation with the subsidiaries located in Singapore.
ISCC PLUS certification is an international system that manages and ensures the supply chain of products made from sustainable raw materials such as biomass and, allows to apply the mass balance method. Biomass naphtha, the raw material for biomass products, is manufactured from raw materials derived from renewable materials such as plants, and thus can reduce CO2 emissions compared to naphtha derived from petroleum.
Idemitsu Kosan will supply biomass naphtha-derived feedstocks to ISM to produce biomass styrene monomer based on the mass balance method under ISCC PLUS certification. Similarly, the adjacent P(M) will produce biomass polystyrene from the biomass styrene monomer supplied by ISM. This will allow them to establish the supply chain of styrene-based biomass plastics from Japan to Malaysia.
To ensure the stable supply of styrene-based biomass products in Southeast Asia, ISM and P(M) will stably procure the various biomass feedstocks and manufacture/sell biomass products utilizing the marketing capabilities of Idemitsu International (Asia) Pte. Ltd. (Singapore), trading of petroleum and related products, and Idemitsu Chemicals Southeast Asia Pte. Ltd. (Singapore), sales of petrochemical products in southeast area.
We remind, DIC Corporation announced that it has reached an agreement with Idemitsu Kosan Co., Ltd., to build a new biomass plastics supply chain, as well as to begin exploring the production of biomass polystyrene, said the company. Actual production of biomass polystyrene, at DIC’s Yokkaichi Plant, is scheduled to commence by the second half of the fiscal year 2023.