Neste, Idemitsu Kosan, CHIMEI and Mitsubishi team on renewable plastics supply chain

October 10, 2022 |

In Finland, 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 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 to develop the renewable products’ market. 

Category: Fuels

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