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China Petrochemical News Net, according to the ICIS website on June 1st, BASF and Mitsui Chemicals said in a joint statement on Tuesday that they have begun a joint study to promote chemical recycling in Japan.
The two companies said in a statement: "BASF and Mitsui Chemicals will evaluate the business model and various options for cooperation to commercialize chemical recycling in Japan to meet the challenges of local plastic waste recycling.
Starting from 2025, BASF's goal is to process 250,000 tons of recycled raw materials annually to replace fossil raw materials.
Akio Hirahara, Executive President of Mitsui Chemicals, said: "Combining BASF's expertise in chemical recovery with our assets in Japan, such as our technology and ethylene crackers, will be an important contribution to the establishment of a circular economy in Japan.
As part of the cooperation, BASF and Mitsui Chemicals also plan to accelerate discussions with relevant ministries, agencies, and industry groups to implement chemical recycling in Japan and promote the effective use of recycled materials in the country.
Wang Lei is an excerpt from ICIS
The original text is as follows:
BASF, Mitsui Chemicals starts study to promote chemical recycling
BASF and Mitsui Chemicals have started a collaborative study to promote chemical recycling in Japan, the two firms said in a joint statement on Tuesday.
"BASF and Mitsui Chemicals will evaluate collaborative business models and various options to commercialize chemical recycling in Japan to address the local challenge of plastic waste recycling," they said in a statement.
From 2025, BASF aims to process 250,000 tonnes of recycled feedstock annually, replacing fossil raw materials.
"Combining BASF's expertise in chemical recycling with our assets in Japan, such as our technologies and ethylene crackers, will be a major step to contribute towards building a circular economy in Japan," said Akio
Hirahara, the managing executive officer of Mitsui Chemicals.
As part of their cooperation, BASF and Mitsui Chemicals also plan to accelerate discussions with related ministries, agencies, and industry groups for implementation of chemical recycling in Japan, and promote the effective and efficient use of recycled materials in the country.
