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In October 2020, Japanese Prime Minister Yoshihide Suga promised that the country will achieve net zero emissions by 2050 at the latest
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In April 2021, Yoshihide Suga stated that Japan’s goal is to reduce its greenhouse gas (GHG) emissions by 46% from fiscal 2013 levels by 2030
Mitsui Chemicals announced in May this year that it plans to process biological raw materials provided by Finnish biofuel producer Nestor at its steam cracker in Osaka, starting from October 2021, in accordance with an agreement reached with Toyota Tsusho
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Mitsui Chemicals said that through this project, the company will become Japan's first cracking company using biological raw materials
Mitsui Chemicals President and CEO Hashimoto Xiu said that the chemical industry will play an important role in realizing a circular economy
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Mitsui will use Neste RE raw materials, which are 100% bio-based hydrocarbons provided by Neste, to replace part of the fossil raw materials used in the Osaka cracker from later in 2021
Asahi Kasei stated that the company's goal is to become a carbon neutral company by 2050 and plans to reduce greenhouse gas emissions by 30% or more by 2030
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Specifically, Asahi Kasei will be committed to energy decarbonization, manufacturing process innovation and business portfolio transformation, especially hydrogen production technology and carbon dioxide adsorption/utilization technology, and is expected to expand its business worldwide
Sumitomo Chemical decided in January 2021 to establish a carbon neutral strategy committee and a carbon neutral strategy cross-functional group to formulate a plan to achieve carbon neutrality by 2050
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Recently, Sumitomo Chemical announced that it will promote innovations in reducing greenhouse gas emissions related to materials and provide products that contribute to carbon neutrality from the perspective of life cycle assessment
In January of this year, Teijin also proposed a goal of achieving carbon neutrality, including reducing carbon dioxide emissions by 20% by 2030 compared to 2018, and achieving net zero emissions by 2050
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The company has introduced an internal carbon pricing (ICP) system for capital investment plans
Mitsubishi Gas Chemical has set a long-term greenhouse gas emission reduction target, and the goal is to achieve carbon neutrality by 2050
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The company plans to reduce emissions by 28% and 36% from the 2013 baseline by 2023 and 2030, respectively
In addition to the conscious behavior of major chemical companies in Japan, the Ministry of Economy, Trade and Industry (METI) and its affiliated institutions have also worked together to formulate a green growth strategy to accelerate their domestic energy transformation process
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The plan involves 14 sectors or industries with high growth potential
