Neste and Mitsui Chemicals to make plastics and chemicals from bio-based hydrocarbons

Neste Corporation, Mitsui Chemicals Corporation and Toyota Tsusho Corporation announced that they will join forces for the first industrial-scale production of renewable plastics and chemicals from 100 percent bio-based hydrocarbons in Japan
.

In this collaboration, Mitsui Chemicals will use Neste RE(tm), a 100% bio-based hydrocarbon produced by Neste, to replace some of the fossil feedstock in the production of various plastics and chemicals
.

Neste RE is an efficient solution that can be used alone or mixed to create products of the same quality as those produced from traditional feedstocks based on virgin petroleum
.

In doing so, Mitsui Chemicals will be the first company in Japan to use bio-based feedstocks in its cracking furnaces
.

The partnership between Neste, Mitsui Chemicals and Toyota Tsusho will enable brand owners and other potential customers in the Asian market, especially in Japan, to start incorporating renewable plastics and chemicals into their products and services
.

The Neste RE feedstock will be made entirely from renewable feedstocks such as bio-based waste and residual oil, without any petrochemicals
.

By using Neste RE, Mitsui Chemicals is able to produce plastics and chemicals with significant reductions in greenhouse gas emissions over their lifecycles
.
Mitsui Chemicals will be able to produce renewable ethylene, propylene, C4 fractions and benzene, etc.
and process them into basic chemicals such as phenol or plastics such as polyethylene and polypropylene without changing the quality of these derivatives; the quality of which will be comparable to traditional products
.

Mitsui Chemicals and Toyota Tsusho intend to obtain the International Sustainability and Carbon Certification (ISCC), which is widely accepted in Europe
.

Akio Hirano, corporate sustainability management executive at Mitsui Chemicals, said: "To achieve carbon neutrality by 2050, Mitsui Chemicals is seeking to help achieve a circular economy by pursuing two pillars of recycling and using bio-based alternatives
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"Converting fossil feedstocks to bio-based feedstocks contributes to the fight against global warming and is seen as an important strategic priority to drive carbon neutrality by 2050.

With this in mind, Mitsui Chemicals will not only utilize high-quality biological based on feedstocks and processes to develop materials, and will also work with stakeholders to make biomass widely available in society
.
"

“Bringing sustainable plastics and chemicals to market can only be successful when all parties in the value chain work closely together
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We are therefore very excited about our partnership with Mitsui Chemicals and Toyota Tsusho, two industry leaders Together with us, we will start producing high-quality, high-performance plastics from 100% bio-based Neste RE for the first time in Japan
.
Through this collaboration, we can significantly reduce emissions associated with the use of fossil feedstocks and help Japan achieve its national climate The biocomposition targets related to polymers are perfectly in line with Neste’s purpose and drive towards a circular
bioeconomy,” said Mercedes Alonso, Executive Vice President of Neste’s Renewable Polymers and Chemicals Division
.

Kazuyuki Urata, Chief Operating Officer of Toyota Tsusho Chemicals and Electronics Division, said: "We are very pleased that our ten years of experience has brought one of the best circular economy solutions from upstream to downstream to our plastics market
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This project is a great fit for support Progress on material sustainability issues identified by our company
.
”