Neste in collaboration to produce renewable plastics from 100% bio-based hydrocarbons in Japan
Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. announced today that they are joining forces to enable Japan’s first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons.
In this collaboration, Mitsui Chemicals will use Neste RE™, 100% bio-based hydrocarbons produced by Neste, to replace a part of the fossil feedstock in the production of a variety of plastics and chemicals at its crackers within Osaka Works during 2021. In doing so, Mitsui Chemicals will become Japan’s first company to use bio-based feedstock in its crackers. The collaboration between Neste, Mitsui Chemicals and Toyota Tsusho will enable brand owners and other potential clients in the Asian market, particularly in Japan, to start incorporating renewable plastics and chemicals into their products and offerings.
Significant reduction in greenhouse gas emissions by shifting to bio-based hydrocarbons
For this collaboration, Neste, a forerunner in producing renewable and recycled feedstock alternatives for the plastics and chemicals industry, will produce its Neste RE feedstock entirely from renewable raw materials, such as bio-based waste and residue oils, without any fossil oil. By using Neste RE, Mitsui Chemicals is able to produce plastics and chemicals with significantly reduced greenhouse gas emissions over their life cycle – spanning from the raw materials stage all the way through to product disposal – when compared to products made using fossil feedstock, such as petroleum naphtha.
Derivatives retain the same high quality as conventional petroleum-based products
The introduction of Neste-produced bio-based hydrocarbons as feedstock at the crackers will allow Mitsui Chemicals to produce renewable ethylene, propylene, C4 fraction and benzene, among others, and process them into basic chemicals such as phenol, or plastics such as polyethylene and polypropylene, without altering the high-quality of these derivatives; the quality will be on par with conventional products.
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