Mitsubishi Chemical Group advertisement the signing of a research and development (R&D) collaboration agreement with TNO, an independent research organization in the Netherlands.
This collaboration takes place at the R&D Center for Plastic Waste Processing, launched by the Low Carbon Emission Technologies (LCET) initiative of the World Economic Forum (WEF). As a founding member, Mitsubishi Chemical Group is the only Japanese chemical company to participate in this center.
The R&D Center represents a joint initiative of seven major global chemical companies, including BASF, Covestro, Dow, SABIC, Solvay and LyondellBasell, together with TNO.
This pioneering project in the chemical industry aims to achieve a zero net balance and materialize a circular future through global collaboration and joint development between companies.
Mitsubishi launches an investment fund for new sustainable technologies
Under this collaboration agreement, the R&D Center will focus on the development of new technologies for waste processing with a lower carbon footprint and higher plastic waste recycling rates. The first R&D project is expected to start at the end of 2023.
Mitsubishi reaffirmed its commitment to deliver innovative solutions to achieve sustainable net-zero growth. This R&D collaboration not only strengthens its position in the chemical industry, but also contributes to addressing the challenges associated with managing plastic waste and reducing the carbon footprint in chemical production.
In a statement, the group said that “Mitsubishi is proud to be part of this global initiative and hopes to actively contribute to the development of more sustainable and efficient technologies in the processing of plastic waste, in line with its objectives of responsible growth and preservation of the environment.” atmosphere”.