SINGAPORE (ICIS)--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 d 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.