Neste, Idemitsu Kosan, CHIMEI, Mitsubishi build Asia bioplastics supply chain

Pearl Bantillo


SINGAPORE (ICIS)–Finland’s Neste, Japan’s Idemitsu Kosan and Mitsubishi Corp, and Taiwan’s CHIMEI Corp have agreed to build a renewable plastic supply chain using bio-based hydrocarbons (Neste RE) to produce styrene momomer (SM) and its renewable plastics derivatives.

The bio-SM production will be the first in Japan, while the renewable plastics production will be the first in Taiwan, and “they are planned to take place in the first half of 2023”, the firms said in a joint statement on Monday.

Under the collaboration, Neste RE – which is produced from 100% bio-based raw materials such as waste and residues – will be provided to Idemitsu Kosan, which is the biggest SM producer in Japan.

Idemitsu Kosan’s bio-based SM output will then be supplied to CHIMEI, which produces downstream acrylonitrile butadiene styrene (ABS).

Mitsubishi Corp is tasked with coordinating the collaboration between the value chain partners and develop renewable product’s market.

(recasts paragraph 2 for clarity)

“With this, the companies are contributing to the plastics industry GHG (greenhouse gas) emission reduction targets and the transition towards a low-carbon emission society,” they said.


Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?