03.08.2023

Asahi Kasei Corp. (Head Office: Chiyoda-ku, Tokyo; President: Koshiro Kudo; hereinafter referred to as "Asahi Kasei") and Mitsui & Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Osamu Hashimoto; hereinafter referred to as "Mitsui") will establish a supply and procurement system for bio-methanol produced in the United States. Through this system, Asahi Kasei plans to use the bio-methanol procured from Mitsui to produce engineering plastics in Japan with a lower carbon footprint than the current product lineup.

Background

Today, companies are increasingly working to reduce GHG emissions throughout their product supply chains, including greenhouse gas (GHG) emissions from raw materials, known as Scope 3, in order to achieve carbon neutrality by 2050, as advocated by the Japanese government. Asahi Kasei is working to reduce GHG emissions by manufacturing products using biomass-based materials with low GHG emissions in various engineering plastics such as Tenac™ polyacetal (POM) resin. In this context, Asahi Kasei and Mitsui have worked together to find solutions to these issues.

Content of the initiative

Image: Diagram of the process from raw material through the manufacturing process to the product; Copyright: Asahi Kasei Corporation

Source: Asahi Kasei Corporation

In the United States, Mitsui procures RNG (renewable natural gas) generated from municipal waste landfills in the form of biogas, and uses it in the mass-balance approach² to produce bio-methanol at Fairway Methanol, a local joint venture. Asahi Kasei and Mitsui have acquired the International Sustainability & Carbon Certification (ISCC PLUS certification) in their supply chains in order to reliably convey their sustainability features to final products. This will enable Asahi Kasei to procure bio-methanol manufactured by Mitsui, and to sell various types of engineering plastics made with this raw material allocated using the mass-balance approach.

Future outlook

The Asahi Kasei Group aims to contribute to a carbon-neutral and sustainable world from the perspective of “Care for Earth” by focusing on initiatives such as the use of biomass raw materials, recycled raw materials, and renewable energy. The company strives to meet the expectations of its customers and society by further advancing the provision of products and services with such sustainable characteristics while deepening collaboration with other companies based on its medium-term management plan for fiscal 2024 focused on the theme "Be a Trailblazer."

Mitsui is striving to reduce the Scope 3 GHG emissions of its customers using the expertise, knowledge, and products of a variety of businesses, including the provision of low-carbon methanol such as bio-methanol, and to contribute to the sustainable development of all society.