In a strategic move to enhance its business portfolio and reinforce its commitment to sustainable growth, Mitsubishi Chemical Group Corporation has recently announced the decision to transfer shares of its subsidiary, PT Mitsubishi Chemical Indonesia (MCCI). The shares will be transferred to PT Lintas Citra Pratama, a company with plans to commercialize paraxylene, a key … Read more
Proman has signed an MoU with Mitsubishi Corporation to explore building a world-scale ultra-low-carbon ammonia facility in Lake Charles, Louisiana. The proposed plant would produce approximately 1.2 million tonnes per year of clean ammonia by incorporating state-of-the-art carbon capture and sequestration technology. The proposed ultra low-carbon ammonia facility will be located on Proman’s existing site … Read more
The Mitsubishi Chemical Group announces that it has decided to increase the γ-butyrolactone (gamma-butyrolactone; “GBL”) production capacity of its Okayama Plant (Kurashiki City, Okayama Prefecture) by 2,000 tons/year. This expanded production is scheduled to start in July 2024. GBL is a high-purity solvent used as an electrolyte for capacitors and semiconductor parts cleaning solutions. It … Read more
Fluor Corporation (NYSE: FLR) announced that it was awarded an engineering, procurement and construction (EPC) contract by Mitsubishi Chemical Group for its SoarnoL™ ethylene vinyl alcohol copolymer (EVOH) facility in Saltend Chemicals Park, Hull, United Kingdom. Fluor booked its undisclosed portion of the contract in the second quarter of 2023. “Fluor values our relationship with … Read more
Japan’s Mitsubishi Chemical Holdings Corp (MCHC) announced plans to exit petrochemicals and carbon products businesses on its road to carbon neutrality by 2050. Japan’s largest chemicals maker said it will “carve-out” its petrochemicals and carbon products businesses by fiscal 2023. “In the medium term it is our goal to completely exit these businesses,” CEO Jean-Marc … Read more
Apollo Global Management, Inc. announced that funds managed by its affiliates have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical Corporation. MAFTEC is a global leader in thermal and emission control protection materials, primarily for the indus-trial and automotive industry as OEMs adopt their chemical fiber … Read more
Mitsubishi Corporation and Shell Canada have signed a Memorandum of Understanding relating to the production of low-carbon hydrogen through the use of carbon capture and storage (CCS) near Edmonton, Canada. Mitsubishi aims to build and start-up the low-carbon hydrogen facility near the Shell Energy and Chemicals Park Scotford towards the latter half of this decade, … Read more
Mitsubishi Heavy Industries, Ltd. announced that it has invested in Starfire Energy Inc, a US developer of modular chemical plants for green ammonia and hydrogen production. The partnership with the Colorado-based company will “advance the development of commercial scale applications to decarbonise ammonia production and unlock its potential as a zero-carbon energy carrier”, MHI said … Read more
Saudi-based Advanced Petrochemical Company, a key manufacturer of polypropylene products, said its subsidiary, Advanced Global Investment Company (AGIC), has signed off-take agreements for the sale of polypropylene with US-based Vinmar International and Tricon Dry Chemicals – and Mitsubishi Corporation of Japan. As per the long-term deal, AGIC will supply 250,000 metric tonnes per annum of … Read more
Arlanxeo Canada, a subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), and Diamond Petrochemicals Canada, a subsidiary of Japan’s Mitsubishi, have announced the execution of an agreement between the companies, where Arlaxeo will sell its olefins business to Mitsubishi Corp. Arlanxeo’s olefins unit is located at the bio-industrial park Sarnia in Ontario, Canada and … Read more
Mitsubishi Chemical Holdings Corporation (MCHC) has announced the transfer of Life Science Institute Inc’s affiliate, Qualicaps to Mitsubishi Chemical Corporation (MCC), with effect from 1 July. “Through this transfer, MCC will enable Qualicaps to provide higher value-added solutions to the global capsule market by not only strengthening manufacturing technology leveraging mutual resources and accelerating chemical … Read more
Mitsubishi Gas Chemical Company, Inc. (MGC) to build a production facility for industrial hydrogen peroxide (IHP) at its Taiwanese subsidiary in order to further develop the company’s business for super-pure hydrogen peroxide (SPHP) used in semiconductor production processes. SPHP is used primarily as a cleaning, etching and abrading agent in semiconductor wafer and device manufacturing … Read more
Asahi Kasei Mitsubishi Chemical Ethylene, a joint venture of Asahi Kasei Corp and Mitsubishi Chemical Corp, said it will restart operation at its naphtha cracker in Mizushima, Okayama prefecture on 24 January, after completing planned repair of the unit’s troubled refrigeration system. The naphtha cracker automatically shut down on 14 January after it detected a … Read more
Royal Vopak, Mitsubishi Corporation, Covestro and AP Ventures invest €17 million into Hydrogenious LOHC Technologies GmbH and its Liquid Organic Hydrogen Carrier (LOHC) technology for hydrogen logistics. With its innovative Liquid Organic Hydrogen Carrier technology, Hydrogenious LOHC Technologies was able to attract further strong partners. In addition to AP Ventures, who invested in the German-based … Read more
Mitsubishi Chemical Holdings Corporation (MCHC) and its group’s think tank and research institute, The KAITEKI Institute, Inc. on Wednesday announced that they have jointly established “The Global KAITEKI Center” on campus in cooperation with Arizona State University (ASU) in the U.S. on April 1. The center will focus on research aimed at realizing a sustainable … Read more