Japanese companies join forces to decarbonise ethylene production [Yahoo! Finance]
ASAHI KAISEI CRP UNSP/ADR (AHKSY)
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Source: Yahoo! Finance
The collaboration follows their selection for the Ministry of Economy, Trade and Industry's 'Fiscal 2025 Support Program for Energy and Manufacturing Process Conversion in Hard-to-Abate Industries' (HtA Support Programme). The initiative seeks to introduce biomass feedstock as an alternative to petroleum-derived resources. The companies plan to establish a joint operating entity to manage their two ethylene production facilities, resulting in the eventual closure of the Asahi Kasei Mitsubishi Chemical Ethylene (AMEC) facility at the Mizushima Plant in Kurashiki, Okayama Prefecture. Operations will be consolidated at the Osaka Petrochemical Industries (OPC) facility in Takaishi, Osaka, by fiscal year 2030. As part of this transition, Asahi Kasei and Mitsubishi Chemical will make equipment modifications at OPC's Senboku Factory and other relevant sites. Following the cessation of production at AMEC's Mizushima Plant, its equipment will be dismantled, with plans to explore poten
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