Neste and Mitsubishi Corp. (MC) have formed a partnership with a focus on creating value chains for renewable chemicals and plastics for Japanese brands.

Source: Recycling Today

The collaboration targets brands in various sectors like food and beverage, apparel, and consumer electronics with the aim of establishing defossilized supply chains for brand owners in Japan.

Through this partnership, we will be able to provide sustainability-minded companies in Japan with a full package to reduce their plastics-related GHG emissions. Together, we can provide the materials and the know-how. Together, we can also get the materials into the value chains, making it easier for companies to make the switch to more sustainable solutions.

Carrie Song, Commercial Senior Vice President, Neste

Neste will contribute its sustainability expertise and sustainable materials, including the renewable Neste RE, a bio-based raw material for plastic production. On the other hand, MC will leverage its experience in business development and supply chain management of petrochemical products and derivatives in the region. This joint effort aims to provide holistic solutions to Japanese brands seeking to reduce greenhouse gas emissions and minimize reliance on fossil resources in their supply chains.

Our strength lies in our capability to establish supply chains and access a wide variety of brand owners in Japan. We have cultivated this strength over many years through traditional trading and strategic investments in collaboration with trusted partners. Recognizing that these achievements cannot be made alone, we are eager to strengthen our relationship with Neste. We are thrilled to expand our network to include partners who share similar values, thereby generating economic, societal and environmental benefits to meet the needs of society.

Yoshiyuki Watanabe, Business Development Division COO, Mitsubishi

Previously, Neste and MC have worked together on various projects, such as collaborating with partners to produce renewable PET bottles for Suntory Holdings Ltd. and engaging in a multi-party project to create apparel from bio-based materials for Goldwin Inc.