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Neste and Mitsubishi partner to accelerate Japan’s bio-based plastics production
Publish date: 2024-07-19
Neste and Mitsubishi Corporation (MC) are developing value chains for plastics and renewable chemicals for the Japanese market.
The partners are targeting brands in F&B, apparel and consumer electronics industries.
“The transition toward more sustainable, such as renewable, solutions in the polymers and chemicals industry has been primarily led by forerunner companies and brands on a voluntary basis,” a Neste spokesperson tells Packaging Insights.
However, Japan has set a target to produce approximately 2 million metric tons of plant-based plastics annually by 2030 and to achieve carbon neutrality by 2050.
“We see that supportive legislative frameworks are necessary to speed up the much needed industry transformation and will drive the demand for more bio-circular products and their acceptance.”
The partners are targeting brands in F&B, apparel and consumer electronics industries.
“The transition toward more sustainable, such as renewable, solutions in the polymers and chemicals industry has been primarily led by forerunner companies and brands on a voluntary basis,” a Neste spokesperson tells Packaging Insights.
However, Japan has set a target to produce approximately 2 million metric tons of plant-based plastics annually by 2030 and to achieve carbon neutrality by 2050.
“We see that supportive legislative frameworks are necessary to speed up the much needed industry transformation and will drive the demand for more bio-circular products and their acceptance.”
Source: Packaging Insights
