Mitsui Chemicals strengthens its bio-based feedstock portfolio with investment in Apeiron Bioenergy
Latest News:Mitsui Chemicals Co., Ltd. (Tokyo) announced an investment in Apeiron AgroCommodities Pte., which will be renamed Apeiron in June 2022
Bioenergy (Singapore). Apeiron
Bioenergy is one of the largest collectors and sellers of waste cooking oil in Southeast Asia and China, which can be used as a feedstock for the production of bio-based chemicals and plastics. The investment will help Mitsui Chemicals expand its sourcing of biomass raw materials to meet its growing demand for bio-based chemicals and plastics.
In the push for a carbon-neutral society, players around the world are stepping up efforts to replace petroleum-derived raw materials and fuels with waste- or biomass-based alternatives. However, given the limited supply of these raw materials to meet growing demand, raw material safety is expected to become an increasingly important point going forward.
There are many options for waste-based biomass feedstocks, however, waste cooking oil contributes the most to reducing greenhouse gas emissions – besides, its inedibility means it does not cause food shortages.
For Mitsui Chemicals, Apeiron Bioenergy
The investment will help ensure a steady supply of bio-based hydrocarbons, which are the raw materials for bio-based chemicals and plastics. Meanwhile, for Apeiron
For Bioenergy, the move will add a steady source of new demand. The investment will also deliver wider benefits, helping to expand the bio-based chemicals and plastics market through business models that combine carbon neutrality with a circular economy.