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Mitsubishi to license technology for biomass-based PU and polyester polyols

May 19/2017

MOSCOW (MRC) -- Mitsubishi Chemical Corporation (MCC) has announced that it will move ahead to promote cooperation and licensing of its basic patent (the patent family of WO2011/125720) for the production of biomass-based polyurethane and polyester polyol with external organisations, reported GV.

According to MCC, this patent is broadly applicable for business activities such as manufacturing and sales of these products. The patent has been granted in Japan. Corresponding patents have been granted in the USA, Korea and China, and the company has also filed patent applications in other countries.

MCC said it will move actively to promote the spread of biomass-based products and to expand its own business, through cooperation and licensing with final consumer product makers as well as product manufacturing and sales companies, and contribute to global environmental sustainability. At the same time, MCC said it will take every appropriate action to defend its patent from any infringements.

As MRC wrote before, in July 2016, oversupply of purified terephthalic acid (PTA), mainly from China, prompted Mitsubishi Chemical to off load Indian as well as Chinese PTA businesses. Thus, Mitsubishi Chemical Holdings is planning to sell its PTA business, the primary raw material used to manufacture various polyester products and polyethylene terephthalate (PET), in India and China amid profitability concerns with oversupply of the acid, mainly from China, according to a Nikkei Asian Review report.

Mitsubishi Chemical with headquarters in Tokyo, Japan, is a diversified chemical company involved in petrochemicals, polymers, agrochemicals, speciality chemicals and pharmaceuticals. The company's main focus is on three business pillars: petrochemicals, performance and functional products, and health care.

Author:Margaret Volkova
Tags:polyether, PET, bioplastiki, poliuretan, terephthalic acid, Mitsubishi Chemical, India, China, Japan.
Category:General News
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