MOSCOW (MRC) -- Showa Denko (SDK) received an award from Chairman of the Japan Business Federation for its used-plastic chemical recycling business, said the company.
This award is part of Fujisankei Communications Group’s 29th Grand Prize for the Global Environment Award, and recognizes contributions by the business toward reducing environmental burdens through low-carbon conversion to raw materials for chemicals and resource recycling.
A presentation ceremony will be held on April 8 at Meiji Kinenkan in Tokyo with the presence of Their Imperial Highnesses Crown Prince and Crown Princess Akishino.
SDK has been conducting the used-plastic chemical recycling business since 2003. At its Kawasaki Plant, used plastic collected from home is gasified by thermal decomposition to generate hydrogen and carbon monoxide. Carbon monoxide from this process is used for production of carbon-based chemical products. Hydrogen is used as raw material for ammonia production, in fuel-cell vehicles, and for power generation at hotels using fuel cells. Thus, this business is contributing toward promotion of a low-carbon society.
While reducing CO2 emissions by avoiding incineration of used plastic, the business promotes resource recycling on land and reduces marine pollution by plastic.
As MRC informed earlier, Showa Denko K.K. (SDK) decided to establish its subsidiary’s second factory in Shanghai to produce high-purity gases for electronics.
As per MRC, Showa Denko K.K. in March 2018, it stopped production at a cracking unit in Oita (Oita, Japan) for preventive maintenance. Maintenance at this enterprise with a capacity of 691 thousand tons of ethylene per year continued until April 19, 2018.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.
Showa Denko K.K. Mainly engaged in the petrochemical business. The company's petrochemical division produces and markets industrial gases, olefins, organic chemicals, and others.
MRC