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Sumitomo Chemical plans to achieve carbon neutrality by 2050

January 20/2021

MOSCOW (MRC) -- Sumitomo Chemical has decided to establish a Carbon Neutral Strategy Council and a Carbon Neutral Strategy Cross-Functional Team on February 1, 2021, in order to promote and formulate the Sumitomo Chemical Groupís strategies for achieving carbon neutrality by 2050, according to Kemicalinfo.

Sumitomo Chemicalís approaches to carbon neutrality strategies:

     - To minimize greenhouse gas emissions associated with the Groupís production activities through innovation, and provide and deploy new technologies across the world.
     - To drive innovations for greenhouse gas emissions reduction regarding materials used in society, and provide products and solutions that contribute to carbon neutrality from a Life Cycle Assessment perspective.
     - To actively engage in the development of technologies for recovery, separation, use and storage of greenhouse gasses emitted from other industries and from communities, and help the process by becoming part of a system that implements such technologies in society.
     - To take on the long-term challenge of developing carbon negative technologies to reduce the absolute volume of greenhouse gas in the atmosphere.

A Carbon Neutral Strategy Cross-Functional Team is also set up as an administrative office for the Council. This is a cross-sectoral team led by executive officers supervising research planning and coordination, responsible care, and related functions.

The team will play a major role in incorporating into the companyís strategies multifaceted approaches unique to a diversified chemical company, such as society-wide implementation of innovative energy-storage and energy-saving technologies, the establishment of effective carbon cycles, promoting the supply and use of hydrogen (including ammonia), and contributing to reducing greenhouse gas emissions in the livestock and agricultural sectors.

As MRC reported earlier, in December 2020, Sumitomo Chemical and Axens signed a license agreement of ethanol-to-ethylene technology Atol for Sumitomo Chemicalís waste-to-polyolefins project in Japan. In the project, to promote circular economy, Axensí Atol technology will transform ethanol produced from waste into polymer-grade ethylene that will be polymerized in Sumitomo Chemicalís assets into polyolefin, a key product in the petrochemical industry.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia decreased in January-November 2020 by 17% year on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the greatest reduction in imports. At the same time, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, HDPE, ethylene, petrochemistry, recikling, Axens, Sumitomo, Russia, Japan.
Category:General News
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