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Six Japanese companies to implement infrastructure projects in Bangladesh

August 31/2021

MOSCOW (MRC) -- Major Japanese large firms are to invest about USD6.4 billion to implement six infrastructure projects in Bangladesh under the public-private partnership model, said Thedailystar.

The six companies - which include Toshiba Energy Systems & Solutions Corp, Toyo Engineering Corp, Toshiba Corporation, Japan CCS Co and All Nippon Airways Co - plan to complete the project in end-March 2025, under their proposed Regional CO2 Resource Utilization Study Business Through Electrolysis Utilizing Artificial Photosynthesis Technology. Financial details of the project were not disclosed.

Under the plan, Toshiba Energy Systems and Solutions will build a prototype of a full-scale carbon dioxide (CO2) electrolysis unit and conduct demonstration operation of the unit its Hamakawasaki Operations in Kawasaki in Kanagawa Prefecture.

Through this demonstration project the six companies will contribute to the commercialization of a SAF (sustainable aviation fue) supply chain based on carbon recycling as well as regional revitalization, they said. The six companies have previously cooperated to combine the CO2 electrolysis technology developed by Toshiba to convert CO2 into carbon monoxide (CO) via the FT process to produce sustainable aviation fuel (SAF) and to study carbon recycling business models using P2C.

This initiative was adopted as a commission project by the Ministry of the Environment and the six companies will study promoting both decarbonization and regional development by utilizing the infrastructure and characteristics of regional areas to achieve carbon recycling within those regions, the companies said.

As per MRC, Idemitsu Kosan took off-stream its naphtha cracker for a turnaround. The company halted operations at the cracker on September 7, 2020. The cracker is likely to remain under maintenance by end-October, 2020. Located at Tokuyama, Japan, the cracker has an ethylene production capacity of 690,000 mt/year and propylene production capacity of 110,000 mt/year.

Idemitsu Kosan also operates another cracker in Chiba, Japan, with an ethylene production capacity of 410,000 mt/year.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
Author:Anna Larionova
Tags:PP, PE, LLDPE, LDPE, HDPE, Idemitsu, Toyo Engineering, Japan.
Category:General News
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