TSE:3407Chemicals
Ethylene Alliance And Bioethanol Push Could Be A Game Changer For Asahi Kasei (TSE:3407)
Asahi Kasei, Mitsui Chemicals, and Mitsubishi Chemical previously agreed to form a joint operating entity to consolidate ethylene production in western Japan, backed by Japan’s HtA Support Program and a ¥21.20 billion investment to shift toward biomass-based and lower-emission processes.
By pairing facility consolidation with Asahi Kasei’s Revolefin™ technology and a government subsidy of up to ¥10.40 billion, the alliance targets meaningful carbon footprint reductions and a new pathway for...