has signed a memorandum of understanding (MOU) with PureCycle to jointly develop a
project in Japan.
Through this partnership with PureCycle, Mitsui aims to support the Japanese government's goal to
and enhance supply capability of recycled polypropylene ("PP") resin. PP is a substance widely used to produce packaging materials and automobile parts, but which has proven difficult to recycle and purify due to the use of additives, such as colorants, during the manufacturing process.
Ultra-pure Recycled Polypropylene
Using cutting-edge technology, PureCycle has succeeded in producing Ultra-Pure Recycled Polypropylene (UPRP), a recycled PP material with similar quality as virgin resin, from plastic waste. PureCycle is seeing strong demand from premium brands, like L'Oreal, who are looking to deliver recycled content into premium applications without sacrificing quality.
Hiroshi Kakiuchi, managing officer, chief operating officer of performance materials business unit at Mitsui said, "Mitsui has identified "sustainability management and the evolution of ESG" as key areas of its Corporate Strategy. Through this new joint project with PureCycle, Mitsui aims to contribute to the overall reduction of plastic waste and the establishment of a circular economy in Japan. By securing plastic waste as the raw material, manufacturing recycled PP resin, and expanding the applications of the material for consumer goods, food containers, and automobile interiors, Mitsui aims to make a meaningful contribution to the creation of the more sustainable society."
Mike Otworth, CEO of PureCycle, said, "We believe Mitsui is the best partner for PureCycle to help us lead and navigate the process of building an ultra-pure recycled polypropylene plant in Japan. Through the collaboration with Mitsui, we are now one step closer to our goal of reducing plastic waste across the world and revolutionizing the way people use plastic products. There is no reason polypropylene waste shouldn't be recycled and transformed into an ultra-pure, sustainable polypropylene."
Mitsui's Complete Product RangeSource: Mitsui