Bio-resin supply chain

Mitsubishi Corporation, Finnish oil company Neste, Idemitsu Kosan, an energy company based in Japan, and Taiwan-based resin specialist Chimei have agreed to build a renewable plastics supply chain.

The companies plan to use Neste’s bio-based hydrocarbons to make styrene monomer and its derivatives including acrylonitrile butadiene styrene (ABS).

Plans are for production to begin in the first half of 2023.

Neste RE is produced from 100% bio-based raw materials such as waste and residues, the companies say.