ABU DHABI, 18th July, 2023 (WAM) — Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s clear power powerhouse, Mitsubishi Chemical Group Corporation (MCG) and INPEX CORPORATION signed an settlement to discover manufacturing of the world’s first commercial-scale polypropylene created from CO2 and inexperienced hydrogen in Abu Dhabi. The inexperienced hydrogen and CO2 will likely be transformed to e-methanol which is able to subsequently be transformed to propylene and polypropylene.
The execution of the settlement was introduced throughout the Japan-UAE Business Forum, in Abu Dhabi, attended by HH Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Japan’s Prime Minister, HE Fumio Kishida . The three firms will examine the techno-economic feasibility of a commercial-scale inexperienced hydrogen to e-methanol and polypropylene undertaking.
Masdar’s CEO, Mohamed Jameel Al Ramahi, stated, “We are very excited to be partnering with flagship Japanese companies, Mitsubishi Chemical Group and INPEX. Our organizations share a firm belief in the power of innovation to create a better tomorrow. Today’s agreement will enable us to join forces and further unlock the potential of green hydrogen to drive industry and growth while reducing emissions.”
Mitsubishi Chemical Group’s CEO, Jean-Marc Gilson, stated, “The chemical industry is now faced with the dual challenge of reducing its GHG emissions, while actively participating and leading the transition to a carbon neutral economy. With that focus in mind, our ambition to use CO2 as a key starting raw material is a very important stepping stone towards a sustainable future and we are looking forward to using our expertise to contribute to the success of this project.”
INPEX President & CEO Takayuki Ueda, stated, “We look forward to working together with MASDAR and MCG to pursue a green hydrogen to e-methanol and polypropylene supply chain linking the UAE and Japan. This initiative is fully aligned with our decarbonization efforts as well as our long-term commitment to Abu Dhabi, which is one of our core business areas. We hope to leverage this opportunity to enhance our clean energy solutions and help realize a net-zero society by 2050.”
Polypropylene, a kind of plastic materials, is used to fabricate on a regular basis gadgets comparable to bottles, jars and meals packaging. E-methanol, which will even be produced by the undertaking, is a key artificial gas that can be utilized to decarbonize maritime transportation By growing this undertaking, Masdar, MCG and INPEX goal to help laborious to abate sectors together with the maritime sector and industries to scale back their carbon footprints.
Masdar, Mitsubishi Chemical Group and INPEX discover organising world’s first commercial-scale polypropylene manufacturing utilizing inexperienced hydrogen and CO2
