Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries. Mitsui has over 5,500 employees and deploys talent around the globe to identify, develop, and grow businesses in collaboration with a global network of trusted partners. (8031: JP) is a global trading and investment company with a diversified business portfolio that spans approximately 64 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic. ![]() The unique purification process removes color, odor, and other impurities from No. 5 plastic) into a continuously renewable resource. PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as No. PureCycle's first PP recycling plant in Asia is planned to open in 2025 in South Korea. Earlier this year, the company announced the site of its first polypropylene recycling facility in Europe at the Port of Antwerp-Bruges' Next Gen District in Belgium. This is the latest example of PureCycle's global-growth strategy. By securing plastic waste as the raw material, manufacturing recycled polypropylene resin, and expanding the applications of the material for consumer goods, food containers and automobile interiors, Mitsui aims to make a significant contribution to the creation of the more sustainable society." 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. PureCycle uses a patented technology that can remove virtually all contaminants, colors and odors from polypropylene plastic waste (designated as No.5 plastic) and transform it into an ultra-pure plastic resin that can be used multiple times.Ĭhief Operating Officer of the Performance Materials Business Unit at Mitsui Hiroshi Kakiuchi commented, "Mitsui has identified 'sustainability management and the evolution of ESG' as key areas of its Corporate Strategy. We believe this site will become a strategic sustainable supply location for critical Japanese industries like automotive, electronics, and consumer product companies." The final options for site locations are located between major population and industrial centers, so we can optimize supply chain activities for both feed and product. ![]() This HOA is a major step forward in the process of bringing a true circular solution to Japan for polypropylene plastic waste. PureCycle CEO Dustin Olson said, "We need strong global partners like Mitsui to solve the global plastic waste crisis. The first plant is designed to transform PP waste into an ultra-pure recycled (UPR) resin and expected to have an annual capacity of 59,000 metric tons (130 million pounds). The two sides are targeting completion of a plant in 2026.
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