ENEOS and Mitsubishi Chemical complete chemical recycling facility for plastic-to-oil conversion
ENEOS Corporation and Mitsubishi Chemical Corporation announced that the chemical recycling facility for plastic-to-oil conversion business, which had been under construction at Mitsubishi Chemical’s Ibaraki Plant (at Kamisu City, Ibaraki Prefecture, Japan) since July 2021, has been completed.
A ceremony was held to mark its completion on July 2.
This facility employs hydrothermal plastic recycling technology (Hydro-PRT™) that features supercritical water to chemically break down waste plastic procured externally and convert it into oil. The technology has been made available under a license agreement with UK-based Mura Technology Ltd.
The recycled oil produced with the technology is used as feedstock at both companies’ existing refinery and naphtha cracker and reprocessed into petroleum products and various chemicals and plastics, thereby helping to realize a circular economy.
A conceptual diagram of the plastic-to-oil conversion supply chain. (Source: Mitsubishi Chemical)
In addition, this facility plans to obtain ISCC PLUS certification, one of the international certification systems for sustainable products. Once the facility is certified, the two companies will be able to offer various products made from the recycled oil.
ENEOS and MCC will promote initiatives that contribute to the energy and materials transition and the circular economy, in pursuit of realizing a carbon-neutral and circular society through the plastic-to-oil conversion business.
