Mitsubishi Chemical Group Corporation
World Economic Forum’s Net Zero Initiative relaunched as Global Impact Coalition ……
In November 2023, the Mitsubishi Chemical Group*1 (hereinafter referred to as the “Company Group”) will participate in the World Economic Forum’s (hereinafter referred to as “WEF”) Low-Carbon Emitting Technologies initiative (hereinafter referred to as “LCET”). We are pleased to announce that we have become independent from the WEF and established a new organization, the Global Impact Coalition (hereinafter referred to as “GIC”). Our group is the only member company in Japan of GIC.
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. Led by the CEOs of each company, we are creating cutting-edge projects that are faster and more scaled up than ever before, with the aim of developing and implementing technologies that reduce carbon emissions in the chemical industry and related value chains. To go. We will play a key role in achieving net zero and sustainable growth by focusing on approaches such as innovating, exploring partnerships and developing manufacturing methods that deliver net zero. LCET, the predecessor of GIC, has been actively working on several projects: With this independence and restart, GIC will further promote various projects that contribute to “Transformation for a net-zero chemicals industry.” ●The R&D Hub for Plastic Waste Processing A joint project to conduct research and development on plastic recycling through global collaboration across companies to achieve net zero and realize a recycling-oriented society. ●Electrically Heated Steam Cracker FurnaceA joint project to construct the world's first large-scale electrically heated steam cracker demonstration plant. *1 Mitsubishi Chemical Group is the collective term for Mitsubishi Chemical Group Corporation and its group companies. For reference ● GIC announcement dated November 30, 2023 “Net-zero chemicals industry initiative relaunches as the Global Impact Coalition”
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https://globalimpactcoalition.com/net-zero-chemicals-industry-initiative-relaunches-as-the-global -impact-coalition/●May 22, 2023 Mitsubishi Chemical Group Announcement “World Economic Forum’s plastic recycling joint research and development project ‘R&D Hub for Plastic Waste Processing’ starts in earnest” https://www.mcgc.com/news_release /01602.html●March 24, 2021 SABIC announcement “SABIC FORMS COLLABORATION TO REALIZE THE WORLD’S FIRST ELECTRICALLY HEATED STEAM CRACKER FURNACE”https://www.sabic.com/en/news/26644-sabic-forms-collaboration- to-realize-the-world-s-first-electrically-heated-steam-cracker-furnace ●GIC website: https://globalimpactcoalition.com/
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