Sumitomo Chemical, Maruzen Petrochemical and Mitsui Chemicals have agreed to study the feasibility of collaborative projects to achieve carbon neutrality at the Keiyo Coastal Industrial Complex in Chiba. This is part of climate change targets all three have developed individually.

The initiative will mainly comprise measures to reduce greenhouse gas emissions, such as diversifying feedstocks, using biomass, new chemical recycling and material recycling technologies, converting to new kinds of fuels and the renewal of associated infrastructure.

Mitsui Chemicals has announced that its Y1,830/share tender offer for the common stock of its Japanese compatriot, Honshu Chemical Industry, was completed on 11 June. The company had originally announced its intention to buy most of Honshu Chemical eight months previously.