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Home page>PRESS RELEASE>Companies News>Masdar, Mitsubishi Chemi...
INDUSTRIAL


MASDAR, MITSUBISHI CHEMICAL GROUP AND INPEX EXPLORE SETTING UP WORLD’S FIRST
COMMERCIAL-SCALE POLYPROPYLENE PRODUCTION USING GREEN HYDROGEN AND CO2


The execution of the agreement was announced during the Japan-UAE Business
Forum, in Abu Dhabi. Image Courtesy: Masdar

Flagship UAE and Japanese firms join forces to explore setting up world’s first
commercial-scale e- polypropylene production in Abu Dhabi


Press Release

July 18, 2023

INDUSTRIAL

> PHOTO
> The execution of the agreement was announced during the Japan-UAE Business
> Forum, in Abu Dhabi. Image Courtesy: Masdar

 * Signing witnessed by  HH Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu
   Dhabi Executive Council, and Japan’s Prime Minister, HE Fumio Kishida, during
   Japan-UAE Business Forum in Abu Dhabi
 * In lead-up to UAE hosting COP28, collaboration displays UAE’s flagship
   renewable energy company’s commitment to forging global partnership to
   advance green hydrogen development towards net-zero future

Abu Dhabi: Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy
powerhouse, Mitsubishi Chemical Group Corporation (MCG) and INPEX CORPORATION
signed an agreement to explore production of the world’s first commercial-scale
polypropylene made from CO2 and green hydrogen in Abu Dhabi. The green hydrogen
and CO2 will be converted to e-methanol which will subsequently be converted to
propylene and polypropylene.

The execution of the agreement was announced during 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 companies will investigate the techno-economic feasibility of a
commercial-scale green hydrogen to e-methanol and polypropylene project.

Masdar’s CEO, Mohamed Jameel Al Ramahi, said, “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, said, “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, said, “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 type of plastic material, is used to manufacture everyday items
such as bottles, jars and food packaging.  E-methanol, which will also be
produced by the project, is a key synthetic fuel that can be used to decarbonize
 maritime transportation  By developing this project, Masdar, MCG and INPEX aim
to support hard to abate sectors including the maritime sector and industries to
reduce their carbon footprints.





About Masdar

Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and
one of the largest companies of its kind in the world, advancing the development
and deployment of renewable energy and green hydrogen technologies to address
global sustainability challenges. Established in 2006, Masdar is today active in
over 40 countries, helping them to achieve their clean energy objectives and
advance sustainable development. Masdar is jointly owned by Abu Dhabi National
Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi
National Energy Company (TAQA), and under this ownership the company is
targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW)
by 2030 and an annual green hydrogen production capacity of up to 1 million
tonnes by the same year.

Contacts:
For media inquiries, please contact: press@masdar.ae
For more information please visit: http://www.masdar.ae and connect:
facebook.com/masdar.ae and twitter.com/masdar

Send us your press releases to pressrelease.zawya@lseg.com


© Press Release 2022

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