Demonstration of Waste-Plastic-to-Oil Recycling and Expansion of the Circular-Economy Business
First written in FY2020. 6 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In July 2025, the Company completed a chemical recycling facility at the Kashima Complex with an annual processing capacity of 20,000 tonnes, the largest commercial-scale facility of its kind in Japan, among other initiatives to promote the circular economy.」
The circular business, including waste-plastic-to-oil projects, progressed to the completion of a 20,000-tonne annual processing facility, one of the largest in Japan. - FY2025AdvancedAnnual report
「In May 2024, the Company succeeded in producing low-carbon base oil in a demonstration project for recycling waste lubricating oil that was selected for a Ministry of the Environment public solicitation, among other initiatives to promote the circular economy.」
In addition to waste-plastic-to-oil projects, the circular business advanced to the successful demonstration of low-carbon base oil production from waste lubricating oil. - FY2024AdvancedAnnual report
「In addition, we decided to launch a waste plastic oil recycling business jointly with Mitsubishi Chemical Corporation and are constructing a chemical recycling facility at its Ibaraki plant adjacent to the Kashima Refinery, with the largest processing capacity in Japan on a commercial scale.」
The circular business expanded into the construction of waste-plastic-to-oil facilities and demonstration projects for waste tires, waste paper and waste plastics. - FY2023AdvancedAnnual report
「In addition, we decided to launch a waste plastic oil recycling business jointly with Mitsubishi Chemical Corporation and are constructing a chemical recycling facility at its Ibaraki plant adjacent to the Kashima Refinery, with the largest processing capacity in Japan on a commercial scale.」
The circular business progressed beyond EV batteries and used tires to the construction of a waste plastic oil recycling facility aiming for the largest scale in Japan. - FY2022AdvancedAnnual report
「To establish chemical recycling technology for producing tire raw materials from used tires and help realize a decarbonized, circular society, we launched a joint project with BRIDGESTONE CORPORATION using a project funded by the Green Innovation Fund.」
The circular business expanded beyond EV batteries to the launch of a joint project for the chemical recycling of used tires. - FY2021AdvancedAnnual report
「To build a circular model of leasing, reuse and recycling for EV bus batteries, we began a demonstration experiment involving EV bus operations jointly with a bus operator.」
The circular business progressed to the demonstration stage for a leasing, reuse and recycling model for EV bus batteries. - FY2020First statedAnnual report
「We will advance a demonstration test of oil recycling from waste plastics using refinery equipment, as well as studies toward commercializing the recycling of rare metals contained in automotive lithium-ion batteries, for which demand is increasing with the spread of EVs.」
The company presented oil recycling from waste plastics using existing refinery and smelter equipment, recovery of rare metals from automotive batteries, and a circular model based on leasing, reuse and recycling as new growth and environmentally focused businesses.