Idemitsu Kosan Co., Ltd. (“Idemitsu Kosan”), Oriental Petrochemical (Taiwan) Co., Ltd. (“OPTC”) and Marubeni Corporation (“Marubeni”),have announced that they have agreed to establish a supply chain for biomass Purified Terephthalic Acid ( “PTA”) produced from biomass naphtha. Production of biomass PTA is planned to begin in 2024 in Taiwan.
Idemitsu Kosan will produce biomass PX (“Paraxylene”)from biomass naphtha utilizing the mass balance method. It will then be converted to biomass PTA by OPTC, a PTA manufacturer under the Far Eastern New Century Group (a PET manufacturing company in Taiwan). Marubeni will be coordinating the management of the supply chain’s establishment and the marketing of the biomass products.
PET resin, the raw material for PET bottles, consists of approximately 70% PTA and 30% ethylene glycol. Therefore, by using biomass PTA and biomass ethylene glycol, 100% biomass-derived PET resin can be produced. While biomass ethylene glycol has become increasingly popular, replacing petroleum-derived PTA with biomass-derived PTA has been a challenge.
Biomass naphtha, the raw material for biomass products, is manufactured from raw materials derived from renewable materials such as plants, and can thus reduce CO2 emissions compared to naphtha derived from petroleum.
The biomass PX manufactured by Idemitsu Kosan obtained the international certification “ISCC PLUS Certification”, which manages and ensures the supply chain of products made from sustainable raw materials such as biomass and allows the application of the mass balance method. OPTC will also obtain “ISCC PLUS Certification” in 2024.
Through this newly established supply chain, the three companies aim to play a role in reducing CO2 emissions in the plastics industry, contributing to the swifter realization of a low-carbon society.
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