Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, Mitsubishi Chemical Group Corporation (MCG), the wholly-owned subsidiary of Japan-based Mitsubishi Group, and INPEX Corporation, a Japanese oil company, have inked an agreement to explore production of the world’s first commercial-scale polypropylene (PP) 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 commercial-scale green hydrogen for e-methanol and polypropylene projects.
Mohamed Jameel Al Ramahi CEO – Masdar
“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, Mr. Jean-Marc Gilson, said that “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, Mr. Takayuki Ueda, said that “We look forward to working together with Masdar and MCG to pursue 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.
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