TAGS: Sustainability / Natural Solutions
AGC Inc. and Mitsubishi Gas Chemical Company have agreed to begin the study regarding the production and sale of methanol made from CO2 generated from AGC’s architectural glass production, by applying the methanol production technology developed by MGC.
This study targets commercialization by around 2030 at AGC's Kashima Plant, and when achieved, it will be the world’s first case of producing and selling ‘Circular Carbon Methanol’ (CCM) that effectively utilizes the CO2 generated from glass production.
Using Methanol for Ethylene & Propylene
In recent years, CCU technology, which captures and utilizes CO
2, has been attracting attention as an innovative technology for achieving carbon neutrality by 2050.
Methanol also has a wide range of applications as an essential chemical, and in recent years, its use for conversion to ethylene and propylene has been expanding. As such, it is expected that its utilization will widen the possibility towards carbon neutrality.
The goal of this study is to use CCU technology to convert the CO
2 generated at Japan’s largest architectural glass manufacturing facility into methanol, which will then be produced and sold.
While chemical products that use captured CO
2 as a raw material can reduce environmental burden, the higher cost associated with CO
2 capture and conversion compared to conventional manufacturing methods is an issue. To address this, MGC will promote the social value of its ‘CCM’, which offers a low environmental burden, and cultivate customers through its existing sales network.
Transition to Circular Economy
In addition to this study, AGC is also considering replacing methane gas used as a raw material in its own chemical business with CCM, with a view to commercializing chemical products based on carbon recycling.
The AGC Group has set ‘promoting sustainability management’ as one of the key strategies in its medium-term management plan, AGC plus-2023, and has set a target of net-zero carbon emissions by 2050.
AGC’s Architectural Glass and Chemicals businesses will work together to realize the production and sale of methanol utilizing the CO
2 generated from glass production, thereby contributing to the attainment of a sustainable society, while aiming for continued growth and evolution.
Based on the MGC Group’s mission of ‘creating value to share with society’, MGC has been promoting the CCM concept Carbopath
™ to convert CO
2, waste plastics, biomass, etc. to methanol for use in chemical products, fuels, and power generation, using methanol production technology based on its proprietary catalysts developed over the years. It aims to actively contribute to the reduction of greenhouse gas emissions and the transition to a circular economy through social implement.
Source: MITSUBISHI GAS CHEMICAL COMPANY