Zeon, Tosoh, Idemitsu Kosan and Tokuyama are proposing a joint endeavor that would lay the groundwork for turning the Shunan Industrial Complex into an ammonia supply base. The four companies are set to receive funding for the project as part of a government grant to promote the introduction of non-fossil energy, with this coming as the government aims to support...
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Sumitomo Rubber recently announced that it has invested into TripodWorks, an IoT solutions company. This comes as the tire manufacturer looks to bring about a business that employs Sensing Core, a proprietary sensing technology based on Sumitomo Rubber’s existing technology for analyzing the speed at which a vehicle’s wheels are moving. Specifically, the aim of the investment is to leverage...
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Mitsui Chemicals has in June this year invested in Apeiron AgroCommodities, which is also known under the brand of Apeiron Bioenergy, one of the largest collectors and marketers of waste cooking oil in Southeast Asia and China. Waste cooking oil is a raw material for biomass chemicals and plastics. With this investment, Mitsui Chemicals will expand procurement of biomass feedstock...
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Mitsui Chemicals will transfer all shares of its consolidated subsidiary Mitsui Phenols Singapore (MPS) to Ineos effective March 1, 2023. MPS will be excluded from the scope of consolidation of Mitsui Chemicals as a result of the share transfer. MPS has been developing its phenol business – including phenol, acetone, bisphenol A, and α-methylstyrene – in Singapore since its establishment...
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Bridgestone will collaborate with Microsoft to accelerate the strengthening and expansion of its premium tire and solutions businesses using Microsoft Azure, a cloud service that is advanced, reliable, and highly compatible with the mobility industry. The two companies started working together in 2020 to provide a tire monitoring system using the Microsoft Connected Vehicle Platform (MCVP) on Azure and share...
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Bridgestone is set to bolster investment in the two natural rubber plantations it owns in Indonesia. Setting its sights on the sustainable supply of natural rubber as a renewable resource, the company aims here to increase the productivity of these natural rubber plantations, with plans to invest some $26.7 million in them by 2030. Bridgestone then intends to leverage the...
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