Bridgestsone has received SBT certification from the Science Based Targets Initiative (SBTi) for the CO2 reduction targets it has set for 2030. SBTi is a set of greenhouse gas emission reduction targets set by companies for the next five to ten years, consistent with the levels required by the Paris Agreement. The SBTi has certified Brdgestone’s mid-term CO2 reduction targets...
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Sumitomo Riko Joins Culnet Consortium
Sumitomo Riko has joined the Culnet Consortium, an open innovation platform for cellular agriculture presided over by Integriculture. With the world population expected to reach 10 billion by the 2050s and concerns over food shortages due to depletion of energy, feed, land, and water, cellular agriculture to produce cultured meat is attracting attention as one alternative protein source. Integriculture is...
Mitsubishi Chemical Group, Mitsui Chemicals Launch Study Into Joint Chemical Logistics
Mitsubishi Chemical and Mitsui Chemicals have launched a joint study with the aim of standardizing and optimizing chemical logistics, which serve as a backbone for both society and industry. Over time, the companies intend to launch various efforts in a number of relevant areas, with those that can be quickly put in place set to be implemented starting this fiscal...
Lanxess and Covestro Cooperate on More Climate-Friendly Production
German chemical companies Lanxess and Covestro have agreed to cooperate in the production of energy-intensive basic chemicals and to take climate change more into consideration at their production sites located on the Lower Rhine River in Germany. Currently, Lanxess sources chlorine, caustic soda, and hydrogen from Covestro’s ISCC PLUS certified sites in Leverkusen and Krefeld-Uerdigen, Germany. Following the agreement, Covestro...
Bridgestone Partners With Ascent Robotics in Push for Soft Robotics
Last month saw Bridgestone establish its first in-house venture company, Soft Robotics Ventures, in an effort to speed up advances in the realm of soft robotics. And now, as of Feb. 1, the tire manufacturer has signed a capital partnership agreement with Ascent Robotics, a developer and provider of intelligent robot systems. The agreement will see Bridgestone invest 500 million...
Daikin Reports 9M Sales up 30%, Fluororubber Strong
Fluororubber manufacturer Daikin Industries reported sales of 2,985.67 billion yen ($22.83 billion) for the nine months of the fiscal year ending March 31, 2023, up 29.7% year-on-year. Operating profit was 303.76 billion yen, up 17.1%, ordinary profit was 299.26 billion yen, up 12.3%, and net profit was 208.95 billion yen, up 16.9%. By segment, the Chemicals business posted sales of...
