To create a supply chain for bioplastic PET bottles, Mitsubishi Corporation has partnered with energy company ENEOS Corporation and seller of consumer packaged products Suntory Holdings. Their creative collaboration is a huge step towards sustainability in a society that is battling the twin problems of carbon emissions and plastic pollution.
According to the Japanese Conglomerate, using biomass for PET bottle production, such as recycled cooking oil, can help reduce reliance on fossil fuels and promote a low-carbon economy. The supply chain will be managed by Mitsubishi, with NESTE Corporation providing the bio-based naphtha made entirely of renewable resources.
Each ounce of PET manufactured emits roughly 1 ounce of carbon dioxide, according to the EPA. Others claim that it may even increase to a 5:1 ratio between carbon emissions and plastic manufacture. The creation of pollutants increases as the ratio rises. The new program will address this by substituting renewable sources for fossil-based naphtha. To produce eco-friendly PET bottles and reduce carbon emissions in the industry, the partner businesses will implement a new supply chain.