Business Strategies - Basic Chemicals

製品例
基礎化学品事業の売上高

Mission

While continuing to make contributions to society through safe and stable operation, we will establish a chemical recycling model to produce ammonia from 100% used plastics and work for advanced decarbonization through the use of hydrogen and ammonia.

Strengths and Competitive Advantages for the Achievement of the Long-Term Vision

We will make use of Resonac’s strengths and competitive advantages to become a world-class functional chemical company and a company that can compete on the world stage by 2030.

  • Capitalizing on the advantageous location of the Kawasaki Plant, we provide a timely and stable supply of social infrastructure products that support lifelines predominantly in the Tokyo metropolitan area, such as sodium hypochlorite for tap water and dry ice
  • The Kawasaki Chemical Park enables us to meet the needs for a diverse range of chemical products, from basic chemical products used in various industrial fields inside and outside the industrial complex to functional chemicals
  •  It is the only gasification recycling plant in the world with a track record of stable operation spanning over 20 years, and produces hydrogen, ammonia, and acrylonitrile from used plastics using chemical recycling technologies
  • Production of low-carbon ammonia with 80% reduction in GHG emissions compared to conventional production methods
     

Strategies of Basic Chemicals Business for the Achievement of the Long-Term Vision

While continuing to make contributions to society through safe and stable operation, we will establish a chemical recycling model to produce ammonia from 100% used plastics  and work for advanced decarbonization through the use of hydrogen and ammonia.

Vision for 2030 and Roadmap to Achieve It

Vision for the future(2030) issues to Be addressed Results in 2023 Plans for 2024
  • Stably supply products that support social　infrastructure in the Tokyo metropolitan area
  • Contribute to regional development as an urban chemical park that serves as a model for a decarbonized society (formation of a hydrogen use network with companies near the coastal area of Kawasaki city, fuel
    conversion of power generation facilities, etc.)
  • Contribute to the realization of a recycling-oriented society and promoting SDG initiatives (significant reduction of CO2 emissions, 100% use of KPR raw materials)
    *KPR is an acronym for Kawasaki Plastic Chemical Recycling. A plastic recycling business operated at the Kawasaki Plant
  • Thorough implementation of measures to strengthen our supply system with the aim of ensuring the stable supply of products that support social infrastructure
  • Acceleration of cutting-edge initiatives utilizing our technologies geared toward achieving a decarbonized society
  • Expansion of our contribution to realizing a recycling-oriented society through plastic chemical recycling
  • In production, capacity utilization remained high, and operating income also remained robust
  • Raw material and fuel prices continued to rise, but we passed price increases onto product prices
  • We acquired ISCC PLUS certification, an international certification for sustainable products for three products, namely, hydrogen, ammonia, and acrylonitrile, made from raw materials derived
  • Demand expected to remain strong 
  • Raw material and fuel prices expected to remain at the current levels, logistics costs to rise
  • Promotion of new initiatives for plastic chemical recycling (collect marine plastics with Kawasaki city and recycle them at Resonac’s KPR plant, etc.)
     
  • Plan to expand facilities for sodium hypochlorite for tap water and liquefied carbon dioxide, which support the infrastructure vital to people’s daily lives
     

TOPICS 2024 of Basic Chemicals Business

Collaboration with ITOCHU Corporation in Textile Recycling in the Chemical Recycling Business

Resonac concluded a memorandum of understanding with ITOCHU regarding the ARChemia recycling project in 2023. The objective is to include used textiles, such as clothing, as raw materials for the plastic chemical recycling business at the Kawasaki Plant (KPR), in addition to used plastics. Resonac transforms recycled solid raw materials, a mixture of used plastics and textiles, into raw materials for textiles, suchas acrylonitrile, leading to resolution of waste-related social issues and contributing to realization of a fiber-to-fiber recycling society.

Supply of Low-Carbon Hydrogen for a Hotel’s Fuel Cells

In November 2023, we began the commercial supply of low-carbon hydrogen derived from
used plastics produced at the Kawasaki Plant. At the Kawasaki King Skyfront Tokyu REI Hotel,
hydrogen supplied through a pipeline is converted into electricity using fuel cells, providing
about 20% of the electricity used by the entire hotel.

Resonac Launches “Resonac Pride Products and Services” System Aiming to Visualize Their Contribution to the Welfare of Customers and Society by Adopting Various Stakeholders’ Viewpoints

Resonac Corporation has launched “Resonac Pride Products and Services” system, in which a judging committee including external experts evaluates and recognizes products and services practicing Resonac’s Purpose, “Change society through the power of chemistry,” and contributing to the welfare of society and customers. Under this framework, “Kawasaki Plastic Chemical Recycling Business” (KPR) has been recognized as the first Resonac Pride Service.

Solution of Social Issues through Business Operations

Business/Product How to contribute to society Related SDGs
Glycine
  • Contribute to solving the world’s food issues including food loss by making food last longer through the use of glycine as a food additive
 1、2、3 
Sodium hypochlorite 
  • Support the operation of water supply and sewage systems, which are essential public infrastructure, through the disinfectant effect for the delivery of clean water across the world
 3、6、14 
Hydrogen, ammonia and acrylonitrile
 
  • Produce low carbon hydrogen, ammonia, acrylonitrile from used plastics Contribute to a carbon neutral society by reducing 80% GHG emission in low carbon ammonia
  • Support the operation of water supply and sewage systems, which are essential public infrastructure, through the disinfectant effect for the delivery of clean water across the world
  • Contribute to the solution of issues related to ocean plastic pollution and landfill waste. Contribute to the creation of a recycling-based society through the recycling of waste into useful products
 7、12、13、14