Toyo Seikan Group Holdings and Idemitsu to Launch a Demonstration Test for the Recycling of Plastic Scrap Material

Toyo Seikan Group Holdings, Ltd. and Idemitsu Kosan Co., Ltd. (hereinafter "Idemitsu Kosan") today announced the joint start of a demonstration test on the recycling of "plastic scrap material", (Recycling of used plastics into oil).

In the demonstration test, Chemical Recycle Japan Co., Ltd., a subsidiary of Idemitsu Kosan, will use the plastic scrap material occurs in the manufacturing process of plastic products at the plants of Toyo Seikan Group as raw material, produce generated oil by its technology of recycling used plastics into oil. Through a series of these initiatives, Idemitsu Kosan will confirm the availability of using generated oil as a raw material for petrochemical products and fuel oils, and verify the feasibility of recycling plastic scrap material. In the future, Idemitsu aims to produce "Renewable Chemicals" and "Renewable Fuel Oil" with its oil refining and petrochemical equipment, using generated oil derived from plastic scrap material as a raw material.
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