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Mitsui Plastics, Citroniq Chemicals Sign Letter of Intent to Achieve GHG Reductions

Mitsui Plastics (MPI) and Citroniq signed a letter of intent for a large-scale supply agreement for sustainable PP, marking the beginning of a long-term alliance between the two companies.

Citroniq

MPI Plastics, a wholly owned subsidiary of Mitsui & Co. (U.S.A.), Inc., which is a subsidiary of Mitsui & Co., Ltd. (Tokyo, Japan), and Citroniq's alliance is timely as consumers are demanding sustainable, environmentally friendly, and socially responsible products. MPI has recognized Citroniq's PP as a viable solution to meeting its growing demand for sustainable materials. Made from a sustainable biogenic feedstock using renewable energy, Citroniq's green carbon-negative PP permanently sequesters CO2 in a useful plastic pellet.

“Citroniq is dedicated to being a ‘pure play’ sustainable materials company. With our annual capacity of over 800 million pounds of green polypropylene at our Kansas plant, our cost position will be highly competitive, leveraging existing feedstocks, and logistically advantaged infrastructure," said Citroniq's co-founder Kelly Knopp.

“Together, MPI and Citroniq will be able to provide customers with global-scale supplies of ‘drop-in’ sustainable resins much faster than the alternatives, resulting in meaningful reductions in their carbon footprint, on schedule with their carbon reduction targets," said Citroniq's co-founder Mel Badheka.

“Mitsui & Co. has set a goal to become carbon neutral by 2050. MPI, as part of the Mitsui & Co. Group, is investigating various options to accomplish this target, such as adding Green Polypropylene to our portfolio through a partnership with Citroniq," said Mitsui Plastics Inc. CEO Teruya Mogi.


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