Mitsubishi Chemical Advanced Materials Aims for Climate Neutrality by 2023 and Climate Positivity by 2030

Global manufacturer of high-performance engineering thermoplastics Mitsubishi Chemical Advanced Materials (MCAM; U.S. office in Mesa, Ariz.) has announced its goal to achieve climate positivity in its own operations by 2030. As such, it has set ambitious targets and actions to reduce its emissions and environmental impact, compensate for unavoidable emissions with high-quality carbon credits, and invest in carbon removal projects.

MCAM’s goals build on an in-depth gap analysis of its progress across all existing climate action carried out in 2020, which enabled the company to set the first essential milestone of becoming climate neutral by 2023. Half of MCAM’s 32 manufacturing and fabrication sites around the world already use 100% electricity based on renewable sources; 5 of these locations additionally compensate for their remaining emissions.

Moreover, the company has accelerated its organic effort to implement its circular economy strategy by proceeding with several acquisitions, including:

 ▪ The recycling activities of ‘Minger Kunststofftechnik AG’ (now MCAM Symalit AG, Appenzell Branch, Recycling Solutions). Minger Kunststofftechnik AG has been a market leader in recycling of engineering plastics and especially advanced materials.

 ▪  CFK Valley Stade Recycling GmbH and CO KG and carboNXT GmbH. CFK is a leading solutions provider for customers in mobility-related industries and offers advanced proprietary technology that breaks down carbon fiber waste and converts this material into various usable forms of carbon fiber. carboNXT closes the loop by offering these products back to the market.