Denka Company Ltd. and Toyo Styrene Co., Ltd. (Both Tokyo) have decided to construct a chemical recycling plant for used polystyrene (PS) with an annual processing capacity of approx. 3,000 tons. The plant will be constructed on the premises of Denka’s Chiba Plant (Ichihara, Chiba) and the plan is for it to begin operating in the second half of FY2023. The investment in the project is around 3.8 billion yen (around $33 million).
Under a technical license agreement concluded with Agilyx in the U.S., which has commercialized chemical recycling plants converting used polystyrene to styrene monomer, for the first time in the world, Toyo Styrene will construct a chemical recycling plant and start a business collecting post-industrial materials from users. In addition, Denka plans to participate in a platform integrating citizens, companies, and governments into the Creation of a Circular Economy Starting with Ichihara-shi project conducted by Ichihara-shi in Chiba prefecture, an SDGs Future City.