Japan Energy Venturing has attained the distinction of being a forerunner in the country to use processed waste plastic as a thermal cracking fuel. Japan’s sixth largest refiner has become the Japanese first refiner to adopt this technology. The company has a capacity to process 1,000 kilolitres/year of liquefied waste plastic to petrochemical products mainly into naphtha, using the hydrogenation refining unit at its Mizushima refinery.
The japans company has found an innovative solution to the growing costs of record high petrochemical feedstock prices. Plastic wastes will not only save feedstock cost but could result in a negative cost for the company due to savings on waste management. Japan generated 10 mln tons of waste plastic in 2006.