JAPAN: NEDO selects Japanese group to develop technologies to produce paraxylene from CO2
The New Energy and Industrial Technology Development Organization (NEDO) said it has chosen a group of Japanese companies for its project to develop the world's "most advanced" technology for the production of paraxylene (PX) from carbon dioxide (CO2).
The group, which includes Mitsubishi Corp., the University of Toyama, Chiyoda Corp., Nippon Steel Engineering Co., Nippon Steel Corp. and HighChem Co., will improve the innovative catalyst to produce PX from CO2, develop a way to mass-produce the catalyst, and develop the process while studying its feasibility, including its overall efficiency and CO2 reduction effect, the group explained.
"Global demand for paraxylene is approximately 49 million t/y," the group noted. "Assuming that the feedstock for paraxylene of the current demand level is entirely converted from fossil fuels to CO2, theoretically 160 million tons of CO2 could be fixed in the paraxylene per year."
The project is scheduled to run from fiscal year 2020 to 2023. The contract is valued at JPY 1.99 billion.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 20 July 2020
(Syed Rashid Ali, Karachi, Pakistan)