June 30, 2022
Tokuyama Corporation
Mitsubishi Gas Chemical Company, INC.

MGC and Tokuyama Corporation Begin Joint Study on Social Deployment of CircularCarbon Methanol Utilizing CO2, First of its Kind in Japan
Tokuyama Corporation (Tokuyama; Registered Headquarters: Shunan City, Yamaguchi
Prefecture; President: Hiroshi Yokota) and Mitsubishi Gas Chemical Company, Inc.
(MGC; Head Office: Chiyoda-ku, Tokyo; President: Masashi Fujii) have signed an MOU
to conduct a feasibility study into the manufacture and sale of methanol made fromcarbon dioxide ("CO2") emitted and hydrogen ("H2") generated at Tokuyama’s Tokuyama
Factory, using MGC's newly developed methanol production technology. This study will
also consider the use of H2 produced using green electricity generated by biomass powergeneration.
Methanol is a base material for various chemical products, and as it can be produced
from CO2, a greenhouse gas, it is expected to be a powerful resource for building acarbon neutral society through Carbon Capture and Utilization ("CCU").
MGC and Tokuyama have decided to jointly study the commercialization of green
products, which have low greenhouse gas emissions, from a shared desire to deploy
these products in society and build a decarbonized world.
The commercialization of the results of this study will lead to the establishment of Japan’s
first commercial plant to recycle CO2 emitted from factories to produce methanol. Thismethanol will be a feedstock for chemical products manufactured by Tokuyama and will
increase their sustainability. It will also be supplied via MGC's existing supply network tocustomers who need environmentally recyclable chemical products as well as those whoneed a source of fuel/H2 with low greenhouse gas emissions.
Tokuyama has set a CO2 emissions reduction target in its Medium-Term Management
Plan 2025 under the slogan "Contribute to the mitigation of global warming," and hasbeen pursuing the reduction of CO2 emissions generated from in-house power
generation and manufacturing processes. Through this feasibility study, the company
aims to establish CCU technology and accelerate its efforts toward a carbon-neutral
society by effectively utilizing electricity generated in-house from biomass fuels, H2
generated from caustic soda production, and CO2 generated in the Tokuyama Factory.
Based on MGC’s mission of "Creating value to share with society," MGC has beenpromoting Circular Carbon Methanol ("CCM"), an initiative to recycle CO2, waste plastics,biomass, etc., into methanol for use in chemical products, fuel, and power generation,using methanol production technology based on its proprietary catalysts developed overmany years. Through the deployment of this idea in society, MGC and Tokuyama willcontribute to the reduction of greenhouse gas emissions and the transition to a recyclingoriented economy.
Through this study, the two companies will attempt to create "low carbon value" and"environmental recycling value" by encouraging the proliferation of green products suchas CCM. MGC and Tokuyama will actively promote cross-industry initiatives between thepublic and private sectors, not only in the chemical industry but also across industries,
to create a market for domestically produced green products and realize the deploymentof the CCU industry in society.
Enquiries
Corporate Communications & Investor Relations Dept.
Tokuyama Corporation
Tokyo Head Office TEL.: 03-5207-2552
TEL.: 03-3283-5040
Public Relations Department
Administrative & Personnel Division
Mitsubishi Gas Chemical Company, INC.
TEL.: 03-3283-5040