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Message from the President

Creating value to share with society and realizing sustained growth
As an outstanding chemical company withmedical treatment and foods, as well as thewe must create and foster new businesses

original technologies and a strong presence inadvance of information technology and thewithout being bound by conventionalsociety, the Mitsubishi Gas Chemical (MGC)

diversification of customer needs.

parameters. Through new business domains,Group has always challenged the creation of

The MGC Group is engaged in

new technologies and value and has grownwide-ranging and diverse businesses, fromwill emerge in the future and supply new

together with society with the aim ofchemical products and material products likevalue.

contributing to social development andmethanol, hydrogen peroxide,harmony through the creation of wide-ranging

high-performance engineering plastics,“creating value to share with society,” thevalue based on chemistry.

meta-xylenediamine (MXDA), andMGC Group will aim to create common

As a result of the advance ofMX-Nylon to products with highly specialized

value, including not only economic but also

globalization in recent years, the business

functionality like electronic chemicals, opticalsocial value, and to realize sustained growth.

environments and social structuresmaterials, IC plastic packaging materials, andsurrounding us are changing day by day in a

AGELESSTM oxygen absorbers.

bewildering manner. Specifically, a wide

Furthermore, we supply value to society

variety of changes and trends are emerging,through our Energy Resources Business,

including the problems of climate change,

which includes geothermal power generation,

resources, and energy, such demographic

and our life science products, which includes

issues as the low birthrate and aging, andantibody pharmaceuticals.

problems relating to health and safety, such as

To realize sustained growth, meanwhile,

we will endeavor to solve the social issues that

In accordance with our mission ofI look forward to your continuing
guidance and support in this endeavor.

Masashi Fujii

President and Representative Director

2Green Energy & Chemicals Business Sector■C1 Chemicals Division3

Direct Methanol Fuel Cell (DMFC)
generates electricity from methanoland air. Because electricity is
generated by a chemical reaction, thefuel cell is quiet and does not create
atmospheric pollutants. It can run
communications devices for extended
periods (72 hours or more) when used
as a backup power supply.

Ammonia is used as a reducing agent
for denitration to eliminate nitrogenoxide and help prevent air pollution.
(Photo: An ammonia transport ship)

The MGC Group manufactures
methanol in Saudi Arabia,Venezuela, Brunei, Torinidad andTobago. [Photo: Brunei Methanol
Company (Brunei) ]4Green Energy & Chemicals Business Sector■High-performance Products Division5

Centered on technologies using the superacid
HF-BF3, we are developing highly original products
as only the MGC Group can, including meta-xylene
chain and aromatic aldehydes.
We also handle foaming products forgeneral-purpose resins, such as polystyrene andpolypropylene. These products are lightweight,feature excellent thermal insulation and recyclability,
and are used widely in daily life.

Meta-xylene
MX Nylon (MXD6)● Purified isophthalic acid (PIA)● Plasticizers● Expanded polyethylene●Formalin

Meta-xylenediamine (MXDA)
Aromatic aldehydes● Phthalic anhydride● Expanded polypropylene● Molded products●Polyols●●●●High-performance products
Neopulim™ (Transparent polyimide varnish)
MAXIVE™ (Gas barrier epoxy-based resin)● Therplim™ (Thermoplastic polyimide)● NeoFARIT™ (Raw materials for Semiconductor materials)● ALTESTER™ (heat-resistant amorphous polyester resin)● CYTESTER™ (cyanate ester monomer)●●

Lighter weight and enhanced safety
are required for automotive parts.
Rear seat core materials made fromexpanded polypropylene contributeto both and are common throughout
the world.

Adoption of Neopulim™ is advancing
in information and communications
field such as smartphone parts,taking advantage of the material’scolorless transparency and heat
resistance exceeding 300 C.

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Green Energy & Chemicals Business Sector■Life Science and Energy Resources & Environmental Business

Providing energy to people and society.
Deriving power from gas.
In the life sciences field

In energy source development

In recent years, we have been developing

We are involved in oil and gas explorationand manufacturing health foodthermal power generation using natural gas

ingredients based on biotechnology byleveraging the technologies wedeveloped over many years.

●Health food ingredientsPyrroloquinoline quinone (PQQ)
Dry yeast containing S-AdenosylMethionine (SAMe)
Dry yeast containing Spermidine (SPD)and geothermal power generation andpromote the clean energy business.

business
Natural gas and crude oil extraction andprospecting● Development of geothermal energy● Sales of electric power●

Pyrroloquinoline quinone (PQQ), which
is manufactured using biotechnology,
is a food ingredient expected to havebrain function enhancement effects.

produced from ourcompany's license area

Mobilizing our expertise in animal cell culture technology andmanufacturing process development, we handle all processes frominitial-stage development of drug substances for antibody
pharmaceuticals to their manufacture, contributing to high-quality,reliable treatments.
We supply functional yeasts containing
high content of S-adenosylmethionine(SAMe) or spermidine (SPD).
[Photo: Yeast containing SAMe]

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Geothermal power generation contributes to the stable supply of electricity, as it is notaffected by seasonal and weather changes. It is clean energy that has low CO2
emissions and is effective in preventing global warming.
[Photo: Wasabizawa Geothermal Power Plant in Akita Prefecture]

Specialty Chemicals Business Sector■Inorganic Chemicals Business

The focus of our business is on hydrogen peroxide, which isused as a non-chlorine bleach and an industrial oxidant, andhigh-purity electronics cleaning agents, which are usedmainly in the semiconductor field. We also handle uniquefine chemicals such as peracetic acid for food additives(DIAPOWER™ FP), used for cleaning and disinfecting food.

●●Hydrogen peroxide
Water treatment agents●●Persulfates
Environmental agents

Electronic chemicals (Chemicals for use in theelectronics industry)● DIAPOWER™ FP (peracetic acid for foodadditives)●DIAPOWER™ FP is a peracetic
composition that satisfies food additive
standards. It is highly effective in
disinfecting bacterial that cause foodpoisoning in meat, fruits, andvegetables and is characterized byretention of its disinfection properties.

8Specialty Chemicals Business Sector■Engineering Plastics Business

Iupilon™ film and Iupilon™ sheet areused in LCD TVs and automobile
navigation systems.

● Iupilon™ (Polycarbonate), Polycarbonate Sheet, Polycarbonate Film
● Iupital™ (Polyacetal)● Reny™ (Polyamide MXD6 molding compound)● Iupiace™ (Modified polyphenylene ester resin)Tokyo Research Laboratory98Specialty Chemicals Business Sector■Optical Materials BusinessTechnology commanding seven sparkling shades,navigating the waters of today’s cutting-edge information world
We offer a wide range of optical material products
including Iupizeta™, a optical polymer used in thecamera lenses of smartphones and other products,
and a plastic lens material with the world’s highest
refractive index.

Iupizeta™ is used in high-performancecompact camera lenses insmartphones. (Image: Optical lensmade with Iupizeta™ EP)

Iupizeta™
Optimas™
● LumipluS™
● Monomers for high refractive index plastic lenses●●Optimas™ greatly improves thecharacteristics that were previously the
weak points of acrylic resins-heatresistance and water absorption. It is
used in automotive components andvarious types of lenses (AR, VR, etc.).

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Specialty Chemicals Business Sector■Electronics Materials BusinesswiringwiringIC plastic package

wiringIC plastic package

11High-performance IC plastic
packages made with BT laminate
materials support cutting-edge
mobile devices such as smartphones
andtablet computers.

Specialty Chemicals Business Sector■Oxygen Absorbers Business●AGELESS OMAC™ is a film with an
oxygen absorbing function that issuitable for liquid products, such as
syrup-pickled fruits and soup.

RP System™ (for mechanical parts, electronic components,
raw materials and archaeological / cultural assets)

Our RP System™, which can maintainoxygen and moisture free condition isalso used in the quality assurance formechanical parts, electroniccomponents, raw material andfurthermore the protection forarchaeological / cultural assets.

12New Business

Beyond “today” - We are trying to unlock thenew business field with inovative technology and products.
As well as making maximum use of thesynergy among our businesses andproducts, the MGC Group considers
tie-ups and M&A with other companies
and actively engages in the creation ofMain development topics and products● OXYCAPT™ medical packaging● Solid electrolytes

OXYCAPT™ is a new plastic container that boasts outstanding
oxygen barrier and oxygen absorption performance.
The properties of plastics including break resistance as well as
low protein absorption and low levels of substances eluted
from the container are utilized in vial products.

All-solid-state batteries are next-generation batteries thatcan provide high output and high capacity while maintaining
high levels of safety. It is expected that they will be used inapplications such as electric vehicles and electronicproducts.

● Factory-grown vegetables● Allergy diagnostic chips

The MGC Group entered the factory-grown vegetablebusiness in earnest by establishing MGC Farmix Co., Ltd.
jointly with a vegetable distribution venture andcommencing the production, distribution, and sale oflettuce and other leaf vegetables grown in the largest fully
artificially light type vegetable factory in eastern Japan.
MGC Farmix, which acquired the international Global G.A.P.
(Good Agricultural Practices) certification in 2020, engages
in the stable supply of safe and reliable vegetables.

The MGC Group has developed chips to measure
antibodies in the blood that combine with allergic
substances to trigger allergic reactions. These chips areexpected to contribute toward improving the quality of life.
By separating allergic substances into multiple fragments
and simultaneously measuring them, the test can examine
which parts of the allergic substances the antibodies
combine with, thereby providing more accurate informationcompared with conventional methods.

Development Fields● Medical● Food● Mobilitynew businesses.

13Research & Development
Advancing R&D to “Creating value to share with society”

The MGC Group has a long track record of developing unique, proprietary technologies and products with value that meetsthe needs of society. Regarding existing products, we endeavor to strengthen our earnings power and lighten theenvironmental load through relentless efforts to make technical modifications.
Regarding the creation of new products and new businesses, we are constantly thinking about such issues as what the needsof society are, whether there are places where the MGC Group’s technology can be utilized, and whether that technology isenvironment friendly. By continuing to give birth to new products and new businesses, we will create new value.

Research and Development Strategy
MGC considers research and development plays a pivotal role to being a distinctive and excellent chemical company.
MGC Group’s research and development strategy is to leverage our core technologies, strengthen the chemical chain
through creation of new processes, and realize new growth, in Mobility, Medical / Food, Information / Communications,Energy, Infrastructure.

Technology platform and main products
Catalyst
Super acid / Solid catalyst /High pressure

Air oxidization / Liquid-phaseoxidization/ Hydrogenation

Polymer
Polymerization /Films and sheets /Polymer Processing

Functional products
Oxygen absorber-related /Varnish-related /EL chemical-relatedLife science
Continuous cultivation /Breeding/
Antibody drug technology

R&D goals and targets

Xylene separation/ Methanol /Methyl methacrylate / Ammonia /Dimethyl ether/ Aromatic aldehydes

Creation of business forgrow fields

Hydrogen peroxide /Neopentylglycol /Meta-xylenediamine
Polycarbonate (Iupilon)/
Polyacetal (Iupital)/ MX Nylon/
Optical resin polymer/
Modified PPE (Iupiace)/Polymer Processing
Oxygen Absorber (AGELESS)/
Printed circuit board materials/
Environmental agents/
Electronics chemical agents/
BT resin / Chemical polishing agents

R&D strategy

Process engineering / analysis (common)

Synthesis

Tokyo Research Laboratory

Mobility, Medical/Food,
Information/Communications,
Energy, Infrastructure

Niigata Research Laboratory

Strengthen the chemical chain
Creation and introduction of
new processes

Functional food material(PQQ, Yeast products)
Hiratsuka Research Laboratory

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Product Flowxylene separation products/derivatives

Methanol and ammonia-based products

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™

™

™
™

Optical Materials

Iupizeta™

Optimas™

LumipluS™

Monomers for high refractive
index plastic lenses

™

™

™
™

™

™
(for mechanical parts, electronic components,raw materials and archaeological / cultural assets)™

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Corporate Data
Corporate Information

Business Locations

Company Name

Representative Offices

PlantsMITSUBISHI GAS CHEMICAL COMPANY, INC.

Shanghai OfficeNiigata Plant

Address

Taiwan OfficeMizushima Plant

Mitsubishi Building
5-2 Marunouchi 2-chome, Chiyoda-ku,
Tokyo 100-8324, Japan

Research Institutes

Yokkaichi Plant

Originally founded
January 15, 1918
Incorporated
April 21, 1951
Capital41.97 billion yen
Fiscal Year
Accounts closed in March

Guide to the Mitsubishi Gas Chemical Website
In addition to providing a clear description of our businesses,
we have made it easier to search for product and other information.
The website can also be viewed by smartphone.

URL：https://www.mgc.co.jp/eng

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Tokyo Research Laboratory●Naniwa Plant

Niigata Research Laboratory●Saga Plant

Hiratsuka Research Laboratory

Yamakita Plant
Kashima Plant
QOL Innovation Center Shirakawa

Major Group Companies
DomesticOverseas

EIWA CHEMICAL IND. CO., LTD. [C]

AGELESS (THAILAND) CO., LTD. [C]MITSUBISHI GAS CHEMICAL AMERICA, INC. [C]

FUDOW COMPANY LTD. [C]

BRUNEI METHANOL COMPANY SDN. BHD. [E]

MITSUBISHI GAS CHEMICAL ENGINEERING-PLASTICSGLOBAL POLYACETAL CO., LTD. [C]

KOREA ENGINEERING PLASTICS CO., LTD. [E](SHANGHAI) CO., LTD. [C]

GRANOPT CO., LTD. [E]

KOREA POLYACETAL CO., LTD. [C]MITSUBISHI GAS CHEMICAL EUROPE GMBH

JAPAN FINECHEM COMPANY, INC. [C]METANOL DE ORIENTE, METOR, S.A. [E]

MITSUBISHI GAS CHEMICAL SHANGHAI COMMERCE LTD.

JAPAN SAUDI ARABIA METHANOL COMPANY, INC. [E]

MGC ADVANCED POLYMERS, INC. [C]MITSUBISHI GAS CHEMICAL SINGAPORE PTE. LTD. [C]JAPAN TRINIDAD METHANOL COMPANY, INC. [E]

MGC ELECTROTECHNO (THAILAND) CO., LTD. [C]

PT PEROKSIDA INDONESIA PRATAMA [C]JAPAN U-PICA COMPANY, LTD. [C]

MGC PURE CHEMICALS AMERICA, INC. [C]

SAMYOUNG PURE CHEMICALS CO., LTD. [C]

JSP CORPORATION [E]

MGC PURE CHEMICALS SINGAPORE PTE. LTD. [C]TAI HONG CIRCUIT INDUSTRIAL CO., LTD. [E]

KYOUDOU KASANKASUISO CORP. [C]

MGC PURE CHEMICALS TAIWAN, INC. [C]TAIXING MGC LINGSU CO., LTD. [C]

MGC ADVANCE CO., LTD. [C]

MGC SPECIALTY CHEMICALS NETHERLANDS B.V. [C]

THAI POLYACETAL CO., LTD. [C]

MGC AGELESS CO., LTD. [C]

MGC TRADING (THAILAND) LTD.

THAI POLYCARBONATE CO., LTD. [C]MGC ELECTROTECHNO CO., LTD. [C]MGC ENERGY COMPANY LIMITED [C]
MGC FILSHEET CO., LTD. [C]
MGC TERMINAL COMPANY, INC. [C]
MGC WOODCHEM CORPORATION [C]MITSUBISHI GAS CHEMICAL TRADING, INC. [C]MITSUBISHI ENGINEERING-PLASTICS CORPORATION [C]
POLYOLS ASIA COMPANY, INC. [C]
RYOWA ENTERPRISE CO., LTD. [C]TOHO EARTHTECH,INC. [C]
TOYO KAGAKU CO., LTD. [C]YONEZAWA DIA ELECTRONICS CO., INC. [C][C] Consolidated subsidiary[E] Equity-method affiliate

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