Japan-headquartered Mitsubishi Chemical Advanced Materials has announced that it has acquired the assets of two German carbon fibre recycling companies – sister companies CFK Valley Stade Recycling and carboNXT. These strategic acquisitions are part of the vertically integrated company’s circular economy approach to business, which contrasts the traditional linear economy model of production.
Based on Mitsubishi Chemical Holdings Group’s (MCHC) Management Strategy, KAITEKI Vision30, circular economy is the main driving factor in their realisation of KAITEKI, and is achievable through strategic acquisitions such as this one. According to Mitsubishi (@MCAMconnect), with their own network to collect carbon fibre waste products, CFK has built a strong reputation as a leading solutions provider for customers in mobility-related industries. Another competitive advantage that CFK offers is their advanced proprietary technology that breaks down carbon fiber waste, and converts this material into various usable forms of carbon fibre. In turn, carboNXT sells these CFK- recycled products back into the market, which closes the circular loop.
Furthermore, Mitsubishi Chemical Advanced Materials has a variety of composite materials in their portfolio that will benefit from recycled carbon fiber, helping their customers achieve the right balance of improved performance and more sustainable/economical solutions. Mitsubishi Chemical Corporation (MCC) has already experienced a significant amount of success employing a similar model in Japan where they have been recycling carbon fibre through its subsidiary, Shinryo Corporation. In the future, MCC will offer total turnkey solutions that include waste recycling to customers by using recycled products as raw materials within the group.
Source: Bio Market Insights
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