Asahi Kaisei Adr Stock Price, News & Analysis

Asahi Kasei has invested in Circularise B.V., a Dutch startup specializing in digital product passports and mass balance bookkeeping software, alongside Brightlands Venture Partners, 4impact capital, and Neste. This investment, made in November 2022, aims to enhance supply chain traceability and transparency, contributing to a sustainable circular economy. Circularise utilizes Smart Questioning technology and Zero-Knowledge Proofs to provide reliable supply chain management while maintaining stakeholder confidentiality. Asahi Kasei aligns this investment with its commitment to sustainability and carbon neutrality by 2050.

Asahi Kasei showcased their new AKXY2 concept car at CES 2023, emphasizing solutions for sustainable mobility. The vehicle features innovations like Active Road Noise Cancellation, millimeter-wave radar for child detection, and drunk driving prevention systems. The company highlighted its commitment to sustainability, integrating recycled materials and advanced technologies in the automotive sector. AKXY2 proposes a 'mobile living space' concept, aligning with modern consumer demands for comfort and eco-friendliness.

Asahi Kasei has announced the sale of Tufdene™ S-SBR and Asadene™ BR, produced using the mass-balance method, starting November 2022. The products, certified under ISCC PLUS, aim to meet the growing demand for sustainable materials, particularly for eco-friendly tires. Asahi Kasei plans to reduce CO2 emissions by integrating biomass and plastic waste in production. The company seeks to become a sustainable partner for customers while striving for carbon neutrality by 2050.

Asahi Kasei has acquired ISCC PLUS certification for several products, allowing it to manage biomass and recycled materials using the mass-balance method across its supply chain. The certified products include Acrylonitrile, Methyl methacrylate, and various types of rubber and plastic. This certification aligns with the company’s commitment to sustainability and carbon neutrality, enhancing its product offerings to meet global demands for eco-friendly solutions. Asahi Kasei aims to deepen collaboration with partners and further its sustainability goals.

Asahi Kasei has begun constructing an alkaline water electrolysis pilot test plant for hydrogen production at its Kawasaki Works in Japan, expected to commence operations in early 2024. This project, supported by Japan's NEDO, aims to enhance the efficiency of electrolysis equipment to adapt to renewable energy power fluctuations. With a focus on hydrogen as a strategic growth area, Asahi Kasei plans to commercialize larger alkaline water electrolysis systems by 2025, building on its previous trials since 2020.

Asahi Kasei Pharma is inviting proposals for drug development research, offering funding of up to US$200,000 annually for selected applications over a period of 1-3 years. The application window runs from January 5, 2023 to February 28, 2023. The focus areas include autoimmune, renal, neurodegenerative, and bone diseases, alongside platform technologies for drug discovery. Established in 2016, Asahi Kasei Pharma has funded over 20 proposals and aims to foster innovation through collaborations with global researchers.

Asahi Kasei and Crystal IS have reported that their experimental Klaran™ WR UVC LED water treatment reactor outperformed traditional mercury lamp systems by over 75% in bacterial performance tests. The reactor operates at the same power level (6 W) while being lighter, smaller, and safer, contributing to a mercury-free environment. This advancement aligns with the stricter regulations following the Minamata Convention, promoting energy efficiency and safer water treatment. Asahi Kasei aims to replace mercury lamps with UVC LEDs in various applications.