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Mitsubishi Chemical, Faurecia to develop bioplastics for automotive interior parts

November 8, 2012

TOKYO — Mitsubishi Chemical Corp. has signed an agreement with Paris-based automotive equipment supplier Faurecia to jointly research and develop bioplastics used in automotive interior parts.

Under this agreement, the companies will pursue development of a tailor-made biomass poly-butylene succinate (PBS) that is suitable for automotive interior parts by 2014.

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The agreement “is a major step towards full-scale practical applications of bioplastics in the automotive industry, further driving us forward in the sustainable resource business,” Mitsubishi Chemical said in a statement posted on its website.