- Business
- Microwave Chemical Co., Ltd. (9227.T) develops and commercializes microwave-based chemical processes, providing one-stop solutions from research and development through engineering and licensing for commercial plants; core offerings include the PlaWave platform for plastic decomposition and chemical recycling, microwave reactors such as fully flow-type systems (MWF series) for biodiesel and fine chemicals production, high-purity materials for pharmaceuticals, electronics, food additives and functional materials; the company operates primarily in Japan with global partnerships, headquartered in Suita, Osaka, and founded on August 15, 2007 as Microwave Environmental Chemicals Co., Ltd., changing its name in November 2011. Recent developments encompass the completion of Pilot Facility No. 3 at the Osaka Plant in March 2024 for large-scale testing and the liquidation of joint venture TMT Co., Ltd. with Taiyo Kagaku Co., Ltd. in December 2024; in June 2025, the company established the Yokohama Lab to advance in-house microwave oscillator development; ongoing strategic alliances include a March 2025 full-scale chemical recycling project with Resonac Holdings Corporation under Japan's Green Innovation Fund to convert mixed plastics into basic chemicals like ethylene and propylene, and a 2023 joint development agreement with Yokogawa Solution Service for small-scale distributed chemical recycling systems using microwave heating.