With the APLCLC serving to support environmental startups, the Mitsui Chemicals Group will grant $10,000 to the three selected companies and work with UNEP to offer them technical guidance and managerial support.
This program solicits submissions from a wide range of Asian startups and selects around 10 companies per year across the three categories of low-carbon energy, plastic waste prevention and low-carbon mobility.
More than 100 companies entered the challenge this year. In partnership with a number of companies and organizations, which include Mitsui Chemicals, the program provides such support as grants, technical guidance and advice on corporate management.
Overview of the Three Selected Startups
AYA Cup (Vietnam) : http://ayacup.com/en_gb/
Provides a system that promotes the use of reusable cups at universities and event venues.
REMAKEHUB (China) : http://www.remakehub.co/
Recovers discarded fishing nets and recycles them into sunglasses frames and other products.
The Green Road (Bhutan)
Offers a low-cost road paving solution that uses plastic waste as an alternative to asphalt.
This year’s winners
Having established a Corporate Sustainability Division in April 2018, the Mitsui Chemicals Group is actively incorporating elements of sustainability into its management and business strategy, pursuing a transformation of its business model to realize a cohesive society that is in harmony with the environment and health and happiness in an aging society.
As a chemical company whose mainstay products and services involve plastics, Mitsui Chemicals regards the twin problems of climate change and plastic waste as key social issues that must be tackled seriously by means of an integrated response and intends to contribute to creating a circular economy.