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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) and Olin Corporation ("Olin") are pleased to announce the formation of Blue Water Alliance JV, LLP ("BWA") and the commencement of BWA's operations. Mitsui and Olin had agreed to form a strategic alliance to establish the BWA joint venture to provide the optimal and independent solution for procurement, sales, and logistics to serve suppliers and customers in the chlor-alkali industry and to accelerate industrial efforts for decarbonization, subject to receipt of applicable regulatory approvals, which have now been obtained.
BWA brings together Olin's scale, North American export capability, extensive global terminal network, and production flexibility across the electrochemical unit (ECU) portfolio with Mitsui's industry-leading global logistics, long-established supplier and customer relationships, and breadth of product portfolio. BWA is an entity operating independently from each of Mitsui and Olin and will enable customers to benefit from greater security of supply, enhanced logistics reliability, increased access to global product liquidity, and network optimization to support the decarbonization agenda. Initially, BWA will focus on trading ethylene dichloride (EDC), which is the raw material for polyvinyl chloride, and caustic soda, which is used in a wide variety of industries such as pulp and paper. BWA may expand the range of products it handles in the future to include chlor-alkali derivatives.
BWA will contribute to the effective decarbonization of the industry by globally sourcing chlor-alkali products utilizing competitively-priced renewable energy.
|Official name||Olin Corporation|
|Head Office Location||190 Carondelet Plaza Suite 1530, Clayton, MO 63105 USA|
|Representative||Scott M. Sutton (President and CEO)|
|Number of employees||About 7,750 (2021)|
|Business Activities||Chemical manufacturing|
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Secure sustainable supply of essential products” and “Enhance quality of life” and “Create an eco-friendly society”
Secure sustainable supply of essential products
Enhance quality of life
Create an eco-friendly society
Develop talent leading to value creation
Build an organization with integrity