Recycling-oriented Business Model

Overview of our Recycling-oriented Business Model

The Mitsubishi Materials Group is a complex corporate entity encompassing a wide range of technologies and expertise, from resources upstream to materials midstream to processed products downstream. We have continued to make the most of those capabilities on a Group-wide scale, in an effort to establish a recycling-oriented business model based on recovering resources from a wide range of waste products.
We strive to create cyclical value chains in each of our businesses, so that resources and materials are processed into products and then recycled back into materials. This also helps to promote recycling-oriented social systems (Circular Economy).
We will achieve growth throughout the value chain to expand resource recycling. We will achieve this by leveraging our strength in advanced dismantling and separation technologies in the home appliance recycling business, along with recycling technologies in the smelting business, expanding the range of items to which these technologies are applied, the regions in which we operate, and the scale of operations.
In the recycling of metal resources, we will recover used or discarded products, disassemble or separate them, input the materials into smelting or other processes to extract useful metal elements, then process or fabricate those elements into high-performance materials and products that will be supplied to the market.
In this way, we will design and build a circulatory system for resources through “veins” that circulate resources, “arteries” that supply high-performance materials and products, and once again through “veins” via the market. At the same time, the Renewable Energy business will supply the renewable energy-based power it has generated to the entire business, contributing to progress in reducing greenhouse gases on the way to achieving carbon neutrality.

In Pursuit of a Recycling-oriented Business Model

Purpose of activities

Activities during FYE March 2025

Self-assessment

Targets/plans for activities FYE March 2026 onwards

Expand processing of recyclables

(Metals business (Smelting sector))

Increase in of the E-Scrap processing capacity of the Naoshima Smelter & Refinery was planned

A

Strengthen and expand the scale of networks aimed at recycling resources

Facilities for enhancing the recycled raw material pre-processing at the Onahama Smelter & Refinery of Onahama Smelting & Refining Co., Ltd. were installed and planned

Increase the recycling rate by expanding E-Scrap processing

Create a recycling business for rare earth elements and rare metals

Aiming to be the driving force of resource-recycling systems

Providing reliable recycling systems, such as by ensuring traceability

(Metals business (Resource-recycling sector))

Released the recycled metal brand REMINE

A

Expansion of applicable products

Considered the commercialization of the Exurban Project, a smelting business using only E-Scrap raw materials

US-based project feasibility study, investment decision during the fiscal year ending March 2025, consideration of expansion to other regions

Considered commercialization of home appliance recycling business in Malaysia

Investment decision after enactment of legislation (expected in 2025), consideration of expansion to other regions

Established implementation and management policies for the resource recycling system with users and expanded applicable users

Established implementation and management policies for the resource recycling system with users and expanded applicable users

Expanded the home appliance recycling business, promoted the automation of home appliance recycling, and improved the added value of collected items

Expand the home appliance recycling business, promote automation of home appliance recycling, and improve the added value of collected items

Expanded the introduction of the home appliance recycling operation management system and model number recognition technologies (other sites, upstream processes)

Expand introduction of home appliance recycling operation management system and model number recognition technologies (other sites, upstream processes)

Demonstrated HV motor recycling technologies and LIB recycling technologies

Demonstrate HV motor recycling technologies and LIB recycling technologies

Continue to consider PV recycling system

Commercialization of solar panel recycling system

Promoting the recycling of fluorine resources

(Advanced Products business (Electronic Materials & Components))

The amount recycled was 1,201 tons/year, 18% below the budget

B

Ensure the stable operation of recycling plants and achieve the plan of the amount recycled

The raw material recycling rate was 15%

Promoting the recycling of tungsten

(Metalworking Solutions business)

Recycling rate increased (by 229% from the fiscal year ended March 2018 level)

A

Increase the recycling rate (by 237% from the fiscal year ended March 2018 level)

Increased recycling collections

Expand amount of materials recovered for recycling (expand overseas recovery area)

Self-assessment grades A: Target achieved B: Target mostly achieved C: Target not achieved

Resource Recycling with No Need for Final Disposal Sites

Smelter & Refinery: Recycling Resources from Urban Mines

The Mitsubishi Process

Our unique Mitsubishi Continuous Copper Smelting and Converting Process (The Mitsubishi Process) continuously produces blister copper from copper concentrate and recycled raw materials by connecting a series of three furnaces with pipes. As the required facilities are compact and help save energy and reduce costs, they have an exceptionally low environmental impact and produce a copper manufacturing process renowned for its high efficiency.

Cement Plants: Taking in, Detoxificating and Stabilizing Difficult-to-treat Waste from Other Industries

High Temperature Burning Process

Raw materials (including wastes and by-products) are prepared during the raw material grinding process and then sintered at high temperatures to produce a hydraulic mineral during the burning process. Once the raw mixture has reached the maximum temperature (1,450ºC) and a series of chemical reactions are completed, it is quickly cooled into an intermediate product called clinker.

  • MFC: Calciner

Key Features of Waste Treatment at Our Cement Plants

  • Capacity to treat large volumes of waste
  • Detoxification of waste products
  • No secondary waste (extending life span of final disposal sites)

Home Appliance Recycling Plants: Used Home Appliances are Dismantled and Recovered Items are Supplied as Materials

Reduction in Environmental Impact due to Recycling Home Appliances(LCA analysis for the fiscal year ended March 2025)

If recycling home appliances is conducted, so that resources are recovered from used appliances and reused as new materials.

Item

Total

Reduction in GHG emissions

(CO2 equivalent)

150 thousand of tons

Reduction in consumption of natural mineral resources

400 thousand of tons

Reduction in energy consumption

(crude oil equivalent)

80 thousand of tons

Reduction in waste sent to landfill

110 thousand of tons

The above table does not take into account the impact of recovering fluorocarbons (refrigerant fluorocarbon in air conditioners, refrigerators, and washing machines, and insulation fluorocarbon in refrigerators). Expressed in terms of CO2 emissions, recovering approximately 524 tons of recovered freon would equate to a reduction of approximately 1,150 thousand of tons.

  • The home appliance recycling plants subject to LCA evaluation are as follows.
    • Hokkaido Eco Recycle Systems Co., Ltd.
    • East Japan Recycling Systems Corp.
    • Kansai Recycling Systems Co., Ltd. Main Plant, Second Plant
    • Panasonic Eco Technology Kanto Co., Ltd.
    • Chubu Eco Technology Co., Ltd.
  • "The National Institute of Advanced Industrial Science and Technology AIST-IDEA Ver. 3.4" is used to assess the effectiveness of reduction in environmental impact assessment.
Robot unscrews flat-screen TVs
拡大
Robot unscrews flat-screen TVs

Securing Stable Products Supplies: Copper products

Using copper concentrate from environmentally friendly copper mines and leveraging the competitive edge of the Mitsubishi Continuous Copper Smelting and Converting Process, we operate a recycling business that boasts world-leading processing capacity, thus ensuring the steady supply of cleaner non-ferrous metal materials to society. While copper and precious metals grow more important reflecting various shifts such as EVs, IT, and decarbonized society, we fulfill our responsibility to supply materials with environmental considerations, thus contributing to the development of society and realization of a sustainable society.

Material Grid framework

Securing Stable Products Supplies: Cemented Carbide Products

Tungsten, the main raw material used in cemented carbide tools, is a type of rare metal considered politically important for ensuring stable supply. Tungsten ore mines are unevenly distributed in some countries and regions, and there are risks of sharply rising prices and availability issues due to instability in international relations. We will actively promote the recycling of used cemented carbide tools and continue to ensure the stable supply of tungsten in the future.

FYE March 2021 result

FYE March 2022 result

FYE March 2023 result

FYE March 2024 result

FYE March 2025 result

FYE March 2026 target

Ratio of recycled tungsten as raw material

41.8%

43.5%

50.0%

56.0%

58.6%

More than 60.0%

Tungsten recycling process

Recycling in Individual Businesses

Metals Business

Recycling Rare Metals

PGM*1 are rare metals that are found in E-Scrap, etc. Group company Onahama Smelting & Refining Co., Ltd. refines PGM intermediate materials obtained from our Naoshima Smelter & Refinery, to create products such as metals and chemical compounds.
Platinum and palladium in particular are key materials in the automotive, electric and electronic sectors. With that in mind, we applied to register our brand with the London Platinum and Palladium Market (LPPM), as a means of ensuring credibility in the market, and successfully obtained certification in September 2012. We are determined to keep on improving the quality of our products, and make every effort to ensure stable supplies of rare metals.

  1. Platinum Group Metals
  2. As of April 1, 2025, the business of Materials Eco-Refining Co., Ltd. was transferred to Onahama Smelting & Refining Co., Ltd. and two other companies through an absorption-type company split.

The rare metal recycling process

Recycling Scrap

We use smelting technology for the purpose of recycling at our smelters and refineries. We take in a wide variety of scrap, including shredder dust and used batteries from sources such as used home appliances or scrap vehicles, and E-Scrap from sources such as used substrates and connectors. We then recycle scrap, by using it for raw materials or thermal energy, and recover valuable metals.

Volume of scrap processed

Home Appliances Recycling

Home appliances are made by combinations of various materials such as glass, plastic and rubber as well as metals such as steel, aluminum, and copper. Home appliances are first of all disassembled manually, then crushed and sorted at our home appliances recycling plants*1, which are operated in partnership with home appliance manufacturers. We have adopted several advanced sorting processes for components and materials, and are always trying to create more value from recovered materials and to improve recycling efficiency. We recover copper and other precious metals from recovered copper-based materials and printed circuit boards in our copper smelting process. Thus, we maximize the effect of synergies within our Group. In the fiscal year ended March 2025, we recycled 2,613 thousand units of home appliances at six plants of our five affiliated companies (6 companies, 7 plants, 3,516 thousand units). Recycling of this volume could reduce landfill disposal equivalent to 121 thousand tons.*2

  • This data is only available in Japanese on the website.

Trend of recycled amount

  1. Major partners: Hitachi, Ltd., Sharp Corporation, Panasonic Corporation
  2. The home appliance recycling plants subject to LCA evaluation are as follows.
    • Hokkaido Eco Recycle Systems Co., Ltd.
    • East Japan Recycling Systems Corp.
    • Kansai Recycling Systems Co., Ltd. Main Plant, Second Plant
    • Panasonic Eco Technology Kanto Co., Ltd.
    • Chubu Eco Technology Co., Ltd.

Supply of Japan's First Recycled Metal Brand "REMINE" Series Products
- The recycled content is calculated in accordance with the international standard ISO14021*1

We launched "REMINE," the first recycled metal brand in Japan*2, which specifies the recycled content in non-ferrous metal products. In January 2024, we began selling "Refined Tin (Ingot)" with 100% recycled content and "Refined Lead (Ingot)" with greater than 99.6% recycled content. In December 2024, we added "Refined bismuth (Bi)(Ingot)" which contains 92.2% or more recycled content, 100% "platinum (Pt) sponge," "palladium (Pd) powder" and "tungsten trioxide (WO3-5).”
REMINE is a coined word combining "RE" meaning "repeat/reborn" and "MINE." With the aim of realizing a sustainable society, we will contribute to resource recycling and environmental impact reduction by recycling metals collected in the supply chain. In order to realize a sustainable society, it is our responsibility to our stakeholders to ensure the transparency and traceability of raw materials and other information in our products in the supply chain from the perspective of resource circulation and environmental impact reduction. Additionally, the need to quantify the environmental impact of products is becoming more important.
The "REMINE" series offers non-ferrous metal products by using our cultivated strength in recycling technology. The recycled content is calculated in accordance with the international standard ISO14021 (JIS Q14021*3) and verified by a third-party organization (SGS Japan Inc.) to ensure a higher level of reliability.
Detailed product information can be found on the dedicated website below.

MMC Group will contribute to the creation of a sustainable society through the supply of "REMINE" series products.

  1. ISO14021 is an international standard that requires the elimination of ambiguous expressions and the disclosure of information necessary for verification regarding environmental information on products. This standard includes a definition of recycled materials and a method for calculating recycled content.
  2. This is the first time in Japan that the recycled content of non-ferrous metals is calculated in accordance with ISO14021 and verified by a third party. As of December 2023, based on our company's research.
  3. JIS Q14021 is a Japanese industrial standard based on ISO14021 and has the common content with the international standard ISO14021.

Advanced Products Business (Electronic Materials & Components)

Recycling Fluorine Resources

We manufacture a range of fluorine compounds at the Group company Mitsubishi Materials Electronic Chemicals Co., Ltd., including materials for use in semiconductor manufacturing, flame retardant and antistatic materials, and hydrofluoric acid.
Since the fiscal year ended March 2007, we have been engaged in the recycling of fluorine resources in which we recover calcium fluoride waste emitted by companies using fluorine compounds and recycle it back into fluorine resources that can be used as alternative raw materials for fluorite. We will promote the recycling of fluorine resources through further technical innovation.

Metalworking Solutions Business

Recycling Tungsten

Waste containing rare metals contains such a high percentage of rare metals that it is possible to extract them more efficiently than obtaining metals from natural resources. A prime example is tungsten, the main raw material used in cemented carbide products. Making the most of the Mitsubishi Materials Group’s comprehensive capabilities as a manufacturer, from raw materials through to finished products, we are currently focusing on recycling used cemented carbide products in an effort to secure stable supplies of raw materials.

Affiliated Business

Recycling Industrial Waste and Byproducts

Using a burning process that reaches temperatures of 1,450°C, the Group's cement plants detoxify and make effective use of industrial waste and other difficult-to-treat materials without generating any secondary waste. As well as using substances such as coal ash, construction sludge, sludge, incineration fly ash, copper slag byproducts from copper smelters, and gypsum as the raw materials of cement, we also turn materials such as waste plastics, waste tires and wood waste back into cement, by using them as a source of thermal energy.