Mitsui and Olin Corporation have set up the ‘Blue Water Alliance’ joint venture which will grant access to greater security of supply, enhanced logistics reliability, increased access to global product liquidity, and network optimization to support decarbonization.
A chemical tanker which BWA uses in its ocean transportation.
(Source: Mitsui)
Japan – Mitsui & Co. and Olin Corporation have recently announced the formation of Blue Water Alliance JV (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 decarbonisation, 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.
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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 decarbonisation of the industry by globally sourcing chlor-alkali products utilising competitively-priced renewable energy.
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Stand vom 23.03.2021
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