#Japan #Tokyo #iPEACE223 #Forbes JAPAN #Green Propylene

iPEACE223 Recognized for Its Innovative Green Solutions

In a significant achievement for the sustainable technology sector, iPEACE223 Inc., based in Chuo-ku, Tokyo, has been featured in the November 2025 issue of Forbes Japan. The article spotlights the top 100 startups from Japan that are poised to make an impact in 2026. iPEACE223 stands out for its groundbreaking approach to producing green propylene from biomass resources, effectively reducing carbon emissions associated with traditional petrochemical production.

What is iPEACE223?

Founded on August 1, 2023, iPEACE223 focuses on developing catalyst processes that convert bioethanol into essential chemical feedstocks, such as propylene, and fuels like propane. By utilizing zeolite catalyst technology, the company aims to shift the production landscape away from CO2-heavy petroleum sources. This innovative strategy not only paves the way for more sustainable production practices but also aligns with the global ambition of achieving carbon neutrality.

Forbes Japan's Selection Criteria

Forbes Japan curated its list by focusing on startups established since January 2021 that have raised over 100 million yen within the past year, and have cumulatively raised 500 million yen. The selection underscores iPEACE223's strong potential in the startup ecosystem, particularly in light of its technical innovations and positive societal impact.

The Technology Behind Green Propylene

At the heart of iPEACE223's mission is the practical application of zeolite catalysts for the conversion of ethylene into propylene. Instead of relying on petroleum-derived materials, iPEACE223 transforms biomass resources into propylene and propane through sophisticated catalyst development and process design of associated plants. This method significantly minimizes CO2 emissions, making their approach not just efficient but also environmentally responsible.

Benchmarking Progress

As part of its commitment to innovation, iPEACE223 has commenced operations at its bench plant located in Techno Hub Innovation Kawasaki, also known as THINK. Operating since July 2025, this facility is crucial for scaling up and validating the technical processes necessary for broader societal implementation. The demonstration activities at this plant are expected to further advance the company's objectives of enhancing its green propylene production capabilities.

Corporate Overview

Company Name: iPEACE223 Inc.
R&D Base: 4259 Nagatsuda-cho, Midori-ku, Yokohama, Kanagawa
Location: Room 206, R2B Building, Suzukakedai Campus, Tokyo University of Science
Establishment Date: August 1, 2023
CEO: Tohru Setoyama
Business Focus: Development of catalyst processes for producing propylene and propane from bioethanol
Company Website

This recognition by Forbes not only accentuates the innovative spirit of iPEACE223 but also amplifies the importance of transitioning to sustainable resource utilization in the chemical industry. With a strong leadership team and a clear vision for the future, iPEACE223 is undoubtedly a company to watch in the coming years.