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Mitsubishi Chemical to recycle carbon fibers from old plastics

Cheaper material promises new applications and new customers

This concept car incorporates materials the Mitsubishi Chemical group developed to make cars lighter.

TOKYO -- Mitsubishi Chemical is getting into the business of recycling carbon fibers from rejected and spent plastics reinforced with the material.

Carbon fibers are lighter and stronger than steel and easier to shape, but they have found only limited industrial applications to date because of their high cost. 

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