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.