24 Mar 2021 --- Japan-based recycling company Jeplan is joining the Sojitz Corporation to establish a PET bottle chemical recycling business in Japan. The collaboration will utilize Jeplan’s proprietary chemical recycling technology, Bring. As part of the joint venture, Jeplan has issued a third-party allotment of new shares underwritten by Sojitz. Additionally, Sojitz has agreed to acquire a 25 percent stake in PET Refine Technology (PRT), a subsidiary of Jeplan, and to operate the company jointly.
