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Home > News > Recycling

Teijin, JGC and ITOCHU to form JV to license chemical recycling technology

Source：Adsale Plastics Network Date ：2022-12-05 Editor ：JK

Teijin Limited, JGC Holdings Corporation and ITOCHU Corporation announced that they formally agreed to establish a joint venture company, RePEaT Co., Ltd., to license technology for the chemical recycling of polyester products.

The new joint venture will use a chemical-recycling technology called dimethyl terephthalate (DMT), which decomposes and converts polyester (PET) and then repolymerizes it. Notably, the DMT method removes dyes and impurities, making it possible to manufacture recycled PET with the same quality as petroleum-derived PET.

Teijin has extensive experience in using DMT technology for the commercial production of polyester products including colored textile waste and colored PET waste.

Teijin, JGC and ITOCHU will set up a JV to license chemical recycling technology for polyester.

In response to urgent needs to counter global warming, the fiber and textile industry is working on measures, including the establishment of ecosystems for resource recycling, to address issues such as CO2 emissions from manufacturing processes and the mass disposal of used clothing.

Currently, disposed textile products are used as a heat source (thermal recovery) or as raw materials for the production of other products (material recycling). Chemical recycling, however, is a revolutionary method that uses chemical decomposition for textile to textile recycling that turns used textile products into new textile raw materials.

After concluding a preliminary agreement in April 2021, the three companies explored commercial opportunities to globally license the technology, utilizing Teijin’s DMT expertise and know-how, JGC’s general engineering experience and know-how in plant construction, and ITOCHU’s global network in the textile industry.

In view of the strong global demand envisioned for their licensed technology, the partners have now decided to proceed with establishing a commercial joint venture.

RePEaT will license recycling technology that was first developed by Teijin and then jointly streamlined and packaged by JGC and Teijin. Customers in Japan and other countries are expected to use the technology to launch chemical-recycling businesses for the production of polyester products.

In addition to technology licensing, RePEaT will provide consulting services to help customers establish ecosystems that collect used polyester fiber products for reuse as raw materials.

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Recycling

Teijin

SACMI (SHANGHAI) MACHINERY EQUIPMENT CO., LTD.

JIANGXI ZHILIAN NEW MATERIALS CO., LTD

SHANGHAI PUSUN PLASTIC PRODUCTS CO., LTD

SHANGHAI SMART NEW MATERIALS CO.,LTD

HANGZHOU JUHESHUN NEW MATERIAL CO., LTD.

WINDORA MATERIALS LLC

HEBEI MINGMAI TECHNOLOGY CO., LTD.

Quanzhou Juyuan Plastic Machinery Co.,Ltd.

QINGDAO HAIRUITE CHEMICAL MATERIAL CO., LTD

WUXI ADVANCE TECHNOLOGIES, INC

ANHUI SHANHE NEW MATERIAL CO., LTD.,

FUJIAN CHALLENGE WOLVES TECH. CO.,LTD

ZHEJIANG HAIGONG MACHINERY CO.，LTD

ZHANGJAGANG RONGSHENG MACHINERY CO.,LTD

JIANGYIN DEBAO NEW MATERIAL TECHNOLOGY CO.,LTD

ANHUI ZHONGXIN HONGWEI TECHNOLOGY CO.,LTD

WUXI SONGHUXINRUI MACHINERY CO., LTD.

NINGBO JINGHAI PIGMENT CO., LTD

Shanghai DODGEN Chemical Technology Co., Ltd.

SHANGHAI QIRAIN NEW MATERIALS CO., LTD.

TAIZHOU HUANGYAN AOJIE PLASTIC MOULD CO., LTD.

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Source：Adsale Plastics Network Date ：2022-12-05 Editor ：JK

Teijin has extensive experience in using DMT technology for the commercial production of polyester products including colored textile waste and colored PET waste.

Teijin, JGC and ITOCHU will set up a JV to license chemical recycling technology for polyester.

In view of the strong global demand envisioned for their licensed technology, the partners have now decided to proceed with establishing a commercial joint venture.

In addition to technology licensing, RePEaT will provide consulting services to help customers establish ecosystems that collect used polyester fiber products for reuse as raw materials.