RePEaT Co., Ltd. announced on Febuary 15 that it has signed an agreement to license its chemical recycling technology for polyester products to Zhejiang Jianxin Jiaren New Materials Co., Ltd., as the world's first company to be licensed by RePEaT.

RePEaT  is  a joint venture  established  last  month  by Teijin  Limited,  JGC  Holdings Corporation and ITOCHU Corporation to license recycling technology based on Teijin’s expertise in dimethyl terephthalate (DMT), JGC’s expertise for general engineering in plant construction, and ITOCHU’s global network spanning diverse industries.

Zhejiang Jianxin, established in 2022, is a member of the Jinggong Holding Group, which operates businesses in China focused on environmental management in the steel, textile, building materials and beverage sectors.  Under the group, there is Zhejiang Jiaren  New Materials  Co.,  Ltd., who  is  specialized  in  operating  chemical-recycling plants.

RePEaT  will  provide  a  technology  that  uses  the  organic  compound  DMT  for  the chemical  decomposition,  conversion  and  then  repolymerization  of  polyester  (PET). Zhejiang Jianxin will use the technology in a polyester-product recycling plant it plans to start up in Shaoxing, Zhejiang Province next year.

RePEaT supports the implementation of resource-recovery mechanisms (ecosystems) for the  recycling  of  polyester  products to  help reduce  CO2  emissions  in  both the manufacture and eventual disposal of polyester clothing. The company is also working to reduce the environmental impact of its own supply chain to contribute to a more sustainable world.

Source: Teijin