Announcement of Restarting the Bottle to Bottle plant with chemical recycle technology
PET REFINE TECHNOLOGY., Ltd. announced that it will restart its "bottle-to-bottle" plant using its original chemical recycling technology in the summer of 2021, and start commercial production of 22,000 tons of recycled PET resin per year.
Our BRING Technology™ is a unique chemical recycling technology which is capable of producing PET bottles from any kind of used PET bottles, by depolymerize and deriving monomer called BHET (bis-2-hydroxyethyl terephthalate) and then purify them so as to meet producing high quality standards for bottle grade. Used PET bottles can be recycled over and over again as a resource, contributing to the reduction of petroleum use and CO2 emissions.
We are the very first company certified from CBI under the Waste Management Criteria
PET REFINE TECHNOLOGY., Ltd. announced that it has obtained a green loan to finance a capital investment project for the resumption of operations of a chemical recycling plant for PET bottles, scheduled for reoperate in the summer of 2021. The company will also begin manufacturing recycled PET resins.
The green loan is procured in accordance with the Climate Bond Standard, a standard set by the Climate Bonds Initiative (CBI), a U.K. non-profit organization that promotes large-scale investment in the low-carbon economy. This loan is approved for its eligibility by CBI's accredited verification agency, Japan Credit Rating Agency, Ltd. (JCR) with participants of environmental experts from E&E Solutions Inc., and as they evaluated in a rigorous review. In particular, our unique chemical recycling technology called BRING Technology™, was recognized as important aspect for reducing the raw materials of PET bottles and for the effective use of resources.
This is not only the world's first certification of the Waste Management Criteria by the CBI, but also the first time since the establishment of the criteria that a business using chemical recycling has been certified. PRT is the fifth Japanese company to be certified by the CBI and the first company outside of the core infrastructure business in Japan. PRT has received support from Sumitomo Mitsui Banking Corporation for the development of the Green Finance Framework.
The restart of plant operations and the production of recycled PET resin is a milestone that brings us one step closer to realizing our parent company’s vision of “everything back into circulation”. With our core technology BRING Technology™, we will continue to work together with our partners in Japan and abroad to achieve a circular economy.
PET REFINE TECHNOLOGY’s cutting edge chemical recycling technology makes it possible to produce PET from any level of used PET bottles which are mainly manufactured from petroleum-based materials. This recycling technology even allows bottles that contain a high level of impurities so that they are considered difficult to recycle, to be recycled into new, safe and secure PET bottles again and again and again.
Since its establishment in 2008, the company has played a role in the bottle-to-bottle cycle in Japan. We have joined JEPLAN Group since 2018 and have made a fresh start with the goal of complete recycling of used PET bottles as one of the members to realize JEPLAN's vision of “everything back into circulation”.
Because of efforts of consumers, Japan has been successfully collecting used PET bottles. PET REFINE TECHNOLOGY challenge to create a society that used plastic bottles can be continuously used, thereby contribute to the reduction of fossil fuel consumption and carbon dioxide emissions, which are considered to be one of the causes of global warming. In order to pass on this world to the next generation for their healthy living, we commit to challenge of realizing the complete recycling of PET bottles.
We would like to thank you for your continued support of PET REFINE TECHNOLOGY's activities.
President and CEO
We are now showing the inside of our factory site
- Company name
- PET REFINE TECHNOLOGY CO.,LTD
- Established in
- December 10, 2008
- 580 million yen（including capital reserve）
- Business description
- Recycle of used PET bottles using original chemical recycling technology and production of rPET resin
- 12-2 Ogimachi, Kawasaki-ku, Kawasaki City, Kanagawa 210-0867, Japan
By Bus from JR Kawasaki Station:
Ride a bus at bus stop #8 bounded for Mitsui Pier. Get off at pet refine technology mae.
By train using JR Tsurumi Line:
Transfer to the JR Tsurumi Line at Tsurumi Station. Get off Ogimachi Station, and 3 minutes on foot.
By train using JR Nambu Line:
Transfer to the JR Tsurumi Line at Hamakawasaki Station. Get off Ogimachi Station, and 3 minutes on foot.
By car From Tokyo
Five minutes From Hamakasawaki Ramp Exit on K1 Yokohane Route of the Metropolitan Expressway Kanagawa Route.
By car From Yokohama
Ten minutes From Asada Ramp Exit on K1 Yokohane Route of the Metropolitan Expressway Kanagawa Route.
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