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LNJ GreenPET and Sumitomo Corporation Sign MoU for Strategic Collaboration in r-PET Sector
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....NJ GreenPET and Sumitomo Corporation Sign MoU for Strategic Collaboration in r-PET Sector<BR>PTI News<BR>Dated:- 8-9-2025<BR>PTI<BR>NEW DELHI, Sept. 8, 2025 /PRNewswire/ -- LNJ GreenPET, a part of the LNJ Bhilwara Group, announced the signing of a Memorandum of Understanding (MoU) with Japan-based Sumitomo Corporation to establish a strategic collaboration in the rapidly growing recycled polyethyl....
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....ene terephthalate (r-PET) sector in India. The agreement outlines a multi-pronged framework for cooperation, encompassing commercial development, raw material procurement, marketing, and potential investment opportunities for the company's upcoming r-PET project in India. As part of the partnership, both companies will jointly conduct a comprehensive market study on the r-PET landscape in India.....
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.... The study will include market sizing, customer segmentation, technical assessments, supply chain benchmarking, and regulatory feasibility. These insights will serve as the foundation until LNJ GreenPET begins commercial production in 2026. To support the project during its pre-production phase, Sumitomo Corporation will facilitate interim sourcing of r-PET flakes from Southeast Asia and other g....
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....lobal regions. Additionally, the two companies will collaborate on pre-marketing activities, customer engagement, and the development of sales channels in both domestic and international markets. Commenting on the collaboration, Mr. Riju Jhunjhunwala, Chairman at LNJ Bhilwara Group, said, "This MoU with Sumitomo Corporation is a significant step towards strengthening India's circular economy eco....
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....system. By combining Sumitomo Corporation's global expertise with our vision for sustainable plastic recycling, we aim to create a robust r-PET value chain that addresses both domestic and global demand for sustainable packaging solutions." Adding, Mr Yutaka Takamura, General Manager of Green Chemical SBU said, "It's an honour to partner up with LNJ GreenPET in advancing the r-PET sector in India.....
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.... This collaboration allows us to combine our global experience with LNJ GreenPET's local expertise to support the development of a strong circular economy. Together, we aim to create innovative, sustainable solutions that address both domestic needs and global demand." This partnership underlines LNJ GreenPET's commitment to pioneering large-scale recycling solutions in India. It also supports nat....
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....ional sustainability goals and contributes to reducing plastic waste through advanced technologies and international collaborations. About LNJ GreenPET: LNJ GreenPET, a part of the LNJ Bhilwara Group, is focused on pioneering sustainable solutions in the plastics recycling sector. With cutting-edge technology and a strong vision for a cleaner future, the company aims to drive innovation in food-....
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....grade r-PET production, aligning with India's mission to reduce plastic pollution and promote circular economy practices. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR<BR> News - Press release - PIB....