Mitsui to Form JV with Veolia, Seven & I To Build PET Recycling Plant in Japan

摘要

Tokyo— Mitsui & Co. has signed a shareholders' agreement with Veolia Japan and Seven & i Holdings to establish a joint venture for setting up a new polyethylene terephthalate (PET) recycling facility in Japan. The plant, expected to have around 25,000 t/y of recycled PET resin capacity, is planned to begin operations in 2022. The parties are expected to make a final investment decision by the end of this fiscal year, after which the joint venture company would be formed.