Teijin in polyester recycling joint venture

Teijin Limited established Zhejiang Jiaren New Materials Co., Ltd., a joint venture with Jinggong Holding Group in Shaoxing, Zhejiang Province, one of China’s largest production bases for fibre products. Through the joint venture, Teijin will chemically recycle polyester, as well as manufacture and sell the resulting fibres, with the aim of establishing a closed-loop recycling system in China leveraging its advanced proprietary chemical recycling technology and the business expertise it has cultivated in the global expansion of ECO CIRCLE, its existing closed-loop recycling system for polyester. The construction will begin this November, with operations scheduled to begin by the end of March, 2014. It will be the first time for Teijin to operate polyester chemical recycling outside Japan.

www.teijin.co.jp