PET REFINE TECHNOLOGY CO., LTD (PRT) is a wholly owned subsidiary of JEPLAN, INC., which is active in the recycling industry.
The proceeds will be used to finance investments in a PET (polyethylene terephthalate) bottle recycling factory in Kawasaki City, Japan. The factory had been operating between 2009 to 2017. These investments will upgrade and refurbish the factory in order to resume its operations in the summer of 2021. The factory will be using an innovative chemical process to recycle the PET materials into the same quality as virgin PET materials, so that they can be turned into new bottles of the same quality.
The factory will be producing 22,600 tons of recycled PET resin annually.
This is the first Certification under the Waste Management Criteria, and also it is the first verification conducted by Japan Credit Rating Agency.
|DATE OF ISSUE||TYPE OF INSTRUMENT||SIZE||COUNTRY OF ISSUE||CBI SECTOR CRITERIA||VERIFIER'S REPORT||ANNUAL REPORT||FURTHER INFORMATION|
|August 2020||Loan||JPY 1.75 billion (USD 16.7m)||Japan||Waste Management||
Press release about the technology