Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

PET REFINE TECHNOLOGY CO., LTD

 

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

pre issuance verification statement

 

Green Financing Framework

Press Release (Japanese)

Press release about the technology

Information about the company