News Releases / 2020
June 30, 2020
Rengo Joins in Establishment of R Plus Japan, a New Company Developing Business for Recycling of Used Plastics
―Joint venture company with 11 other cross-industry partners―
―Taking on the challenge of developing environmentally-friendly, efficient plastics recycling technology using technology of US-based biochemical venture company, Anellotech―
Rengo Co., Ltd. announces that it has joined in the establishment of R Plus Japan Ltd. (President & CEO: Tsunehiko Yokoi; Headquarters: Minato-ku, Tokyo). R Plus Japan is a joint venture company investing in the business of recycling used plastics that will contribute to solving the plastics problem, toward realization of a sustainable society, starting in June this year. In addition to Rengo, there are 11 other participating companies from within the plastics supply chain, including Suntory MONOZUKURI Expert, Ltd., TOYOBO Co., Ltd., Toyo Seikan Group Holdings, Ltd., J&T Recycling Corporation, Asahi Group Holdings, Ltd., Iwatani Corporation, Dai Nippon Printing Co., Ltd., Toppan Printing Co., Ltd., Fuji Seal International, Inc., Hokkai Can Co., Ltd., and Yoshino Kogyosho Co. Ltd.
R Plus Japan will continue seeking additional investors, and companies such as Sumitomo Chemical Co., Ltd. are currently considering joining.
Rengo defines itself as a “General Packaging Industry” that provides comprehensive solutions to fulfill all the packaging requirements of a wide array of industries, mainly in its six core business fields of Paperboard, Corrugated Packaging, Folding Cartons, Flexible Packaging, Heavy Duty Packaging, and Overseas Business.
“Less is more.” is the key concept for the Rengo Group’s packaging manufacturing and also for environmental management. This is the ideal that the Group seeks through all our business activities in fulfilling our social responsibility as a company toward contributing to the development of a better and sustainable society through the production of high-quality and high value-added packaging, while effectively using resources and reducing impact on the global environment. We are working toward achievement of the international goals—Sustainable Development Goals, or SDGs― through our business activities.
In the Corrugated Packaging business field, Rengo has continued to build recycling systems and supports the recycling of corrugated packaging in the 3-business integration of the recovered paper, paperboard, and corrugated packaging industries.
In addition, the Flexible Packaging business, which has developed since 1998, has today grown into a major business. Also, as regards plastic, which is the main raw material in the Flexible Packaging business, through taking the opportunity of cooperating with the other partner companies provided by the participation in R Plus Japan, we intend to develop the reuse of plastic resources through recycling.
About the recycling technology of used plastic
With the exception of PET bottles, many plastic packaging materials are thrown away after single-use and incinerated1. Unlike the existing multi-step processes which first liquefies plastic waste back into low value “synthetic oil” intermediate products, Anellotech’s Plas-TCat chemical recycling2 technology uses a one-step thermal-catalytic process. This process converts single-use plastics directly into basic chemicals such as benzene, toluene, xylenes (BTX), ethylene, and propylene, which can then be used to make new plastics. The technology’s process efficiency has the potential to significantly reduce CO2 emissions and energy consumption. Once utilized across the industry, this technology will be able to more efficiently recycle single-use plastic, one of the world’s most urgent challenges.
- Including thermal energy recovery
- Chemical recycling is a process by which a polymer is chemically reduced to basic chemicals so that it can eventually be processed and remade into new plastic materials that go on to become new plastic products.
The newly-established R Plus Japan, together with Anellotech, will promote the development of environmentally-friendly, efficient recycling technology for used plastics. Through cross-industry collaboration, including separation and treatment of collected plastics, monomer manufacturing, polymer manufacturing, packaging container manufacturing, trading, and beverage manufacturing, they will contribute to solving the worldwide plastic waste issue, and are aiming to achieve commercialization of the technology by 2027.
R Plus Japan, Ltd
Date of commencement of business June 5, 2020 Headquarters 2-3-3, Daiba, Minato-ku, Tokyo, Japan Representative Tsunehiko Yokoi (President & CEO) Business Promoting development and application of recycling technology for used plastics
Founded in 2008, Anellotech is a biochemical venture company with research and development facilities and its headquarters in Pearl River, New York State in the United States. It promotes development of technology for creating benzene, toluene, and xylene with the same performance as oil refinery products, from non-food plant-derived materials.