# Green Energy Technology Group to provide up to $1.5M loan for plastic waste recycling JV in Japan

Green Energy Technology Group's subsidiary Casson China Limited entered into a joint venture agreement with Blue Sky Global Holdings and Sino-French Bank (Hong Kong) to form a joint venture for plastic waste recycling and processing in Japan. Casson will provide a shareholder loan of up to $1.5 million.

- Type: Investment
- Announced: 2019-08-22
- Where: Japan, Japan
- Value: $1.50M
- Status: announced
- Products: recycled plastic pellets
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Green Energy Technology Group](https://endata.com/companies/41512.md)
- [Casson China Limited](https://endata.com/companies/41513.md) (partner)
- [Blue Sky Global Holdings](https://endata.com/companies/41514.md) (partner)
- [Sino-French Bank (Hong Kong)](https://endata.com/companies/41515.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/230298.html), 2019-08-22: "Casson has agreed to lend and the joint venture has agreed to borrow a shareholder loan of up to US$1.5 million at an annual interest rate of 0.3%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.