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Mitsui Chemicals and Teijin agreed to form a joint venture company integrating their domestic PET resin for bottles operations in Japan, covering R&D, production, and sales.
“Mitsui Chemicals, Inc. and Teijin Limited announced today a basic agreement to form a joint-venture company that will integrate their domestic PET (polyethylene-terephthalate) resin for bottles operations.”renewable-carbon.eu
Summarized from public sources; check the original articles before acting on it.