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Teijin, JGC Holdings and Itochu have agreed to establish a joint venture, RePEaT Co. Ltd., to license DMT-based chemical recycling technology for polyester products. Teijin and JGC each own 45%, Itochu 10%.
“Teijin Ltd., JGC Holdings Corp. and Itochu Corp., each based in Japan, have announced an agreement to establish a joint venture company, RePEaT Co. Ltd., to license technology to chemically recycle polyester products.”polyestertime.com
Summarized from public sources; check the original articles before acting on it.