# JEPLAN to go public via SPAC merger to fund r-PET capacity expansion

JEPLAN, a Japanese PET chemical recycling technology company, entered a definitive business combination agreement with AP Acquisition Corp, valuing JEPLAN at $300 million. Expected proceeds of up to $180 million will be used to increase production capacity of chemically recycled PET resin.

- Type: Investment
- Announced: 2023-06-16
- Where: Japan
- Value: $300.0M
- Status: announced
- Products: chemically recycled PET resin, r-BHET resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [JEPLAN](https://endata.com/companies/70873.md)
- [AP Acquisition Corp](https://endata.com/companies/70874.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1862993/000110465923071892/tm2318719d1_ex99-1.htm), 2023-06-16: "Expected gross transaction proceeds of up to approximately $180 million, assuming no redemptions by AP Acquisition’s public shareholders, will be used to increase JEPLAN’s production capacity of chemically recycled polyethylene terephthalate (r-PET) resin."

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