Mitsui : Circular Pet, a joint venture of Mitsui, Veolia and Seven & i, To Build Its Plant in Tsuyama City, Okayama Prefecture

Circular Pet, Co.Ltd, established by Mitsui & Co., Ltd. (Head Office: Tokyo, President and Chief Executive Officer: Kenichi Hori) together with Veolia Japan K.K. (Head Office: Minato-ku, Tokyo, President: Guillaume Dourdin) and Seven & i Holdings Co.,Ltd. (Head Office: Chiyoda-ku, Tokyo, President: Ryuichi Isaka) will build its plant in Tsuyama City, Okayama Prefecture. Its recycled PET resin production capacity is approx. 25,000 tons per year.

Circular Pet was established with an aim to develop a circular business model whereby used PET bottles are collected and recycled as raw materials for producing PET bottles.

Through the initiatives, the three companies will further reduce their environmental impact and aim to create a circular economy society to ensure a richer global environment for future generations.