Circular Economy Sumitomo Chemical, Rever May Team Up for Material Recycling

Editor: Ahlam Rais

Sumitomo Chemical has begun studying a potential alliance with Rever Holdings Corporation, a Japanese integrated recycling company, in order to accelerate material recycling and thus, establish a sustainable circular economy.

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Sumitomo Chemical and Rever plan to conclude the study within one year.
Sumitomo Chemical and Rever plan to conclude the study within one year.
(Source: Deposit Photos)

Tokyo/Japan – Sumitomo Chemical Company has agreed to start studying a possible business alliance with Rever Holdings Corporation, a major Japanese integrated recycling company engaged in the management of scrap metal and other recyclable waste from used cars and home appliances. The collaboration aims to accelerate material recycling efforts towards achieving a sustainable circular economy. The companies plan to conclude the study within one year.

Sumitomo Chemical identifies contribution to reducing environmental impact as one of its material issues. To meet this challenge, the Company is stepping up efforts to advance material recycling and develop materials for ‘mono-material’ films, while also working on the development of chemical recycling technology in collaboration with other companies and academic institutions. In order to deploy these new technologies and products widely in society, however, effort needs to be directed not only to accelerating technological development but to building a circular economy.

The major objectives of the alliance include development of advanced sorting technology applicable to plastic parts collected mainly from used automobiles, production of recycled plastics having wide-ranging applications, and environmental impact assessment for these activities.

In this joint study, Sumitomo Chemical and Rever will consider entering into a possible business alliance in material recycling that turns collected plastic waste into products by combining Sumitomo Chemical’s plastic manufacturing technology accumulated for many years and Rever’s waste processing and recycling expertise.

Concept diagram of a circular economy
Concept diagram of a circular economy
(Source: Sumitomo Chemical)

The major objectives of the alliance include development of advanced sorting technology applicable to plastic parts collected mainly from used automobiles, production of recycled plastics having wide-ranging applications, and environmental impact assessment for these activities. In addition, Sumitomo Chemical will consider applying the sorting technology to one of the chemical recycling technologies Sumitomo Chemical is seeking to commercialize and that uses plastic waste as raw material.

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