PET Refine Technology, Co., Ltd.

Located in Kawasaki, Japan, PET Refine Technology develops high-quality recycled PET resin using advanced chemical recycling technology to support a circular economy and sustainability initiatives. Founded in 2008 in Kawasaki, Japan, PET Refine Technology focuses on producing recycled PET resin. The company has not undergone any notable pivots or mergers and does not have known subsidiaries. The founding team details are not publicly available.

In March 2021, the company raised an undisclosed amount in venture funding from Sojitz Corporation for a 25% stake, marking it as a target for investment. This funding helps strengthen their market position within the recycling sector. PET Refine Technology specializes in developing and producing HELIX™, a high-quality recycled PET resin derived from used PET bottles. This proprietary chemical recycling technology enables the company to convert waste into suitable materials for manufacturing new bottles and cosmetic containers, thereby addressing environmental challenges.

HELIX™ is recognized for its quality comparable to virgin PET and serves diverse applications in consumer goods and personal care markets, with a strong focus on sustainability and circular economy practices. PET Refine Technology operates primarily on a B2B model, partnering with manufacturers in the packaging and cosmetics industries. Revenue is generated through agreements for the supply of HELIX™ recycled resin, reflecting the increasing demand for eco-friendly materials. These partnerships typically involve contracts for bulk purchases or long-term supply arrangements, allowing clients to integrate sustainable materials into their production processes, thus reducing carbon emissions and supporting corporate sustainability goals.

Moving forward, PET Refine Technology aims to expand its product offerings and geographic reach. The company is exploring the development of new product lines incorporating advanced recycling technologies. Additionally, it targets expansion into new markets in Southeast Asia and Europe by 2023. The funding from Sojitz Corporation, raised in March 2021, will support these strategies, enhancing the company’s capacity to introduce innovative products and strengthen its position in the recycling industry.