Collection of Discarded Fishing Nets and Nylon-to-Nylon Recycling

「In the resource-circulation business using the NetPlus® brand of nylon made from 100% recycled discarded fishing nets, the Company has worked with Bureo Inc. of the United States and Ellange Co., Ltd. of Chiba Prefecture to promote a discarded-fishing-net recycling scheme in Japan, leading to recognition under this award program.」

「To enter the recycling business for discarded fishing nets, a major source of marine plastic pollution, we began test collection of discarded fishing nets in July 2023 in the Sotobo area of Chiba Prefecture in collaboration with fishing industry participants and others. Fishing nets in Japan are generally treated as industrial waste, but drawing on the expertise of U.S.-based Bureo Inc., in which we hold an investment, we aim to expand the discarded fishing net collection scheme, achieve nylon-to-nylon textile recycling, and establish a procurement system capable of stably supplying 100% recycled nylon materials made from discarded fishing nets.」