Announced details
Waste recycling, upgrading of ferrous scrap, feedstock supply for green methanol, plastic-to-oil conversion and chemical recycling, recycling of incineration ash and sludge, lithium-ion battery recycling, glass recycling, and battery energy storage
The company leases the business-use land from Industrial & Infrastructure Fund Investment Corporation and has entered into a sublease agreement with Mitsui E&S covering the period from 9 April 2026 to 31 March 2029. The company collaborates with Mitsubishi Gas Chemical Company, Inc. on feedstock supply and other matters. River Inc.'s Ichihara Plant and Ichihara Green Power Co., Ltd. are core plants of the company's group.
Industrial & Infrastructure Fund Investment Corporation is based in Chiyoda-ku, Tokyo, and its asset manager is KJR Management Co., Ltd. Sumitomo Mitsui Trust Bank, Limited is the lessor. Mitsui E&S is based in Chuo-ku, Tokyo. Mitsubishi Gas Chemical Company, Inc. is based in Chiyoda-ku, Tokyo. Other details are Not disclosed.
Yahata-Kaigandori, Ichihara, Chiba Prefecture (within Mitsui E&S's Chiba Works)
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | High-grade ferrous scrap production business, Feedstock supply business for green methanol production, Plastic-to-oil conversion and chemical recycling business, Incineration ash and sludge recycling business, Lithium-ion battery (Lib) recycling business, Glass recycling business, Storage Battery Business, TRE integrated environmental services business |
| Counterparty | Industrial & Infrastructure Fund Investment Corporation, Sumitomo Mitsui Trust Bank, Limited, Mitsui E&S Co., Ltd., Mitsubishi Gas Chemical Company, Inc., River Inc., Ichihara Plant, Ichihara Green Power Co., Ltd. |
| Counterparty overview | Industrial & Infrastructure Fund Investment Corporation is based in Chiyoda-ku, Tokyo, and its asset manager is KJR Management Co., Ltd. Sumitomo Mitsui Trust Bank, Limited is the lessor. Mitsui E&S is based in Chuo-ku, Tokyo. Mitsubishi Gas Chemical Company, Inc. is based in Chiyoda-ku, Tokyo. Other details are Not disclosed. |
| Relationship with the Company | The company leases the business-use land from Industrial & Infrastructure Fund Investment Corporation and has entered into a sublease agreement with Mitsui E&S covering the period from 9 April 2026 to 31 March 2029. The company collaborates with Mitsubishi Gas Chemical Company, Inc. on feedstock supply and other matters. River Inc.'s Ichihara Plant and Ichihara Green Power Co., Ltd. are core plants of the company's group. |
| Contract Date | 9 April 2026 (lease agreement for the business-use land and sublease agreement with Mitsui E&S) |
| Launch date | 1 April 2029 (scheduled commencement date of the fixed-term business land lease agreement, subject to a condition precedent) |
| Applicable area | Waste recycling, upgrading of ferrous scrap, feedstock supply for green methanol, plastic-to-oil conversion and chemical recycling, recycling of incineration ash and sludge, lithium-ion battery recycling, glass recycling, and battery energy storage |
| Location | Yahata-Kaigandori, Ichihara, Chiba Prefecture (within Mitsui E&S's Chiba Works) |
| Location scale | Site area: 333,477 m² (100,877 tsubo) |
Items this document does not state (9)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To utilize land with port access adjacent to the company's existing facilities in Ichihara, thereby promoting waste recycling, improving the efficiency of raw-material collection and product transportation, and strengthening regional support and public-private collaboration.