Announced details
Recycling of rigid plastics, including bumpers and interior materials, derived from end-of-life vehicles (ELVs); automotive recycling; and research and development involving waste plastics
Approximately 70% of the materials handled is scheduled to be supplied consistently as recycled materials
In April 2023, the consolidated subsidiary リバー株式会社 entered into a business alliance agreement with SUMITOMO CHEMICAL COMPANY,LIMITED for the material recycling of waste plastics derived from end-of-life vehicles. The center will lease land within SUMITOMO CHEMICAL COMPANY,LIMITED's Chiba Plant.
The source does not state that its head office is in Sumida-ku, Tokyo. It states that SUMITOMO CHEMICAL COMPANY,LIMITED has a Chiba Plant (Sodegaura No. II District). Other company information: Not disclosed.
9-1 Kitasode, Sodegaura, Chiba Prefecture (within the Sodegaura No. II District of the Chiba Plant of SUMITOMO CHEMICAL COMPANY,LIMITED)
The impact on results for the current fiscal year will be minor.
The company does not address Contract Value / Offering price.
The source states that the project was selected under the Ministry of the Environment's FY2025 Advanced Resource Circulation Investment Promotion Project (second call for applications).
| Item | Details |
|---|---|
| Names of Products / Services Covered | Ichihara Plant Sodegaura Plastic Sorting Center (provisional name) / Recycled plastic feedstock derived from ELVs |
| Counterparty | SUMITOMO CHEMICAL COMPANY,LIMITED |
| Counterparty overview | The source does not state that its head office is in Sumida-ku, Tokyo. It states that SUMITOMO CHEMICAL COMPANY,LIMITED has a Chiba Plant (Sodegaura No. II District). Other company information: Not disclosed. |
| Relationship with the Company | In April 2023, the consolidated subsidiary リバー株式会社 entered into a business alliance agreement with SUMITOMO CHEMICAL COMPANY,LIMITED for the material recycling of waste plastics derived from end-of-life vehicles. The center will lease land within SUMITOMO CHEMICAL COMPANY,LIMITED's Chiba Plant. |
| Contract Date | April 2023 (business alliance agreement; the date is stated as April 2023) |
| Launch date | During fiscal 2026 (scheduled start of operations) |
| Applicable area | Recycling of rigid plastics, including bumpers and interior materials, derived from end-of-life vehicles (ELVs); automotive recycling; and research and development involving waste plastics |
| Location | 9-1 Kitasode, Sodegaura, Chiba Prefecture (within the Sodegaura No. II District of the Chiba Plant of SUMITOMO CHEMICAL COMPANY,LIMITED) |
| Location scale | Approximately 3,010 m² of site area (factory building: 2,900 m²; office building: 110 m²) |
| Quantitative Effects | Approximately 70% of the materials handled is scheduled to be supplied consistently as recycled materials |
| Impact on Business Performance | The impact on results for the current fiscal year will be minor. |
| Source | The source states that the project was selected under the Ministry of the Environment's FY2025 Advanced Resource Circulation Investment Promotion Project (second call for applications). |
Items this document does not state (6)
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.In response to the rapid expansion of demand for recycled plastics, the company aims to ensure a stable supply of high-quality recycled plastics and promote research and development geared toward market expansion.