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Teijin to Establish Polyester Chemical Recycling JV in China, Build DMT Capacity

8:48 AM MDT | August 9, 2012 | Deepti Ramesh

Teijin says it will establish a joint venture called Zhejiang Jiaren New Materials (Shaoxing, Zhejiang, China), with Jinggong Holding Group (Shaoxing), a multinational company involved in environmental management. Through the jv, which will be established next month, Teijin will chemically recycle polyester, then manufacture and sell the resulting fibers—aiming to establish a closed-loop recycling system in China, leveraging its proprietary chemical recycling technology and the business expertise developed through its existing closed-loop recycling...

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