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Far Eastern Magazine

09.2020 Group Briefing

Far Eastern New Century (FENC) announced a breakthrough PET recycling technology chemical recycling to produce PET raw materials (rPTA) and launched of joint project between FENC and Coca-Cola Bottlers Japan Inc.

Far Eastern New Century / Sha Yimin

  Far Eastern New Century Corporation (hereafter “FENC”) has developed a new PET chemical recycling process named TopGreen® ChemCycle, and the product made by this new technology will be adopted by the largest beverage maker in Japan, Coca-Cola Bottlers Japan Inc.(hereafter “CCBJI”). The two companies have agreed to explore and expand opportunities to leverage this new PET recycling process on a commercial scale.

  CCBJI has decided to use FENC’s TopGreen® ChemCycle PET resins for a commercial scale production of its products after autumn this year.

  FENC’s TopGreen® ChemCycle process can chemically converts used PET bottles and other polyester wastes (regardless of colors and printing inks) into rPTA (recycled purified terephthalic acid); rPTA can be used as one of the main raw materials of PET. FENC uses these raw materials to manufacture “ChemCycle Resins,” which are chemically recycled PET resins whose quality equal that of virgin PET resin. FENC has invested in PET recycling for more than 30 years and is fully committed to recycle PET both mechanically and chemically as one of the company’s sustainability efforts to create a better Earth.

  CCBJI has formulated a set of goals to create shared value for stakeholders through important ESG initiatives that are an integral part of its mid-term strategic business plan announced in August 2019. This new project with FENC is part of CCBJI’s 2030 Packaging Vision for a World Without Waste that the Coca-Cola system aspires to by 2030.

■      About Far Eastern New Century Corporation

  Founded in 1949 with headquarters in Taipei, Taiwan, Far Eastern New Century Corporation is one of the world’s leading chemical manufacturers. The company has 247 affiliates, nine of which are listed on the Taiwan and Hong Kong Stock Exchange, with more than 65,500 employees and 24.3 billion U.S. Dollars in 2019 sales. With recycled PET manufacturing sites in Taiwan, Japan, and the United States, FENC is ranked number 2 in the food-grade recycled PET resin business worldwide. In Japan, in May 2012, the company founded Far Eastern Ishizuka Green PET Corporation (“FIGP”) jointly with Ishizuka Glass Co., Ltd., a total packaging solution manufacturer in Japan. FIGP’s headquarters and Tokyo Plant are located in Sakai-cho, Sarushima-gun, Ibaraki Prefecture. FIGP runs a “bottle-to-bottle” mechanical recycling business and produces/sells food-grade recycled PET (R-PET) resins for beverage and non-beverage manufacturers. FIGP Tokyo Plant started commercial production in 2014 and is now the largest R-PET plant in Japan.

■      About Coca-Cola Bottlers Japan Inc.

  Coca-Cola Bottlers Japan Inc. (CCBJI) was established in April 2017 through the integration over time of 12 bottling companies or “bottlers” across Japan. Among the 250 or more bottlers currently manufacturing and selling Coca-Cola brand products around the world, CCBJI is the largest Coca-Cola bottler in Asia, and one of the largest in the world in terms of revenue— now with a business territory spread widely across Tokyo, Osaka, Kyoto, and 35 prefectures in Japan.  CCBJI continues to supply safe and secure products for the purpose of delivering happy, refreshing moments every day, and in every occasion to enrich the lives of everyone in the communities it proudly serves as a “total beverage company”. (※ As of December 2019)

  In August 2019, CCBJI announced a new strategic business plan with ambitious mid-term targets through 2024. Under its new corporate philosophy, “Paint it RED! Mirai o nurikaero (Let’s repaint our future)”formulated together with this business plan, the company intends to continue serving as a preferred partner for all its customers, consumers, shareholders and employees, while creating value. In addition, CCBJI has set certain non-financial targets as “CSV Goals” that align with the UN Sustainable Development Goals (SDGs), and can be tracked in our latest Creating Shared Value (CSV) report issued in June 2020. 

  For more details, please visit the official website of CCBJI at: https://www.ccbji.co.jp.

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