Agency / Source: Yokogawa Electric Corporation

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Yokogawa Signs Investment and Partnership Agreement with JEPLAN, Developer of an Innovative Chemical Recycling Technology - Collaboration for a circular economy - JEPLAN.co.jp / PRT.jp / Yokogawa.com
Yokogawa Signs Investment and Partnership Agreement with JEPLAN, Developer of an Innovative Chemical Recycling Technology

 

PRZOOM - /newswire/ - Tokyo, Japan, 2020/06/04 - Collaboration for a circular economy - JEPLAN.co.jp / PRT.jp / Yokogawa.com. TOKYO: 6841

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Environment/Recycle Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Yokogawa Electric Corporation announces that it has signed an investment and partnership agreement with JEPLAN, INC. (jeplan.co.jp), a polyester material recycling company with a unique chemical recycling technology*1. The two companies will partner in a business that makes use of this leading-edge recycling process.

Driven by population growth and rising living standards in emerging countries, global demand for polyester resin, a material used in the production of bottles, packaging, clothing, and other products, is expected to grow. Recently, as the adoption of the Sustainable Development Goals (SDGs) suggests, there is a shared interest around the world in addressing environmental issues by means such as the recycling and reuse of resources. For that reason, companies that use polyester resins as materials are increasingly looking to increase the ratio of recycled material in their products.

Polyester resin produced using JEPLAN's BRING Technology™ is of equal quality to conventional petroleum-based polyester resin. In addition to enabling the repeated recycling and reuse of polyester resins, this technology is able to remove impurities, which is difficult in general recycling processes. JEPLAN has conducted tests at a pilot plant that successfully demonstrated the use of this recycling technology on a near commercial scale, and is now planning to launch large-scale production and supply of recycled plastic resins.

One of Yokogawa's three sustainability goals for the year 2050 is to make the transition to a circular economy. Through this capital and business partnership with JEPLAN, Yokogawa will make progress toward its goal of fostering the creation of a resource-circulating society. As part of its rollout of this new technology, JEPLAN is pursuing the introduction of information technology that will convert existing production facilities into smart plants, thereby enhancing productivity. Through this partnership, Yokogawa will provide its latest measurement, control, and information technologies and products for use at these plants, thus enabling state-of-the-art resource circulation operations.

On the subject of this partnership, Tetsuya Murai, a Yokogawa vice president who serves also as chief executive for Japan and Korea and president of Yokogawa Solution Service Corporation, commented that "Yokogawa is creating value together with customers under its corporate brand slogan of Co-innovating tomorrow™. This partnership will lead to significant co-innovation in the circular economy field. Yokogawa will be able to contribute in establishing a sustainable society by proposing a variety of solutions, creating new business opportunities and value for customers by driving forward digital transformation."

Masaki Takao, JEPLAN's CEO and co-founder, contributed the following thoughts on this partnership: "JEPLAN has a pilot plant for the recycling of polyester used in clothing, and our group company has a commercial plant that recycles plastic bottles. I'm convinced that this partnership will strengthen the production systems at both plants and expand our business opportunities, and I believe that it will ensure steps are taken toward the realization of our vision of "Circulate Everything." In addition, we will act to create a circular economy, a goal that both companies seek to achieve as swiftly as possible by making the best use of the knowledge that we have accumulated in our respective fields."

About JEPLAN, INC.

Founded: January 2007
CEO and co-founder: Masaki Takao
Business: Recycling of polyester products using chemical recycling technology; production and sale of recycled resin; planning, production, and sale of BRING brand products.

*1. Uses waste products as materials and changes their composition by means of a chemical reaction
*2. A subsidiary of JEPLAN, INC.

About Yokogawa

Founded in 1915, Yokogawa (yokogawa.com) engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains. The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability. Yokogawa co-innovates with its customers through a global network of 114 companies spanning 62 countries, generating US$3.7 billion in sales in FY2019.

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Environment/Recycle Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Yokogawa Electric Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Environment/Recycle articles,
CATCH Visitors via Your Competitors Announcements!


Yokogawa Signs Investment and Partnership Agreement with JEPLAN, Developer of an Innovative Chemical Recycling Technology

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Yokogawa | JEPLAN, Inc.
Contact: Press Office - Yokogawa.com 
+81 422-52-5535 press[.]yokogawa.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Yokogawa Electric Corporation securities in any jurisdiction including any other companies listed or named in this release.

Environment/Recycle via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Yokogawa Electric Corporation / Company Profile


Read Environment/Recycle Most Recent Related Press Releases:

NEC Platforms Provides Highly Functional Bioplastic, 'NeCycle,' Helping to Solve Environmental Issues such as Marine Plastic Waste
The European Project Life-PIAQUO, Led by Naval Group, is Finalist of the Blue Challenge Award Organized by The Pôle Mer Bretagne Atlantique
SGTech Commended for its Game-changing and Sustainable Livestock Waste Management Solution - The Integrated Ecosystem Solution
Mondi Positions itself to Become One of the Leading Suppliers of Premium Recycled Paper with its NAUTILUS® Brand
Global Electric Vehicle Sales Increase with Implementation of Stringent Emission Norms Says Frost & Sullivan
Combat Water Shortages with Membrane Elements from LANXESS
envelio Commended by Frost & Sullivan for Addressing a Range of Technical Processes in the Distribution Grid with its Intelligent Grid Platform
DSM Announces Partnership with SABIC and UPM Biofuels to Create Bio-based Dyneema®
BioLargo Water Applauded by Frost & Sullivan for Delivering an Outstanding Disinfection and Treatment Solution with its Advanced Oxidation System
Analytics-based Water Solutions that Aid in Smart Asset Management to Maximize Economic and Environmental Sustainability

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  Digital45 | Studio45 IT Services (P) Ltd

Visit  VR CORPORATENEXT

Visit  Limelon Advertising, Co.







 
  ©2020 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today