LNJ GreenPET and Sumitomo Corporation sign MoU for strategic collaboration in rPET sector
LNJ GreenPET, a part of the LNJ Bhilwara Group, announced the signing of a Memorandum of Understanding (MoU) with Japan-based Sumitomo Corporation to establish a strategic collaboration in the rapidly growing rPET sector in India. The agreement outlines a multi-pronged framework for cooperation, encompassing commercial development, raw material procurement, marketing, and potential investment opportunities for the company’s upcoming rPET project in India.
As part of the partnership, both companies intend to jointly conduct a comprehensive market study on the rPET landscape in India. The study will include market sizing, customer segmentation, technical assessments, supply chain benchmarking, and regulatory feasibility. These insights will serve as the foundation until LNJ GreenPET begins commercial production in 2026.
To support the project during its pre-production phase, Sumitomo Corporation will facilitate interim sourcing of rPET flakes from Southeast Asia and other global regions. Additionally, the two companies will collaborate on pre-marketing activities, customer engagement, and the development of sales channels in both domestic and international markets.
LNJ GreenPET, part of the LNJ Bhilwara Group, works in the plastics recycling sector with a focus on producing food-grade r-PET. The company applies recycling technologies to support efforts in reducing plastic pollution and advancing circular economy practices in India.