LNJ GreenPET partners with Sumitomo Corporation to enhance the r-PET sector in India. The MoU includes commercial development, market strategies, and investment opportunities. A joint market study will provide insights for LNJ GreenPET’s 2026 production launch. Sumitomo will assist in sourcing r-PET flakes globally for the project.

The collaboration aims to strengthen India’s circular economy by reducing plastic waste. Sumitomo Green Chemical SBU manager expressed excitement to combine global experience with local expertise. The partnership seeks to create sustainable solutions for domestic and global demand, aligning with India’s sustainability goals.

Read more at Yahoo Finance: LNJ GreenPET partners Sumitomo on r-PET project in India