September 8, 2025

Hold on tight, eco-warriors! LNJ GreenPET has just inked a juicy deal with Japan's Sumitomo Corporation to spice up the recycled polyethylene terephthalate (r-PET) sector in India. This thrilling partnership aims to turbocharge recycling business growth and sustainability! A fresh memorandum of understanding (MoU) maps out exciting plans: from buying raw materials to marketing and even future investments for LNJ GreenPET’s upcoming r-PET project! The commercial production is slated for 2026, but the groundwork starts now. The dynamic duo will dive deep into India’s r-PET market with a full study covering market size, customer segments, supply chains, tech checks, and regulations. This golden info pack will guide them till production kicks off. But wait, there's more! Sumitomo will help source r-PET flakes from Southeast Asia and beyond for the pre-production stage. Together, they'll also work on pre-marketing, yakking with customers, and setting up sales channels in India and abroad. Riju Jhunjhunwala, the big boss at LNJ Bhilwara Group, shared his excitement: "This MoU with Sumitomo Corporation is a significant step towards strengthening India's circular economy ecosystem. By combining Sumitomo Corporation's global expertise with our vision for sustainable plastic recycling, we aim to create a robust r-PET value chain that addresses both domestic and global demand for sustainable packaging solutions." Talk about a bold vision! Yutaka Takamura, Sumitomo's General Manager, added, "This collaboration allows us to combine our global experience with LNJ GreenPET's local expertise to support the development of a strong circular economy. Together, we aim to create innovative, sustainable solutions that address both domestic needs and global demand." That’s teamwork on a global scale! Sumitomo Corporation is no newbie either. It operates with a massive network of 127 offices in 64 countries and has about 500 companies and 80,000 employees worldwide. This powerhouse combo clearly means serious business for India’s recycling revolution. In short, this partnership is not just a handshake but a fabulous leap towards cutting plastic waste and building a greener future in India. With advanced tech and world-class collaborations, LNJ GreenPET and Sumitomo are all set to make the r-PET industry shine bright!

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Tags: Lnj greenpet, Sumitomo corporation, R-pet, Recycling, Circular economy, India,