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REFINVERSE Group surges on launch of feasibility study for recycled plastic aggregation hub in Kanto region
REFINVERSE Group, Inc. <7375> surged. On May 22, the company announced a joint feasibility study with Mitsubishi Chemical?a subsidiary of Mitsubishi Chemical Group Corp <4188>?and other partners to comprehensively verify the collection, sorting, recycling, material design, and traceability of used plastics, drawing buy orders.
The study aims to establish a stable supply system for high-quality recycled plastics in automotive and other applications. Nine companies will participate, including Mitsubishi Electric Corp <6503>, Takashun Kogyo, Toko Kinzoku, digglue, Japan Polypropylene Corp, Rhombic Corp, and Toyota Motor Corp <7203> as a cooperating partner. The participants aim to deploy digital technology and AI to build a "recycled plastic aggregation hub" for advanced sorting and traceability, ensuring all sorted materials are recycled without waste. The project has been selected for a Ministry of the Environment initiative funded by the fiscal 2025 supplementary budget.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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