JGC, Teijin and ITOCHU to Establish RePEaT Co., Ltd.
to License Polyester Chemical Recycling Technology

JGC Holdings CorporationTeijin Limited
ITOCHU CorporationTokyo, Japan, December 1, 2022 --- JGC Holdings Corporation, Teijin Limited andITOCHU Corporation announced that they formally agreed today to establish a jointventure company, RePEaT Co., Ltd., to license technology for the chemical recycling ofpolyester products.
The new joint venture will use a chemical-recycling technology called dimethyl
terephthalate (DMT), which decomposes and converts polyester (PET) and thenrepolymerizes it. Notably, the DMT method removes dyes and impurities, making it
possible to manufacture recycled PET with the same quality as petroleum-derived PET.
Teijin has extensive experience in using DMT technology for the commercial productionof polyester products including colored textile waste and colored PET waste.
In response to urgent needs to counter global warming, the fiber and textile industry isworking on measures, including the establishment of ecosystems for resource recycling,
to address issues such as CO2 emissions from manufacturing processes and the massdisposal of used clothing. Currently, disposed textile products are used as a heat source(thermal recovery) or as raw materials for the production of other products (materialrecycling). Chemical recycling, however, is a revolutionary method that uses chemical
decomposition for textile to textile recycling that turns used textile products into new
textile raw materials.
After concluding a preliminary agreement in April 2021, the three companies exploredcommercial opportunities to globally license the technology, utilizing Teijin’s DMT
expertise and know-how, JGC’s general engineering experience and know-how in plant
construction, and ITOCHU’s global network in the textile industry. In view of the strong
global demand envisioned for their licensed technology, the partners have now decided
to proceed with establishing a commercial joint venture.
RePEaT will license recycling technology that was first developed by Teijin and thenjointly streamlined and packaged by JGC and Teijin. Customers in Japan and othercountries are expected to use the technology to launch chemical-recycling businesses
for the production of polyester products.

In addition to technology licensing, RePEaT will provide consulting services to help
customers establish ecosystems that collect used polyester fiber products for reuse as
raw materials, thereby contributing to a more sustainable world through recycling.
Overview of New Joint Venture Company
RePEaT Co., Ltd.
Name- Global licensing of chemical-recycling technology for reuse ofpolyester products as raw materials
Business- Technology, research, design, technical guidance andconsulting related to the above
Kasumigaseki Common Gate West Tower,
Location
2-1, Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, Japan
December 2022 (estimated)
Establishment
JPY 100 million (plus capital reserve of JPY 100 million)
CapitalJGC Holdings: 45%, Teijin: 45% & Itochu Corporation: 10%
Ownership
Press Contact
JGC HOLDINGS CORPORATION
Corporate Communication GroupAkihiro Yamagami / Masayuki Date / Masayuki Okii
Tel.: +81-45-682-8026
Teijin Limited
Investor and Public Relations Department
pr@teijin.co.jp
Tel.: +81 3 3506 4055
ITOCHU Corporation
Corporate Communication Division
Anna Furuya
furuya-a@itochu.co.jp
Tel.: +81 3 3497 7292