Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 82

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 82
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 collaboration. As the Japanese government progresses in enhancing its policies and boosting its investment in resources, local environmental industry participants will further solidify the principle of sustainable management, leading to an ongoing expansion of the sustainable sector. 55 According to Japan’s Ministry of the Environment, Japan’s circular economy market size is targeted to expand to 80 trillion yen by 2030, compared to approximately 50 trillion yen in 2022, reflecting a CAGR of approximately 6%. In the waste production sector, Japan’s annual waste generation has decreased from 41.7 million metric tonnes to 39 million metric tonnes in 2023, indicating progress towards the desired goal. In the recycling and recovery sector, Japan has showcased its global leadership in the fields of steel and paper. Nonetheless, considerable opportunities for growth remain in other essential sectors, and the government is actively promoting the development of high -potentialrecycling regions. For instance, in the realm of electronic waste recycling, the Japanese government has established a goal of recycling 500,000 tonnes of electrical products containing rare metals by 2030, representing a 50% increase over the 2020 level. Furthermore, concerning the waste and inferior products produced during the manufacturing of batteries and components, which has already reached 3,000 tonnes in 2023, the government intends to revise the Law for Promotion of Effective Utilization of Resources in 2025. This amendment will require producers to transform these wastes into usable resources, aiming to decrease exports and safeguard valuable metals like lithium, nickel, and cobalt from being lost to foreign markets. Besides, regarding the recycling of plastics, the European Commission has updated the End -of -LifeVehicle Regulations to mandate the incorporation of a specific percentage of recycled plastics in automobile manufacturing. Vehicles that fail to meet these regulations will not be permitted for sale within the European Union. In response, the Japanese government is accelerating the creation of a supply chain for recycled plastics that includes automakers, dismantlers, and recycling organizations to gradually increase the proportion of recycled plastics used in new car models in Japan while aligning with legislative requirements to strengthen its competitive position in the global automotive market. Overall, in pursuit of its sustainable development objectives, Japan is steadily improving the recycling and resource recovery rates across multiple sectors while also broadening application scenarios to consistently strengthen the resource recycling chain from production through to reuse. Japan was among the pioneers in Asia to establish a comprehensive and effective system for waste management with relatively advanced technologies and solutions, including precise material separation and robust recycling initiatives. Concurrently, Japan is