As part of the partnership, both companies will jointly conduct a comprehensive market study on the r-PET landscape in India. The study will include market sizing, customer segmentation, technical assessments, supply chain benchmarking, and regulatory feasibility. These insights will serve as the foundation until LNJ GreenPET begins commercial production in 2026.
To support the project during its pre-production phase, Sumitomo Corporation will facilitate interim sourcing of r-PET flakes from Southeast Asia and other global regions. Additionally, the two companies will collaborate on pre-marketing activities, customer engagement, and the development of sales channels in both domestic and international markets.
Commenting on the collaboration, Mr. Riju Jhunjhunwala, Chairman at LNJ Bhilwara Group, said, "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."
