Loan for Recycling Polyester Products and Manufacturing and Sales of Recycled Polyester Fiber
Supporting the overseas business deployment of the Japanese chemical fiber industry by providing the first local currency loan

  • Area: Asia
  • Manufacturing and Services

JBIC signed a loan agreement with ZHEJIANG JIAREN NEW MATERIALS CO., LTD (ZHEJIANG), a local joint venture of TEIJIN LIMITED (Teijin). This is the first loan in Chinese yuan provided by JBIC, and will provide funds for ZHEJIANG to recycle polyester products and build a new plant to manufacture recycled polyester fiber. Teijin intends to manufacture and sell high added-value polyester fiber in China using its proprietary chemical recycling technology. This loan will lead to recycling practice in China, and in this respect, it also has wide-ranging environmental significance.

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