Plastic recycling company ESA announces funding totaling 450 million yen and a capital and business alliance. Aiming to realize a true circular economy through environmental energy investment and collaboration with CBC
*esa*
Press release: August 22, 2024
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Plastic recycling company ESA announces funding totaling 450 million yen and a capital and business alliance. Aiming to realize a true circular economy through environmental energy investment and collaboration with CBC
*Cumulative procurement amount reached 810 million yen. Instead of “going away from plastic”, move towards “with plastic”*
ESA Co., Ltd. (pronunciation: ether, meaning: Environmental Solutions) develops environmental businesses centered on plastic recycling. Architect)” (Head office: Minato-ku, Tokyo, CEO: Kurokawa)
Shuko (hereinafter referred to as the “Company”) has announced that it has raised a total of 450 million yen in a Series B round through a third-party allotment of capital with Environment Energy Investment Co., Ltd. and CBC Co., Ltd. as underwriters. Masu. With this latest funding, our total amount raised has reached 810 million yen. *Funding background*
* Obligation to report the use of recycled plastics in the
manufacturing industry, establishment of the government’s circular economy related ministerial council, etc.
Responding to “plastic recycling” will be the key to companies’ survival strategies until 2030. *
As social demands for corporate decarbonization and ESG initiatives are increasing at an accelerating pace, “plastic recycling” has become an important key to ESG management in order to counter global warming and realize a decarbonized society. . Furthermore, the government is considering setting targets for the amount of recycled plastic used in the manufacturing industry, as well as requiring reporting of usage results and imposing penalties. In addition, in order to promote a circular economy such as recycling waste and reusing it as a resource, the government as a whole will strategically and integrally implement related initiatives such as those under the “Basic Plan for
Establishing a Recycling-Oriented Society.” In order to achieve this goal, the entire country has announced that it will hold a related ministerial meeting on circular economy.*
The “Circular Economy First” movement is gaining momentum*.
The European Union (EU) is tightening regulations, such as requiring that at least 25% of the plastic used in new car production be made from recycled materials by around 2030. If countermeasures are delayed, there are concerns that Japanese products will be excluded from overseas markets, which will have a major impact on Japan’s regrowth.
However, in the current state of plastic recycling in Japan, only 25% of all plastics can be recycled and reborn from a quality and technical standpoint, and approximately 60% is incinerated. The 15% of waste that cannot even be recovered was sent to landfill or disposed of in other countries. Unless these issues are resolved, progress will not be made in realizing a decarbonized society and ESG management throughout corporate supply chains.
* Our business description and purpose of financing *
* Instead of “going away from plastic”, move towards “with plastic”. Through technological innovation, we are turning all plastics into environmentally friendly resources. *
Since its establishment in March 2022, esa Co., Ltd. has developed its own technology “esa
We have actively contributed to environmental protection by converting complex plastic materials, which were difficult to recycle, into reusable pellets using our “method”. Through research, product development, and business related to plastic recycling, we aim to realize green sustainable chemistry and a circular economy.
In 2023, we will begin purchasing waste plastics at value in order to build a recycling scheme for plastics by effectively reusing plastics produced as industrial waste. It is now possible to collect and pelletize not only single materials but also composite plastics. The collected plastic is
reused as raw material for recycled plastic pellets “Repla(R)”. We are promoting a plastic recycling scheme through the collection of waste plastic, turning it into raw material as recycled plastic pellets, and selling and providing Repla products, including opening the e-commerce site “Repla Pellet Shop” that sells recycled plastic pellets “Repla(R).” construction, contributing to the realization of a circular economy.
This funding is an important step towards realizing the true circular economy that we aim to achieve. Through this funding, *
Promote research and development for plastic recycling using the “method”, and realize greater efficiency and quality improvements in the recycling process *
I will continue to do so. In addition, by collaborating with various companies, we will* build new business models and develop markets, contributing* to the realization of a sustainable society.
*Financing/capital business partner companies*
Environmental Energy Investment Co., Ltd.
Representative: Shuichiro Kawamura, President and Representative Director Established: March 2006
Location: Shinjuku-ku, Tokyo
Business: An independent venture capital firm that invests in and supports business growth in venture companies active in the
environment and energy-related services and technology fields. Website: https://ee-investment.jp/
Partnership details:
・*Sharing knowledge and resources*:
As the only venture capital firm in Japan specializing in the environment and energy fields, we leverage our specialized knowledge in the environment and energy fields to strongly support our technology development and business expansion.
・*Networking and market access*:
Leverage our extensive industry network to help us expand our market and acquire new customers.
CBC Co., Ltd.
Representative: Shotaro Sanai, Representative Director and President Established: January 1925
Location: Chuo-ku, Tokyo
business
: Import/export business of synthetic resins, chemical products, pharmaceuticals, agricultural chemicals, foods, electronic
equipment/optical equipment, industrial machinery, medical
equipment/dental materials, nursing care-related products,
clothing/life-related products, etc., domestic sales business, and pharmaceutical ingredients. Manufacturing industry centered on medicines/intermediates, optical lenses, IT/auto parts, vapor deposition processing, etc.
Website: https://www.cbc.co.jp/
Partnership details:
・*Market development*:
Utilizing the ESA method to develop a new market for recyclable composite materials.
・*Technical cooperation*:
By combining CBC’s extensive knowledge of plastic materials with our technology, we are able to develop higher quality recycled products. *Comments from each company*
*Comment from Shuichiro Kawamura, President and CEO of Environmental Energy Investment Co., Ltd.*
“In response to global trends such as decarbonization and circular economy, movements to promote plastic recycling are progressing both domestically and internationally, but regarding composite plastics, which are made by combining plastics of different materials to give them functionality, Despite being a familiar material in our lives and used on a daily basis for a wide variety of purposes, material recycling has until now been considered difficult, and most of it has been disposed of by incineration, landfill, etc. has become a social issue. ESA’s innovative technology that solves this issue and enables the material recycling of composite plastics is being used around the world, contributing to a decarbonized society and circular economy. We hope that this will make a significant contribution.”
*Comment from Shotaro Sanai, President and Representative Director of CBC Co., Ltd.*
“We are very happy to be able to participate in this investment. esa The method precisely captures the issues facing the current plastic recycling business as a whole, and we believe that composite plastic recycling technology will become essential from the perspective of improving Japan’s recycling rate and solving environmental problems. CBC
While leveraging the plastic technology and global business knowledge that GROUP has cultivated over the years, we will work together with Japan’s leading investment partners to ensure the company’s success and the realization of a sustainable society. . ”
*Comment from Shuko Kurokawa, Representative Director of ESA Co., Ltd.* “We are very honored to have been able to raise a total of 450 million yen in funding and form a capital and business alliance with Environmental Energy Investment Co., Ltd. and CBC Co., Ltd..With the support and cooperation from each company, we will continue to improve our revitalization. Plastic recycling technology “esa”
We are confident that we will be able to further mass produce and expand the market.
Our mission is “Aiming for zero plastic waste through technology and creativity.” With this funding, we will strive to improve the efficiency and quality of the recycling process and do our best to realize a sustainable society. Additionally, through cooperation with each partner, we hope to build new business models and contribute to the realization of a circular economy.
We look forward to your continued support and guidance. ”
* ESA Co., Ltd. Company Profile *
Company name: esa Co., Ltd.
Establishment date: March 1, 2022
Address: 8F, SOC Takanawa Building, 3-19-26 Takanawa, Minato-ku, Tokyo Capital: 81,000,000 yen
Representative Director: Shuko Kurokawa
Business details: Consulting for recycling general and industrial waste, recycling of plastic waste, processing and sales of plastic pellets Development and sales of plastic products
URL: https://esa-gl.com/