As part of a supply chain collaboration with Suntory, ENEOS Corporation, Mitsubishi Corporation, Iwatani, and Neste, the world's first bio-PET bottle for commercial scale will be launched, made from ISCC+ certified bio-paraxylene. This collaboration marks a significant milestone in the journey toward sustainable packaging, introducing PET bottles derived from used cooking oil. PET bottles made with this technology can significantly reduce the CO2 emissions of products.
The collaboration will launch approximately 45 million PET bottles for Suntory's selected beverages in Japan made with this innovative material, with further introduction of other products to be considered in the future. With this number of PET bottles on the markets, we could divert 0.5 million tons of PET waste from landfills, reduce 0.4 million tons of carbon footprint, and make around 600 million USD of sales revenue. By combining the expertise and resources of industry leaders across the value chain, this initiative underscores the power of collaboration in addressing global sustainability challenges.
Notes: As of October 28, 2024, based on research by ENEOS Corporation and Mitsubishi Corporation. The mass balance approach is applied — under this approach, for a product manufactured by mixing a material with a specific characteristic with materials lacking that characteristic, the characteristic can be allocated to a portion of the product's output in proportion to the amount of the material with the characteristic used in the production process; the mass balance approach has been ISCC+ certified. 280 ml and 285 ml PET bottles. Estimated based on the average selling price of rPET resin in the Singapore market in 2024.