7-Eleven and Mitsui join to recycle 'low-quality' plastic bottles

TOKYO -- The Japanese parent of 7-Eleven and trading company Mitsui & Co. are joining with France's Veolia on a joint venture intended to keep plastic bottles thrown away in Japan from polluting Southeast Asia.

Japan currently exports some of its plastic waste to Southeast Asia and other regions, where it gathers as environmental pollution. The partners' recycling business is aimed at curtailing this practice by collecting the waste in Japan and recycling it. The Japanese unit of Veolia, a water-treatment conglomerate, will hold 51% of the venture, Mitsui will own a 39% stake and Seven & i will hold 10%. The venture plans to open a dedicated plant in western Japan in 2022 that is to have a production capacity of 25,000 tons per year, equivalent to 3% to 4% of all plastic bottles sold domestically.

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