News DeskAbu Dhabi, UAE – Recycling innovator JEPLAN and Rebound Limited, a subsidiary of UAE’s International Holding Company, have inked a Letter of Intent (LoI) to create a thriving recycled PET market in the UAE. The agreement was finalized on May 31, 2023, during the Make it in the Emirates Forum, a high-profile event supported by the UAE Ministry of Industry and Advanced Technology (MoIAT), in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC.
Rebound, a pioneer in quality-assured recycled plastics trading, has recently launched the Rebound Plastic Exchange (RPX), becoming the first global platform of its kind in less than a year.
This collaborative project comprises four key stages and is aimed at establishing a PET chemical recycling facility in the UAE as a preparatory measure for the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in November. The project will also work towards creating a robust supply chain for recycled PET within the UAE, with the involvement of local partner companies.
JEPLAN, known for its BRING Technology™ for PET chemical recycling, will be actively engaged in quality assessments of collected used PET bottles, cost analysis for recycling, and plant operation validation. This groundbreaking technology enables the recycling of PET products to the same quality as petroleum-derived ones, fostering resource recycling and reducing CO₂ emissions.
Both JEPLAN and Rebound bring over a decade of expertise and proprietary technology in the recycling sector to this venture. JEPLAN remains committed to its vision of ‘putting everything back into circulation.’
The LoI signing is one of several agreements announced during the Make it in the Emirates Forum, aligning with MoIAT’s mission to support the UAE’s economic diversification and its net-zero by 2050 strategic initiative.
