{"id":106772,"date":"2022-03-28T07:13:00","date_gmt":"2022-03-28T05:13:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=106772"},"modified":"2022-03-24T13:04:25","modified_gmt":"2022-03-24T12:04:25","slug":"itochu-and-aquafil-announce-the-signing-of-a-business-alliance-agreement-to-expand-and-accelerate-the-nylon-circular-business","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/itochu-and-aquafil-announce-the-signing-of-a-business-alliance-agreement-to-expand-and-accelerate-the-nylon-circular-business\/","title":{"rendered":"ITOCHU and Aquafil announce the signing of a Business Alliance Agreement to expand and accelerate the nylon circular business"},"content":{"rendered":"\n\n\n<p><strong>ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President &amp; COO; hereinafter \u201cITOCHU\u201d) and Aquafil S.p.A. (headquartered in Italy; Giulio Bonazzi, Chairman and CEO; hereinafter \u201cAquafil\u201d) the creator of the branded ECONYL\u00ae regenerated nylon and pioneer in circular economy, announced they entered into a non-exclusive business alliance agreement to promote and expand the nylon circular business.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>ITOCHU\u2019s representative, Nobuyuki Tabata, Chief Operating Officer of Chemical Department, stated:<br><em>\u201cThe business alliance with Aquafil enables us to commit to the nylon&nbsp;circularbusiness and strengthen our contributions to SDGs in our Medium-term Management&nbsp;Plan\u201cBrand New Deal 2023\u201d.&nbsp;Since the strategic partnership announced last year, ITOCHU has been promoting waste nylon collection, ECONYL\u00ae branded products sales and the development of new applications. ITOCHU\u2019s network has brought advances in all areas.&nbsp;<\/em><br><em>To deepen and accelerate the collaboration further ITOCHU has decided to make capital participation in Aquafil.\u201d<\/em><\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Giulio Bonazzi, Chairman and Chief Executive Officer of Aquafil, stated:<br><em>\u201cThe business alliance with ITOCHU is another key step in our long journey and provides us the opportunities and values to grow further in ECONYL\u00ae business through the collection of nylon waste and the marketing of ECONYL\u00ae branded products.<\/em><br><em>We are particularly proud of the progresses reached so far together with ITOCHU and we are sure the collaboration among our companies will provide more sustainable solutions to the marketplaces\u201d.<\/em><\/p><\/blockquote>\n\n\n\n<p>In 2011 Aquafil created its ECONYL\u00ae Regeneration System that turns recovered nylon waste such as fishing nets, carpets and post-industrial waste back to caprolactam (CPL), a crude raw material. Through its proprietary depolymerization recycling technology, Aquafil eliminates impurities completely, to achieve regenerated nylon product having the same features of the virgin quality materials.<\/p>\n\n\n\n<p>ECONYL\u00ae nylon is made completely from nylon waste, which enables up to 90% CO<sub>2&nbsp;<\/sub>reduction compared to conventional nylon made from crude oil. Focusing on the fashion and carpet industries, ECONYL\u00ae branded products have been adopted as an environmentally. sustainable material by more than 2,000 brands around the world.<\/p>\n\n\n\n<p>The success and recognition of ECONYL\u00ae will be reinforced moving forward thanks to the synergies with ITOCHU\u2019s global network in order to further promote the worldwide collection of nylon waste as well as, the sales and the development of ECONYL\u00ae branded materials both in traditional and new businesses. Furthermore, under the two Parties\u2019 strategies driven by circularity, innovative solutions based on eco-design projects will be developed and implemented.<\/p>\n\n\n\n<p>ITOCHU has established that the contribution to SDGs and reinforcement of measures is a basic policy in its medium-term management plan \u201c<em>Brand New Deal 2023<\/em>\u201d. Through the further expansion of the nylon circulation recycling businesses, ITOCHU and Aquafil will contribute to the advancement of a sustainable recycling-oriented society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President &amp; COO; hereinafter \u201cITOCHU\u201d) and Aquafil S.p.A. (headquartered in Italy; Giulio Bonazzi, Chairman and CEO; hereinafter \u201cAquafil\u201d) the creator of the branded ECONYL\u00ae regenerated nylon and pioneer in circular economy, announced they entered into a non-exclusive business alliance agreement to promote and expand the nylon circular [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"From the recovery of nylon waste to the development, production and sale of ECONYL\u00ae nylon products inspired by their common commitment for a sustainable future","footnotes":""},"categories":[17143],"tags":[10416,14147,10453],"supplier":[10284,4136],"class_list":["post-106772","post","type-post","status-publish","format-standard","hentry","category-recycling","tag-circulareconomy","tag-nylon","tag-recycling","supplier-aquafil-s-p-a","supplier-itochu-corporation"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/106772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=106772"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/106772\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=106772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=106772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=106772"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=106772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}