JEPLAN signs a letter of intent with Rebound Limited, a global quality-assured trading platform for recycled plastic

JEPLAN signs a letter of intent with Rebound Limited, a global quality-assured trading platform for recycled plastic

Abu Dhabi, UAE – JEPLAN (CEO & Co-Founder: Masaki Takao, hereinafter referred to as 'JEPLAN') and Rebound Limited (General Manager: Maryam Al Mansoori, hereinafter referred to as ‘Rebound’), a company based in Abu Dhabi, the capital of the United Arab Emirates (UAE), which is engaged in the global development of the recycled plastics trading market, have signed a letter of intent (hereinafter referred to as 'LoI') for a joint project to establish a recycle PET market in the UAE with the appropriate ecosystem. The agreement was signed on 31 May 2023 at the Make it in the Emirates Forum.

Rebound, which signed the agreement, is a subsidiary company of International Holding Company (IHC), a UAE investment holding company, launched less than a year ago, the first global trading platform for quality-assured recycled plastics, Rebound Plastic Exchange (RPX).

The signing ceremony was held at the Make it in the Emirates Forum organised by the UAE’s Ministry of Industry and Advanced Technology ('MoIAT') in cooperation with in partnership the Abu Dhabi Department of Economic Development (ADDED) and ADNOC. It was attended by representatives from MoIAT, Ministry of Economy, Trade and Industry, government of Japan (‘METI’) and Universal Materials Incubator Co. Ltd.(UMI).

The project consists of