Toyota Tsusho Starts Textile Recycling Business of Waste Fishing Nets, the Main Cause of Ocean Pollution by Plastics
- Food & Consumer Services
Toyota Tsusho Corporation ("Toyota Tsusho") announced today that it entered the waste fishing net recycling business in July 2023 to create a nylon-to-nylon fiber recycling system as part of the promotion of a circular economy in the textile and fashion fields.
Under these circumstances, Toyota Tsusho has been promoting the PATCHWORKS™ ※ project, a holistic circular economy promotion project in the textile and fashion fields. As part of this project, Toyota Tsusho has started a waste fishing net recycling business by taking the advantage of the capital alliance with Bureo Inc. (United States), which collects and sorts waste fishing nets in a way that contributes to local communities, mainly in South America, and owns and operates NetPlus, the world's only brand of 100% recycled nylon material from waste fishing nets.
2. Summary of Activities
In the future, through collaboration with Bureo, Toyota Tsusho will expand the collection and sorting facilities for waste fishing nets in Japan and overseas and build a procurement system that can provide a stable supply of NetPlus material. In the future, Toyota Tsusho aims to expand sale of NetPlus material not only to apparel manufacturers but also as a high-quality textile raw material for industrial materials andother applications. In addition, Toyota Tsusho will develop and operate a regional development program with Bureo and partners in each region to return a portion of the proceeds from the waste fishing net collection business to the local community.
Toyota Tsusho will create a circular economy system toward its goal of providing opportunities and a future for all discarded clothing to be revived as new clothing again through PATCHWORKS™, a project to promote a circular economy in the textile and fashion fields.
A co-creation business project in which Toyota Tsusho launched on April 1, 2023, building a circular economy system with partners in the textile and fashion fields.
Overview of Bureo Inc.
|Ventura, California, USA
|CEO David M. Stover, CTO Kevin Ahearn, COO Ben Kneppers
|Three founders, Tin Shed Ventures, Toyota Tsusho, Sustainable Ocean Fund, Ocean 14 Capital, Conservation International Ventures
|Collection, processing, and sale of waste fishing nets, NetPlus brand business operation, social program management, etc.
<Our Efforts So Far>
March 28th, 2023
Toyota Tsusho to Officially Launch PATCHWORKS™, a Project to Promote Circular Economy in the Textile and Fashion Field
The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.