What’s CirculeX?
Currently, driven by the global trend towards a circular economy, the recycled plastics market continues to expand. Furthermore, in Japan, amendments to the "Act on Promotion of Effective Utilization of Resources" are expected to mandate the use of recycled material for automobiles, four types of home appliances, and containers and packaging. Internationally, regulations promoting the use of recycled material in automobiles and packaging are being introduced, mainly in Europe, thus increasing the demand for recycled material from a legal and regulatory standpoint.
However, companies are facing a serious procurement challenge. High-quality PIR material (derived from industrial waste) generated in production processes is in short supply compared to demand, making procurement difficult and driving up prices. On the other hand, PCR material (derived from used plastic) discharged from households is relatively inexpensive and easy to procure, but it has quality issues such as a distinctive odor caused by food residue and insufficient strength, limiting its uses.
Amidst these challenges, "CirculeX" is a high-performance recycled material that fundamentally solves these problems through TBM's unique blending and mixing technology. While being an inexpensive and easily procured PCR material (PP) derived from used container and packaging plastics, it achieves strength equal to or greater than virgin plastics, as well as a significant reduction in odor. As a substitute for PIR material and virgin plastics, which continue to be in short supply and whose prices are soaring, this recycled material enables its introduction into a wide range of applications that were previously difficult to utilize.