Marubeni : Conclusion of a Memorandum of Understanding for the Development of Recycling Business in Indonesia
April 17, 2022 at 10:14 pm EDT
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Apr. 18. 2022
Marubeni Corporation
PT Marubeni Indonesia
PT Marubeni Indonesia, in which Marubeni Corporation has a stake, has concluded a Memorandum of Understanding (hereinafter, "MOU") with PT Khazanah Hijau Indonesia (hereinafter, "Rekosistem"), a startup company in Indonesia, to develop a recycling business. Marubeni Indonesia will begin a Proof of Concept (POC) for the collection, productization, and sale of recyclable waste as raw materials with Rekosistem from April 2022.
Rekosistem collects various kinds of waste (such as plastics, cardboard, paper, glasses, E-waste, etc.) from corporate enterprises and individuals by using a digital platform, which gives users points that can be used for electronic payments in accordance with the amount of waste collected. Rekosistem then sells the collected waste to recyclers.
Waste emissions in Indonesia are increasing as the population grows. The issue of discharging plastic wastes into the ocean is especially urgent, as Indonesia's amount of ocean-bound plastic waste is the second largest in the world after China*. Establishing a waste collection system and popularizing recycling is therefore a serious task, and the Indonesian government has implemented new regulations for each manufacturer to reduce their total amount of waste by 30% by the end of 2029.
Based on this MOU, Marubeni Indonesia will promote waste collection in Indonesia in collaboration with Rekosistem and will develop a recycling business for the collected waste through the utilizing the Marubeni Group's network.
In February 2022, Marubeni Corporation set forth the company's Green Strategy in the Mid-Term Management Strategy "GC2024" and aspires to become a forerunner in Green Business by enhancing green business and "expanding green business in all business segments. Through this recycling business, we will contribute to the realization of a sustainable society in Indonesia.
*Reference: 2019 Japan Ministry of the Environment report, Recent Situation of Marine Plastic Waste (in Japanese), https://www.env.go.jp/water/marirne_litter/mpl1-d2.pdf
Left: PT Marubeni Indonesia President Director Shinji Kasai Right: Rekosistem CEO Ernest Christian Layman
About PT Marubeni Indonesia
Company name
:
PT Marubeni Indonesia
Location
:
Menera Astra, 51st Floor, Jl. Jenderal Sudirma av 5-6, Jakarta 10220 Indonesia
Incorporated
:
1993
President Director
:
Shinji Kasai
Business
:
Marubeni Indonesia conducts business in Indonesia in a wide range of areas including lifestyle,
forest products, chemicals, food products, , energy, metals & mineral resources, infrastructure projects,
construction, industrial machinery & mobility, ICT & logistics, and healthcare.
Stockholder
:
Marubeni ASEAN Pte. Ltd.（Marubeni Corporation has a 100% stake）
Website
:
http://marubeni-indonesia.co.id/in/home
About Rekosistem
Company name
:
PT Khazanah Hijau Indonesia
Location
:
Jl. Mampang Prapatan Raya No. 73A, Kelurahan Tegal Parang, Kecamatan
Mampang Prapatan Jakarta Selatan 12790, Indonesia
Incorporated
:
2019
CEO
:
Ernest Christian Layman
Business
:
Developing a recycling waste collection business in Indonesia by using digital platform
Website
:
https://www.rekosistem.com/
Instagram
:
https://www.instagram.com/rekosistem/
Related Press Release
Mid-Term Management Strategy (FYE 3/2023-FYE 3/2025) GC2024, published Feb. 3, 2022 https://www.marubeni.com/en/news/2022/release/gc2024_eng.pdf
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Marubeni Corporation published this content on 18 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2022 02:13:04 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
