Conclusion of a Memorandum of Understanding for the Development of Recycling Business in Indonesia
Apr. 18. 2022
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),
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|
|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）|
|Company name||:||PT Khazanah Hijau Indonesia|
|Location||:||Jl. Mampang Prapatan Raya No. 73A, Kelurahan Tegal Parang, Kecamatan
Mampang Prapatan Jakarta Selatan 12790, Indonesia
|CEO||:||Ernest Christian Layman|
|Business||:||Developing a recycling waste collection business in Indonesia by using digital platform|
Related Press Release
Mid-Term Management Strategy (FYE 3/2023-FYE 3/2025) GC2024, published Feb. 3, 2022