TLDR:
Japan Environmental Planning will go public on the NYSE through a merger with AP Acquisition Corp, resulting in an equity value of $300 million and $180 million in cash in trust to expand its chemical recycling business. The company’s focus on PET bottles and polyethylene terephthalate food packaging positions it to make a significant impact on the global plastic waste crisis.
Ladies and gentlemen, gather ’round for a tale of innovation, progress, and plastics. A Japan-based chemical recycling company, Japan Environmental Planning, has decided to join the big leagues by going public on the New York Stock Exchange. This move comes alongside a partnership with AP Acquisition Corp, a special acquisition company under the umbrella of Japan’s first private equity firm, Advantage Partners. The deal will result in an equity value of $300 million and $180 million in cash in trust, which will be used to grow Japan Environmental Planning’s groundbreaking chemical recycling business.
This is no small feat, as the merger is expected to increase the combined asset value of the company to an estimated $480 million. With their technology focusing on PET bottles and polyethylene terephthalate food packaging, Japan Environmental Planning is positioned to make a significant impact on the global plastic waste crisis. The company already operates two recycling plants in Japan, and a research and development plant is also under construction. Anticipating the merger to close in the fourth quarter of 2023, the company name will change to Japan Kankyo Holdings Co., Ltd. After this transformation, the newly-named company will continue to be headquartered in Japan and led by its current management team.
Masaki Takao, founder and CEO of Japan Environmental Planning, stated that the company will use the funds to expand its innovative chemical recycling business globally. It’s undeniable that the world needs companies like Japan Environmental Planning to help tackle the ever-growing plastic waste issue. By providing chemical recycling technology for PET bottles, Japan Environmental Planning plays a crucial role in building a circular economy where waste is collected and recycled rather than washed and dissolved.
In April, Advantage Partners announced the final closing of its latest Japan-focused fund at $970 million. The company’s SPAC division raised $172.5 million in its December 2021 IPO, focusing on decarbonization and renewable energy in Asian countries outside of Japan and Greater China. By merging with AP Acquisition Corp, Japan Environmental Planning will not only raise capital to grow its business but will also gain access to a network of experienced investors passionate about the renewable energy space.
Upon completion of the transaction, Japan Environmental Planning plans to list its common stock in the form of American Depositary Shares (ADS) and will be listed on the New York Stock Exchange under the ticker symbols “JPL” and “JPL WS.” This move offers investors the opportunity to invest in companies dedicated to solving one of the world’s most pressing environmental problems.
In summary, Nippon Kankyo’s decision to list on the New York Stock Exchange marks an important milestone for the company and the renewable energy sector. By raising funds to expand chemical recycling technology for PET bottles, Japan Environmental Planning is helping to create a circular economy and reduce the amount of plastic waste that ends up in landfills and oceans. With the support of Advantage Partners and its investor network, Japan Environmental Planning is well positioned to become a leader in the renewable energy sector.
So, as we look to the future, it’s safe to say that the world of plastic recycling has a new, promising player in the game. The decision by Nippon Kankyo to list on the New York Stock Exchange is an important milestone not only for the company but for the renewable energy sector as a whole. The available funds will allow Japan Environmental Planning to grow its innovative chemical recycling business and move towards a circular economy. In addition, with the added support of Advantage Partners, investors can rest assured that they are supporting companies committed to making a positive impact on the environment. So let’s raise a glass (made of recycled plastic, of course) for Japan Environmental Planning and the exciting journey that lies ahead!