IWATANI Corporation

Lindian Resources Limited has executed a Technology and Engineering Services Agreement and a long-term binding Offtake Agreement with Carester SAS for the development of an Oxide Separation Facility, marking a major step in its downstream rare earth strategy. The partnership will advance a Definitive Feasibility Study for a new 8,000 tonne per annum REO solvent extraction and oxide separation facility at Stepnogorsk, Kazakhstan, targeted for completion in Q4 2026, with Tetra Tech Coffey also involved. Under the binding offtake agreement, Carester will purchase 70% of SEGH production and hold a right of first refusal over 70% of MHREC production from SARECO, with an initial 10-year term and two five-year extension options. Heavy rare earths product will be supplied to the Caremag Refinery in Lacq, France, a joint venture backed by JOGMEC, Iwatani, and Carester, which has secured significant French and Japanese government funding. Lindian's Executive Chairman Robert Martin highlighted that the Caremag facility is backed by €216 million in funding and targets approximately 15% of global dysprosium and terbium oxide production, positioning Lindian as one of the few vertically integrated mine-to-separated oxides producers globally.

Indorama Ventures has announced a strategic partnership with Suntory Holdings, Suntory PepsiCo Beverage Thailand, and Iwatani Corporation Thailand to bring commercial circular PET packaging to Thailand through its Indovida business. The collaboration will introduce Flake-to-Preform direct recycling technology to Thailand through Indovida Thailand, a joint venture between Indorama Ventures and Iwatani Corporation. This marks the first commercial use of the technology in Southeast Asia, with expected production of recycled PET preforms equivalent to about 400 million PET bottles per year. Deliveries to Suntory PepsiCo Beverage Thailand are expected to begin from 2028 onwards. The partnership strengthens Indorama Ventures' downstream packaging business platform and reinforces the company's IVL 2.0 growth strategy.