Chemical recycling technology leader - Plastics Energy and Malaysia’s Petronas Chemicals Group (PetChem) have signed an MoU to address plastic waste in Malaysia that cannot be recycled by conventional means.
The two companies will start the collaboration with a feasibility study with the end goal of establishing a facility to convert plastic waste into Tacoil, which is Plastic Energy’s optimal feedstock.
If the feasibility study is positive, PetChem and Plastic Energy will plan a commercial plant in Malaysia that will create recycled virgin-quality plastics from low-quality and mixed plastic waste using Plastic Energy’s Tacoil.
If everything goes as per plan, PetChem will be the first petrochemical company in South-East Asia to invest in a chemical recycling plant that converts mixed plastics waste into virgin quality polymer.
The move is PetChem’s first step towards a circular economy.
Plastic Energy is the only operator in the world to have continuously and successfully converted domestic end-of-life plastics at a commercial level. It has established two commercial plants in Seville and Almeria, Spain.
Find out more about
‘Chemical Recycling Technology to Convert Mixed Plastics Waste into Virgin Quality Polymer – Highlighting the Prospects in Asia’ from
Carlos Monreal, President & CEO,
Plastic Energy at
CMT’s RecyclePlast Asia on 13-15 November, 2019, in Bali. Contact Hafizah at
hafizah@cmtsp.com.sg or call +65 6346 9128 for more information.
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