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.
Read more>>>
30 Oct, 2019
Coca Cola Beverages Philippines (CCBPI) has announced plan to invest in a new recycling facility in the Philippines. Expected to cost P1 billion, the recycling facility will convert waste plastic bottles into new ones. The facility – based on the circular economy concept - will collect, sort, clean and wash post-consumer PET plastic bottles and turn them into new ones.
The investment is part of Coca Cola’s global commitment to collect and recycle every bottle and can it sells by 2030 – which is in line with its goal to have a “World Without Waste.”
CCBPI is expected to engage with local partners in Philippines as well as work with an internationally-recognized green technology company for the facility.
For more recent updates on plastics recycling in South East Asia, attend
CMT’s RecyclePlast Asia on 13-14 November, 2019, in Bali. Contact Hafizah at
hafizah@cmtsp.com.sg or call +65 6346 9128 for more information.
Read more>>>
30 Sep, 2019
Indonesian government aims to reduce marine waste (mostly plastics) by 70 percent by 2025 and plans to spend $1 billion over the next five years for the same.
The government is also planning to introduce an extended producer responsibility (EPR) regulation by end of 2019 – that will make consumer goods manufacturers more responsible for managing waste from their product packaging.
The new regulation is expected to be applied to processed foods and beverages manufacturers as well as retailers and supermarkets that are dependent on plastic packaging for their products.
These businesses would be expected to come up with a 10-year plan with details of how much waste (generated from their products) will be collected and recycled – via their own recycling facilities or partner with existing facilities. They will be also expected to provide drop boxes for consumers to dispose of product waste for processing. The EPR regulation is also expected to mandate these business to include more recycled plastics in their product packaging.
An EPR requirement is already stated in the Waste Management Act of 2008, but it hasn’t been easy to enforce.
There are already discussions among the Environment Ministry, the Ministry of Industry, the Ministry of Trade and business associations to design the roadmap for waste reduction by producers.
For more details on Indonesia’s plastics recycling efforts, attend CMT’s RecyclePlast Asia on 13-14 November, 2019, in Bali.
06 Aug, 2019
