Green tie-ups: Agilyx/Circular in jv for recycled plastics; Braskem/SCG jv for feedstock agreement with Mitr Phol Bio for ethanol-to-ethylene project in Thailand

In order to strengthen efforts to find and provide feedstock for the European advanced plastic recycling industry, chemical recyler Agilyx is partnering with Circular Resources to establish a 60:40 joint venture known as of Plastyx Ltd. 

While advanced plastic recycling technologies are scaling industrially and complementing mechanical recycling, the industry’s growth remains constrained by the availability of consistent, high-quality feedstock. Plastyx is designed to bridge this gap by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications.

The company´s near-term objective is to source and execute MOUs for 200,000 tonnes of waste plastic by the end of 2025.

 In other news, Braskem Siam, a joint venture between Thai chemical firm SCG Chemicals (SCGC) and Brazilian materials firm Braskem has signed a Letter of Intent with Mitr Phol Bio Fuel, part of the Mitr Phol Group— the world's leading sustainable in the food products industry and ASEAN's leading ethanol producer—to supply agricultural based ethanol for the production of bio-ethylene.

Braskem Siam will produce bio-ethylene for SCGC, which will use it as feedstock to produce bio-based PE (bio-PE) that has a negative carbon footprint and is recyclable, just like conventional PE. 

This addresses the growing demand for environmentally friendly polymers in the Asian and European markets and aligns with Thailand's development goals in ethanol production for sustainability. This collaboration will enhance the development of ethanol value chain in Thailand, as well as concretely promote a low-carbon society.

Salin Panichsarn, Deputy Managing Director of Braskem Siam, provided an update on the progress of the bio-ethylene plant, saying, "We are currently evaluating the construction of the plant at the Map Ta Phut Industrial Estate in Rayong Province. This facility will integrate Braskem Brazil's expertise in bioplastics technology with SCGC's Green Innovation. It will be the first plant of its kind outside of Brazil. The goal is to produce bio-ethylene from ethanol derived from agricultural products, replacing fossil fuel-based ethylene, with a production capacity of 200,000 tonnes/year. This will be the first bio-ethylene production plant in Asia. The plant is expected to be completed by 2027. Braskem Siam has an estimated ethanol feedstock demand of over 450 million liters per year, and we are sourcing high-potential ethanol feedstock both domestically and internationally."

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