Petronas Chemicals, Plastic Energy mull building a new recycling plant in Malaysia

Petronas Chemicals Group (PCG), the petrochem arm of Malaysian oil and gas firm, Petronas, and one of the largest integrated chemicals producers in Southeast Asia, signed a Memorandum of Understanding (MoU) with UK chemical recycling company, Plastic Energy Ltd, to collaborate in addressing plastic waste that cannot be recycled by conventional means in Malaysia.

PCG and Plastic Energy will jointly perform a feasibility study to establish a facility to convert plastic waste into Tacoil, Plastic Energy’s optimal feedstock to create recycled virgin-quality plastics from low quality, mixed plastic waste otherwise destined for incineration or landfill.

Depending on the outcome of the study, PCG and Plastic Energy may consider building a commercial plant in Malaysia. The collaboration will enable PCG to utilise Plastic Energy’s Tacoil for polymer production in its petrochemical complex in Pengerang Integrated Complex and obtain circular polymer certification from International Sustainability and Carbon Certification (ISCC).

ISCC is a leading and globally applicable certification system that ensures compliance with high ecological and social sustainability requirements, greenhouse gas emissions savings and traceability throughout the supply chain. Plastic Energy has successfully commercialised a patented thermochemical conversion technology to convert end-of-life, contaminated plastics and plastics that are hardly recyclable for conventional processes into usable feedstock.

Currently, Plastic Energy has established two commercial plants in Seville and Almeria, Spain. Once materialised, PCG will be the first petrochemical company in Southeast Asia to invest in a chemical recycling project, which converts mixed plastics waste into virgin quality polymer. The company, with its team of technology experts have a combined experience of more than 50 years in developing the unique Thermal Anaerobic Technology (TAC) recycling process.

(PRA)

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