THAILAND: EC clears deal by PTTGC & ALPLA to form Thai plastics recycling JV
The European Commission (EC) has approved the proposed transaction between PTT Global Chemical (PTTGC) and ALPLA to create a new joint venture for building a circular plastic resin plant in Map Ta Phut Industrial Estate, Thailand. The joint venture, to be called Envicco Ltd., will build Thailand's "first" recycling plant to manufacture recycled polyethylene terephthalate and recycled high-density polyethylene, PTTGC earlier explained. The commission concluded that the transaction would raise no competition concerns because the overlaps between the activities of the two involved are very limited.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 20 Jan 2020
(Syed Rashid Ali, Karachi, Pakistan)