THAILAND: PTTGC & ALPLA complete formation of JV to build circular plastics plant
PTT Global Chemical (PTTGC) and ALPLA have established a new joint venture, named Envicco, to build and operate a recycled plastics resin plant at the Asia Industrial Estate in Rayong Province, Thailand.
Envicco, owned 70 % by PTTGC and 30 % by ALPLA, will manufacture 30,000 t/y of recycled polyethylene terephthalate and 15,000 t/y of recycled high-density polyethylene. Commercial operations are expected to begin within the fourth quarter of 2021. The new plant "substantially aligns" with PTTGC's Sustainability Strategy for Circular Economy, which aims to be a pilot company for plastic waste management by converting used plastic packaging to "high-quality" recycled plastic resins to serve the increasing market demand, PTTGC noted.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 10 Feb 2020
(Syed Rashid Ali, Karachi, Pakistan)