PLASTIC ENERGY Signs MOU to Construct Five Chemical Recycling Plants

PLASTIC ENERGY has reached an agreement with the province of West Java (Indonesia) to build five chemical recycling plants.

Addressing the Plastic Waste Issue

The MOU signed by the Governor of West Java, Ridwan Kamil, follows campaigns – including the United Nations (UN) Clean Seas, the Global Plastic Action Partnership, Our Ocean Conference – to reduce plastic pollution and, in particular, plastics reaching the ocean around Indonesia, a country which is second only to China for leaking plastic into the sea.

The Indonesian government has made addressing the plastic waste issue a priority, with an ambitious commitment to reduce marine plastic debris by 70 per cent by 2025.

Exploring Partnerships

The waste management industry in Indonesia is still in its early stages of development, and as such infrastructure development still faces a range of challenges. Plastic Energy is exploring partnerships with a range of public and private sector organizations to address these challenges and to facilitate the construction of these plants, and to make West Java a showcase for the rest of Indonesia.

Governor Ridwan Kamil commented: “West Java is the biggest province in Indonesia in terms of population. We have 50 million people and 27 cities. West Java is also known as the province with a vision of green development, and are creating a series of strategies to make sure our future is sustainable. One of the big issues we are facing is plastic waste. So therefore I am very happy to sign this MoU with Plastic Energy, a British company that can transform plastic waste into fuel, something which is very useful. We are committed to ensuring this project is executed in a proper, transparent and professional way. We want to be the first region in Indonesia to have the facilities to transform plastic waste into energy and into fuel, through this partnership with Plastic Energy.”

Carlos Monreal, Founder and CEO of PLASTIC ENERGY, commented: “We are delighted to be able to make a significant contribution to Indonesia’s battle to reduce plastic pollution. Through the introduction of these plants we will give value to plastic waste which is usually sent to landfill and sometimes mismanaged which leads to the pollution of the ocean.”

Conversion of Valueless Plastic Waste

PLASTIC ENERGY has pioneered the conversion of valueless plastic waste, with patented low carbon footprint technology, into oils, known as TACOIL, for making new virgin – food safe – plastics and creating a circular economy, or used as an alternative fuel with lower emissions.

In Indonesia, as well as the environmental advantages, the development of the five plants will also boost local economies providing both direct and indirect employment as well as establishing a blueprint for a range of waste management solutions.

PLASTIC ENERGY has two industrial plants which have been operational for more than three years in Spain and earlier this year reached an MOU agreement with SABIC, a global leader in the chemical industry, to provide feedstock for the production of certified circular polymers, following the establishment of a commercial plant in the Netherlands.

Source: PLASTIC ENERGY