Toyo Engineering Corporation (TOYO) and SCG Chemicals have entered into a Memorandum of Understanding (MoU) to jointly improve the process for turning mixed post-consumer plastics into recycled feedstock for petrochemical businesses in Thailand. This process is owned by Circular Plas (CirPlas), of which SCG Chemicals hold a 60% stake.
CirPlas has already operated the demonstration plant for the advanced recycling process in the Rayong province, Thailand. In September 2021, the process using the advanced recycling technology received the International Sustainability and Carbon Certification or ISCC PLUS. This certificate is issued to organisations with sustainable management and development across the supply chain, with SCG Chemicals as the first in Thailand to be certified in the advanced recycling category. SCG Chemicals and CirPlas are planning to increase the capacity of the demonstration plant, and CirPlas and TOYO will execute the joint collaboration of exploring scale-up for commercialisation.
The plastic recycling technology owned by CirPlas is an advanced recycling technology using a catalyst, so that the recycling process is carried out at low temperatures. This reduces energy consumption and promotes environmental-friendliness. Additionally, by recycling post-consumer plastics into feedstock for virgin plastic resin, it can contribute to solving the problem of plastic waste not only in Thailand but also in other countries.
TOYO’s mission is ‘Engineering for Sustainable Growth of the Global Community’ and will contribute to solving the worldwide problem of plastic waste and a realisation of a recycling society while cooperating with the ‘Chemicals Business for Sustainability’ that SCG Chemicals is aiming for.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/20012022/toyo-and-scg-chemicals-to-turn-plastics-into-feedstock-for-petrochemical-businesses/