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Released August 30, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The potential of plastic resins recycling in Southeast Asia is enabling a circular economy where resins can be repeatedly reused, reducing the need for virgin materials. Despite a rapid population growth and industrialization that is causing a soaring demand for plastic products, recent advancements in recycling technology are breathing new life into these materials, transforming them from waste into valuable resources. By focusing on innovative techniques such as chemical recycling and advanced sorting methods, the waste-to-resource movement is able to break down resins into their basic components, allowing them to be reconstituted into high-quality materials.
PETRONAS (Kuala Lumpur, Malaysia) is leading the charge in sustainable solutions with its advanced recycling plant, producing 33,000 metric tons per year using thermal anaerobic conversion technology. The facility is currently under construction and will be the largest of its kind in Asia when completed early next year.
Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), in partnership with PT Indomobil Prima Energi (Jakarta, Indonesia) and Plastic Energy Limited (London, England), has signed a memorandum of understanding to establish a large-scale advanced recycling facility in Indonesia. This ambitious project aims to process an impressive 100,000 metric tons of plastic waste annually.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more by viewing the related project reports.
The production of recycled resins can stimulate local industries, create green jobs, and foster a culture of sustainability. As Southeast Asia takes bold steps to address its plastic waste challenge, resin rebirth emerges as a beacon of hope, illuminating a pathway to a cleaner, greener, and more prosperous future.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
PETRONAS (Kuala Lumpur, Malaysia) is leading the charge in sustainable solutions with its advanced recycling plant, producing 33,000 metric tons per year using thermal anaerobic conversion technology. The facility is currently under construction and will be the largest of its kind in Asia when completed early next year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more by viewing the related project reports.
The production of recycled resins can stimulate local industries, create green jobs, and foster a culture of sustainability. As Southeast Asia takes bold steps to address its plastic waste challenge, resin rebirth emerges as a beacon of hope, illuminating a pathway to a cleaner, greener, and more prosperous future.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
