Toyo Engineering, SCG Chemicals to turn plastics into feedstock for petrochemicals
Toyo Engineering and SCG Chemicals in Thailand entered into a MOU relating to the joint collaboration for improving the process of turning mixed post-consumer plastics into recycled feedstock for petrochemical businesses. The process is owned by Circular Plas (CirPlas), which SCG Chemicals hold a 60% stake.
CirPlas has already operated the demonstration plant for the advanced recycling process in 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 organizations 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 execute the joint collaboration of exploring scale-up for commercialization.
The advanced recycling technology uses a catalyst, so the recycling process is in low temperatures. This reduces energy consumption and promotes environmental-friendliness. By recycling post-consumer plastics into feedstock for virgin plastic resin, it can contribute to solve the problem of plastic waste not only in Thailand but also in other countries.
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