PTT Global Chemical Public Co. (GC; Bangkok, Thailand; www.pttgcgroup.com) has announced a long-term partnership with ALPLA, a global recycler and high-quality plastic packaging solutions provider. Together, the two companies are revolutionizing the efficient use of renewable resources to ensure they deliver the maximum sustainable benefits. Under the GC and ALPLA partnership, a new joint venture (JV) company called ENVICCO Ltd. has been formed to build a circular plastic resin plant in Asia Industrial Estate in Map Ta Phut, Rayong Province.
Supattanapong Punmeechaow, Chief Executive Officer and President of PTT Global Chemical, said, “The new circular plastic recycling plant is part of our long-term strategic plan that integrates the Circular Economy principles into our business and encourages environmental responsibility by reducing the use of single-use plastics. The new plant is an important milestone as it will create a comprehensive value chain for plastics in Thailand. Under the GC and ALPLA partnership, we are doing a pilot production project to create cooperation in operations with all sectors of society – from beginning, to end in order to apply the Circular Economy principles towards resource efficiency.
EVICCO Limited is established in order to build Thailand’s first plant that will make high-quality recycled PET (rPET) and recycled HDPE (rHDPE) plastic resins. Thanks to ALPLA’s expertise in operating a recycling business across managed supply chains and its cutting-edge European technologies, we can be assured of an efficient management system, eco-friendly production, and a design that offers premium-quality, value-added plastics that can be easily reused and recycled. The joint venture will also boost local employment and make raw materials supply agreements with communities in Rayong,” added Supattanapong.