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PureCycle Invests 8.1 Billion Baht in Rayong Recycled Plastic Production

PureCycle Invests 8.1 Billion Baht in Rayong Recycled Plastic Production

Matichon•Economy•22d ago

Reader Briefing

PureCycle will invest over 8.1 billion baht to establish a recycled polypropylene pellet production facility in Rayong, Thailand, utilizing 100% domestically sourced plastic waste and advanced recycling technology.

  • •PureCycle (Thailand) Co., Ltd. is investing over 8.1 billion baht in a new recycled plastic pellet project in Rayong.
  • •The facility will use 100% Thai plastic waste as raw material, with a production capacity of approximately 59,000 tons per year.
  • •The project aims to produce high-quality recycled polypropylene pellets under the brand 'PureFive™' for both domestic and export markets.
  • •This investment supports Thailand's goal of becoming a low-carbon economy and a regional leader in the recycling industry.

Overview

  • •The Board of Investment (BOI) approved the investment request for PureCycle (Thailand) Co., Ltd.
  • •The investment project for recycled polypropylene pellet production is valued at over 8,100 million baht.
  • •The project will be located in the IRPC Industrial Estate, Rayong Province.
  • •The project will have a production capacity of approximately 59,000 tons per year.
  • •100% of the raw material will be domestic plastic waste, estimated at around 65,600 tons per year, valued at over 1,150 million baht.
  • •PureCycle chose Thailand as its main production base due to sufficient raw material and a comprehensive industrial chain for modern recycling businesses.
  • •Global demand for recycled plastics is projected to reach 132,000 million US dollars by 2033 (2033).
  • •The investment contributes to Thailand's goal of green industrial development and achieving a low-carbon economy.

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Key Quotes

Narate Teerathirasakh
"This project has a production capacity of approximately 59,000 tons per year, using 100% domestic plastic waste as raw material, amounting to about 65,600 tons per year, or over 1,150 million baht."
โครงการนี้มีกำลังผลิตประมาณ 59,000 ตันต่อปี โดยใช้เศษพลาสติกในประเทศเป็นวัตถุดิบ 100% คิดเป็นปริมาณราว 65,600 ตันต่อปี หรือมูลค่ากว่า 1,150 ล้านบาท
Narate Teerathirasakh
"The project's highlight is adding value to polypropylene plastic waste generated within Thailand through advanced recycling technology, where Thailand possesses both raw material quantity and a complete industrial chain ready to support the new era of recycling business, making it a key factor for PureCycle to choose Thailand as its main production base."
จุดเด่นของโครงการนี้ คือ การนำเศษพลาสติกโพลีโพรพิลีนที่เกิดขึ้นภายในประเทศไทย กลับมาเพิ่มมูลค่าผ่านเทคโนโลยีรีไซเคิลขั้นสูง ซึ่งไทยมีทั้งปริมาณวัตถุดิบและห่วงโซ่อุตสาหกรรมที่พร้อมรองรับธุรกิจรีไซเคิลยุคใหม่ได้อย่างครบวงจร จึงเป็นปัจจัยสำคัญที่ทำให้ PureCycle เลือกประเทศไทยเป็นฐานการผลิตหลัก

Key Entities

Organization

PureCycle (Thailand) Co., Ltd.(เพียวไซเคิล (ประเทศไทย) จำกัด)
Company investing in a recycled plastic pellet production project in Rayong, Thailand.
Board of Investment (BOI)(คณะกรรมการส่งเสริมการลงทุน (บีโอไอ))
Thai government agency responsible for approving investment promotion applications.
Procter & Gamble (P&G)(บริษัท พรอคเตอร์ แอนด์ แกมเบิล (P&G))ℹ️
Company that holds the patent for the Dissolution Recycling technology used by PureCycle.
L'Oréal (Thailand)(ลอรีอัล (ประเทศไทย))
Company that will purchase 50% of the recycled plastic pellets produced by PureCycle for the domestic market.
European Union(สหภาพยุโรป)ℹ️
Bloc whose regulations are increasing the demand for recycled materials in packaging.
Coca-Colaℹ️
Leading brand committed to ESG goals and Net Zero targets, contributing to the demand for recycled plastics.
Unileverℹ️
Leading brand committed to ESG goals and Net Zero targets, contributing to the demand for recycled plastics.
Nestléℹ️
Leading brand committed to ESG goals and Net Zero targets, contributing to the demand for recycled plastics.

Person

Narate Teerathirasakh(นายนฤตม์ เทอดสถีรศักดิ์)
Secretary-General of the Board of Investment (BOI) who announced the approval of PureCycle's investment.

Place

IRPC Industrial Estate(เขตอุตสาหกรรมไออาร์พีซี)
Location in Rayong Province where PureCycle's new recycled plastic pellet plant will be situated.
Rayong Province(จังหวัดระยอง)ℹ️
Province in Thailand where the new PureCycle recycling facility will be located.
United States(สหรัฐฯ)ℹ️
Country from which PureCycle's Dissolution Recycling technology originates.
Malaysia(ประเทศมาเลเซีย)ℹ️
Asian country that will receive exports of recycled plastic pellets from PureCycle.
Indonesia(อินโดนีเซีย)ℹ️
Asian country that will receive exports of recycled plastic pellets from PureCycle.

Product

PureFive™
Brand name for the high-quality recycled polypropylene pellets produced by PureCycle.

Law

Packaging and Packaging Waste Regulation (PPWR)
European Union regulation driving increased demand for recycled plastics.