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'PureCycle' Invests 8.1 Billion in Thailand's First Advanced Plastic Recycling Plant

'PureCycle' Invests 8.1 Billion in Thailand's First Advanced Plastic Recycling Plant

Thansettakij•Economy•20d ago

Reader Briefing

PureCycle establishes its first advanced plastic recycling plant in Thailand, investing 8.1 billion THB to produce high-quality recycled polypropylene.

  • •PureCycle is launching its first advanced plastic recycling facility in Thailand with an investment of 8.1 billion THB.
  • •The plant will utilize Dissolution Recycling technology to produce high-quality recycled polypropylene named PureFive™.
  • •The facility aims to process approximately 65,600 tons of domestic polypropylene waste annually, contributing to a circular economy.
  • •Products will be supplied domestically to P&G and L'Oréal (Thailand), with the remainder exported to Asian markets like Malaysia and Indonesia.

Overview

  • •PureCycle is establishing its first advanced plastic recycling facility in Thailand.
  • •The investment in the new facility amounts to 8.1 billion THB.
  • •The facility will utilize Dissolution Recycling technology from the United States.
  • •The plant will have a production capacity of approximately 59,000 tons per year.
  • •The facility will use 100% domestic plastic waste as raw material, estimated at 65,600 tons per year.
  • •The value of domestic plastic waste used as raw material is over 1,150 million THB.
  • •50% of the recycled product will be sold domestically to P&G and L'Oréal (Thailand).
  • •The remaining production will be exported to Asian markets, including Malaysia and Indonesia.

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Key Quotes

"This project is a significant investment supporting green industry development goals, helping Thailand move concretely towards a low-carbon economy, and is an future industry where Thailand has high potential to be a regional leader."
โครงการดังกล่าวนี้ถือเป็นการลงทุนสำคัญที่ช่วยสนับสนุนเป้าหมายการพัฒนาอุตสาหกรรมสีเขียว เพื่อให้ไทยก้าวสู่เศรษฐกิจคาร์บอนต่ำได้อย่างเป็นรูปธรรม และเป็นหนึ่งในอุตสาหกรรมแห่งอนาคตที่ประเทศไทยมีศักยภาพสูงที่จะเป็นผู้นำในระดับภูมิภาคได้

Key Entities

Organization

PureCycle
An organization establishing its first advanced plastic recycling facility in Thailand.
Procter & Gamble (P&G)(พรอคเตอร์ แอนด์ แกมเบิล (P&G))ℹ️
The company holding the patent for the Dissolution Recycling technology and a domestic buyer of PureCycle's recycled products.
L'Oréal (Thailand)(ลอรีอัล (ประเทศไทย))
A domestic buyer of PureCycle's recycled products.
Coca-Colaℹ️
A leading brand with ESG commitments and Net Zero goals that contributes to the demand for recycled polypropylene.
Unileverℹ️
A leading brand with ESG commitments and Net Zero goals that contributes to the demand for recycled polypropylene.
Nestléℹ️
A leading brand with ESG commitments and Net Zero goals that contributes to the demand for recycled polypropylene.

Place

United States(สหรัฐฯ)ℹ️
The origin of the Dissolution Recycling technology being used by PureCycle.
Thailand(ประเทศไทย)ℹ️
The location of PureCycle's first advanced plastic recycling facility and a strategic manufacturing base.
Malaysia(มาเลเซีย)ℹ️
An Asian market where PureCycle will export its recycled products.
Indonesia(อินโดนีเซีย)ℹ️
An Asian market where PureCycle will export its recycled products.

Law

Dissolution Recycling Technology(เทคโนโลยี Dissolution Recycling)
The advanced recycling technology utilized by PureCycle, which uses solvents to separate contaminants from polypropylene.
Packaging and Packaging Waste Regulation (PPWR)
A European Union regulation that is a key driver for increased demand in recycled plastics due to its recycling and recycled material usage targets.