PRESS RELEASE: PLASTIC ENERGY TO BUILD FIVE CHEMICAL RECYCLING PLANTS IN INDONESIA

By April 3, 2019 Press Releases

PRESS RELEASE:

London, April 2nd 2019.

PLASTIC ENERGY Limited, a company with a unique process to recycle plastic waste on a global and commercial scale, has reached an agreement with the province of West Java (Indonesia) to build five chemical recycling plants.
The MOU signed by the Governor of West Java, Ridwan Kamil, follows campaigns – including the United Nations (UN) Clean Seas, the Global Plastic Action Partnership, Our Ocean Conference – to reduce plastic pollution and, in particular, plastics reaching the ocean around Indonesia, a country which is second only to China for leaking plastic into the sea.

The Indonesian government has made addressing the plastic waste issue a priority, with an ambitious commitment to reduce marine plastic debris by 70 per cent by 2025.
The waste management industry in Indonesia is still in its early stages of development, and as such infrastructure development still faces a range of challenges. Plastic Energy is exploring partnerships with a range of public and private sector organisations to address these challenges and to facilitate the construction of these plants, and to make West Java a showcase for the rest of Indonesia.
Governor Ridwan Kamil commented: “West Java is the biggest province in Indonesia in terms of population. We have 50 million people and 27 cities. West Java is also known as the province with a vision of green development, and are creating a series of strategies to make sure our future is sustainable. One of the big issues we are facing is plastic waste. So therefore I am very happy to sign this MoU with Plastic Energy, a British company that can transform plastic waste into fuel, something which is very useful. We are committed to ensuring this project is executed in a proper, transparent and professional way. We want to be the first region in Indonesia to have the facilities to transform plastic waste into energy and into fuel, through this partnership with Plastic Energy.”

Carlos Monreal, Founder and CEO of PLASTIC ENERGY, commented: “We are delighted to be able to make a significant contribution to Indonesia’s battle to reduce plastic pollution. Through the introduction of these plants we will give value to plastic waste which is usually sent to landfill and sometimes mismanaged which leads to the pollution of the ocean.”

PLASTIC ENERGY has pioneered the conversion of valueless plastic waste, with patented low carbon footprint technology, into oils, known as TACOIL, for making new virgin – food safe – plastics and creating a circular economy, or used as an alternative fuel with lower emissions.
In Indonesia, as well as the environmental advantages, the development of the five plants will also boost local economies providing both direct and indirect employment as well as establishing a blueprint for a range of waste management solutions.

PLASTIC ENERGY has two industrial plants which have been operational for more than three years in Spain and earlier this year reached an MOU agreement with SABIC, a global leader in the chemical industry, to provide feedstock for the production of certified circular polymers, following the establishment of a commercial plant in the Netherlands.

Notes to Editors:

PLASTIC ENERGY is in the forefront of the use and development of new technologies to transform traditionally non-recyclable plastic waste into hydrocarbon products and back into plastic. It is leading the way in its field in the transition to a low-carbon circular economy with its two commercial plants in Spain. It is one of the few companies worldwide that has sold millions of litres of oils from plastic waste using patented technology. The company uses chemical recycling to process non-recyclable End of Life Plastics (ELP) from domestic wastes.

Website: www.plasticenergy.com
Twitter: @plasticenergy
Further information from:

Richard Peel
Email: Richard.peel@plasticenergy.com
Tel: 0780 508 3595

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