Toyo Engineering Corp. (Tokyo) and SCG Chemicals Co. (Bangkok, Thailand) entered into a memorandum of understanding (MOU) are jointly collaborating to further develop the advanced recycling process owned by Circular Plas (CirPlas), in which SCG Chemicals holds a 60% stake, for turning mixed post-consumer plastics into recycled feedstock for petrochemical businesses.
CirPlas has already operated the demonstration plant for its 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 will execute the joint collaboration of exploring scale-up for commercialization.
The plastic recycling technology owned by CirPlas involves advanced recycling technology using a catalyst, so the recycling process operates with low temperatures. This reduces energy consumption and promotes sustainability. And, 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.