In July 2019 it was announced that PTT Global Chemical (PTTGC) is planning to develop a Manufacturing facility for recycled plastic pellets. The plant will be a joint venture between PTTGC and Alpla Group Southeast Asia (ALPLA), a global leader specializing in the Manufacturing of plastic products. PTTGC is a subsidiary of PTT, the Thai state-owned oil and gas company.
The facility will be the first factory for the European-standard recycled plastic pellets in Thailand with an annual capacity of 50,000 tons per annum. It will be located at Asia Industrial Estate in Map Ta Phut district, in Rayong, requiring USD 32 million of investment
PTTGC will also expand its investment in recycled plastic pellets at a later stage. Currently, a plan is being developed for an appropriate model in terms of the distribution of factories in remote cities with large volumes of garbage. PTTGC will invite participation by independent investors, who will apply the company’s business model and sell their recycled plastic pellets back to the company.
(Sources: Thai Visa; The Nation)
