KUALA LUMPUR: Petronas Chemical compounds Group Bhd (PCG) has signed a memorandum of understanding (MoU) with KDEB Waste Administration (KDEBWM) and One Biosys Sdn Bhd for the provision of plastic waste from landfills and analysis of potential collaboration to construct waste segregation amenities in Malaysia.
Below the MoU, KDEBWM and One Biosys will provide plastics waste that consists of polyethylene (PE), polypropylene (PP) as effectively and polyethylene terephthalate (PET) to PCG.
In a joint assertion, it stated the MoU additionally covers a joint feasibility research to judge the business viability of constructing waste segregation amenities in Malaysia which is able to guarantee efficient plastic waste segregation.
PCG managing director and chief government officer Mohd Yusri Mohamed Yusof stated the transition to a round financial system requires new options to handle the gaps within the plastic worth chain – from higher waste administration to enhancing the financial viability of recycling options.
“This partnership is our subsequent step in the direction of realizing our aspiration to be a options associate in addressing plastics air pollution in Malaysia following our partnership with Plastic Power Ltd in 2019 to ascertain a facility to transform contaminated, low high quality, blended plastic waste into pyrolysis oil.
“With this MoU, we’re capable of speed up our initiatives in the direction of a round financial system in making certain sustainable consumption and manufacturing of plastics,” he stated.