SembEnviro enters into a JV with Singapore's largest waste plastics recycling company

Based in Singapore, SembCorp Industries (SembCorp) announced on July 6 that its wholly owned subsidiary, SembCorp Environmental Management (SembEnviro), has entered into a joint venture with Singapore's largest waste plastics recycling company, K K Asia Pte Ltd, to take up a 90% stake in a new joint venture company, SembEnviro KK Asia.

SembEnviro's S$3.4 million investment in the joint venture marks the company's first waste-to-resource investment in Singapore. The joint venture is involved in the recovery of recycled plastic resins from waste plastics and the sale of these resin pellets to manufacturers throughout the region. The recycled resins can be used in the production of pipes, garbage bags, milk crates and other products.

This joint venture presents a win-win platform for both SembEnviro and K K Asia. SembEnviro will leverage on KK Asia's plastic treatment capabilities. K K Asia on the other hand, will have more used plastics to recycle, as SembEnviro will channel used plastics collected through its recycling operations to the new joint venture.

Heng Chiang Gnee, President & CEO of SembEnviro said, "This JV is our first waste-to-resource partnership in Singapore, following our recent recycling collaboration in China on used lead acid batteries. Complementing our waste collection business, this project is in line with our new direction towards pre-disposal and waste-to-resource projects to fuel our future growth."

"This collaboration also demonstrates SembEnviro's commitment towards sustainable waste management practices, diverting plastics from landfilling and incineration and converting them into resources," he added.