Dow and SCG Chemicals partner to transform plastic waste into circular products
Dow and SCG Chemicals signed a memorandum of understanding (MOU) on a circularity partnership in the Asia Pacific region to transform 200 kilotons per annum of plastic waste into circular products by 2030.
Dow and SCG Chemicals signed a MOU on a circularity partnership in the Asia Pacific region.
The partners intend to accelerate technology development in the value chain to enable recycling through both mechanical recycling and advanced recycling and convert a broader range of plastic waste into high-value applications.
In the initial phases, the partners are expected to establish a value growth partnership for post-consumer recycled materials (PCR) with current suppliers, and developing technology solutions in waste sorting, mechanical recycling and advanced recycling in Thailand.
The phases aim to build a robust materials ecosystem in South-east Asia, enabling better plastic waste collection, recycling and management, and accelerate plastic circularity.
The subsequent phases of the partnership will include sourcing of plastic waste feedstocks in South-east Asia including potential expansion into other parts of the region including China, Korea, Japan, Taiwan, Australia and New Zealand.
The partnership supports Dow's “Transform the Waste” target which aims to transform plastic waste and other forms of alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually by 2030.
It also addresses SCG Chemical’s sustainability goals under the “Low Waste, Low Carbon” initiative, striving for carbon neutrality by 2050.
