Dow and SCG Chemicals, or SCGC, announced the signing of a memorandum of understanding, or MOU, circularity partnership in the Asia Pacific region to transform 200KTA of plastic waste into circular products by 2030. 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. The initial phases are expected to include establishing a value growth partnership for post-consumer recycled materials with current suppliers, and developing technology solutions in waste sorting, MR and AR in Thailand. The phases aim to build a materials ecosystem in South-east Asia. The parties anticipate that 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.
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