KUALA LUMPUR, Oct 10 -- Cypark Resources Bhd (Cypark) and Petronas Chemicals Group Bhd (PCG) will join forces in the development of Solid Waste Modular Advanced Recovery and Treatment (SMART) Waste-to-Energy (WTE) projects in Malaysia.
Under the memorandum of understanding (MoU), both Cypark and PCG would evaluate potential collaboration on waste to energy projects, including the establishment of WTE plants, the companies said in a joint statement here today.
The collaboration is driven by the government’s objective of having at least one WTE facility in each state.
“The MoU aims to establish our collaboration in WTE projects, particularly in setting up plants in Malaysia to process municipal waste for electricity generation,” Cypark executive chairman Tan Sri Razali Ismail said.
He added that both companies would be able to leverage each other’s knowledge, experience and capabilities, while identifying and exploring commercial opportunities in relation to the provision of solid waste management.
Meanwhile, PCG managing director and chief executive officer Datuk Sazali Hamzah said the company is looking forward to the strategic collaboration as it is in line with its initiative towards the New Plastics Economy global commitment in support of the United Nations’ Sustainability Development Goals.
“This MoU marks our second partnership in realising our aspiration to be a solutions partner in addressing plastics pollution in Malaysia.
“In June, we entered into a partnership to jointly perform a feasibility study to establish a facility that converts plastic waste into crude naphtha for the production of recycled virgin-quality plastics.
“We are committed to support the country in developing a Circular Economy Roadmap through the ‘Malaysia Plastics Pact’ by the Ministry of Energy, Science, Technology, Environment and Climate Change,” he said,
Cypark is the market leader in environmental engineering, renewable energy and green technology businesses in Malaysia, while PCG, the petrochemical arm of Petronas, is keen to realise SMART WTE projects in Malaysia as part of its initiative to provide solutions for effective plastics waste management.