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BUSINESS

Petronas Chemicals, Alam Flora team up in efforts towards circular economy

30/06/2022 07:38 PM

KUALA LUMPUR, June 30 (Bernama) -- Petronas Chemicals Group Bhd (PCG) and Alam Flora Environmental Solutions Sdn Bhd (AFES) are collaborating to unlock the value of plastic and food wastes and are evaluating a potential partnership to build waste segregation facilities in Malaysia.

They have signed a memorandum of understanding (MoU) for AFES to supply plastic waste that consists of polyethylene (PE) and polypropylene (PP) for PCG to produce circular products, which will be used in food packaging, healthcare, and industrial applications.

AFES will also supply organic and food waste for the purpose of research and development towards the potential manufacture of high-value fertiliser for sustainable agriculture, the companies said in a joint statement today.

This signing follows the two MoUs that PCG inked with KDEB Waste Management and One Biosys Sdn Bhd for a similar collaboration earlier this year, thus further strengthening PCG’s commitment towards the circular economy.

“We are delighted with our partnership with AFES. The shift towards a circular economy requires action from a broad range of stakeholders, from those involved in production and manufacturing through to end users of products as well as those in the waste management industry,” PCG managing director Mohd Yusri Mohamed Yusof said in the statement.

He said the positive participation of these organisations in collaborating to unlock the value within the solid waste ecosystem in Malaysia is a testament to the economic and social shift within the industry in understanding the latent value hidden in waste materials.

“With this MoU, we continue to accelerate our initiatives towards the circular economy in ensuring sustainable consumption and production of plastics,” he added.

Meanwhile, AFES director Datuk Mohd Zain Hassan said: “Creating a sustainable environment is the cornerstone foundation of our business, and our goals are well-aligned with those of PCG’s and the United Nations’ Sustainable Development Goals.

“By combining our expertise in holistic environmental solutions and resources together with PCG, we are optimistic that this collaboration will contribute significantly towards the sustainable future of the nation and become a significant milestone for the healthy growth of the circular economy here in Malaysia.”

-- BERNAMA


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