Technology Features & Specifications
The technology utilizes the PET chemical recycling method to treat PET waste. This method enables waste to be recycled into valuable feedstock. Additionally, the use of chemical recycling method allows all types of PET waste to be treated unlike PET mechanical recycling method.
The glycolysis method utilized in the chemical recycling technology is widely used in PET recycling as it can be conducted over a broad range of temperature. Furthermore, this method can produce Oligomer and Polyol which are valuable raw materials for value-added goods.
The technology is also easy to operate and eco-friendly. It can be used in complement to PET mechanical recycling method.
- Food and beverage bottles (Food contact & non-food contact)
- Textiles and fabrics
- Fibre fill (pillows, cushions)
- Strapping Bands
Market Trends and Opportunities
The global plastic recycling market is forecasted to grow at a CAGR of 6.5% from 2017 to 2023, with market size projected to reach US$54bn by 2023. In addition, PET market occupies a significant market share in the plastic market, expected to reach a market value of US$38bn by 2023. These indicate significant potential growth and opportunities in the PET recycling market to maximize PET waste.
- Treat all types of PET waste
- Transform PET waste into valuable feedstock
- Reduce the secondary waste produced
- Save on operation costs