EVENT REVIEW PETplanet Insider Vol. 25 No. 04/24 www.petpla.net 52 of income. If this is not forthcoming, people will turn to any other kind of work to make a living. Laurent Besson, General Manager of Veolia Services Indonesia, also recognises the challenge of collecting raw materials. In Asia, Veolia operates 14 plastics recycling plants with an annual capacity of 250,000t for PET, HDPE, LDPE, PP and ABS. In Indonesia, the company recycles 1.2 billion bottles per year to produce 25kt/y of food-grade rPET. The company’s PlastiLoop sustainability programme is designed not only to secure raw materials but also to support the informal sector by providing social and financial services (e.g. savings accounts), training, PPE equipment and uniforms to promote social recognition. To prove the origin and impact from raw materials to finished products, the company uses an end-toend traceability system using blockchain technology. Another sustainability programme in Indonesia is the Mahija Parahita Nusantara Foundation, a joint initiative between Coca-Cola Europe Pacific Partners Indonesia (CCEP Indonesia) and Dynapack Asia. It was the first closed-loop, food contact-approved PET bottle recycling facility in Indonesia. In the Philippines, Coca-Cola and Indorama Ventures have launched the Tapon to Ipon initiative to supply clear PET plastic bottles to their joint venture, PETValue Philippines. The collection programme uses pop-up booths for post-consumer PET plastic bottles. Consumers can drop off (tapon) their used clear PET plastic bottles of any brand and receive incentives (ipon) in return. The development of the rPET market in Thailand has only just begun. In 2022, the Thai Ministry of Public Health issued Notification No. 435, or “MOPH 435” for short, setting the standard to allow the use of PCR PET for food contact packaging. In 2023, three companies were approved and listed on the Thai FDA’s positive list. The first company was Envicco. Envicco is a joint venture between PTT Global Chemical Public Company Limited, Thailand’s largest petrochemical company, and Alpla, the global rigid packaging specialist. The majority of the feedstock is sourced from the informal sector: drop points, local communities, schools, brand owners, waste community centres and micro-waste collectors. The project covers more than 45 provinces in Thailand. The installed capacity is 30,000 MTA of PCR PET (US FDA, EU EFSA and Thai FDA) and 15,000 MTA of PCR HDPE. Weak end market demand for recycled polymers Source: ICIS virgin and recycled polymer reports, 2024 600 1000 1400 1800 Feb 23 Jun 23 Oct 23 V-PET vs R-PET Prices in Asia (USD/ Tonne) PET Bottle Grade FOB Asia SE Assessment Spot 2- 6 Weeks Full Market Range Weekly (Mid) RPET Pellets, Bottle Grade FOB Asia SE Assessment Container Spot 0-6 Weeks Full Market Range Weekly (Mid)
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