PetChem signs MoU with chemical recycling firm

In a related development, the Employees Provident Fund (EPF) sold 25 million shares of its holdings in Petronas Chemicals on Nov 3.

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has inked a memorandum of understanding (MoU) with chemical recycling company Plastic Energy Ltd to collaborate in addressing plastic waste in Malaysia that is unable to be recycled by conventional means.

Both companies will jointly perform a feasibility study to establish a facility to convert plastic waste into Tacoil, which is Plastic Energy’s optimal feedstock.