PetChem inks MoU with AFES


Petronas Chemicals Group Bhd MD/CEO (third from left) and AFES director Datuk Mohd Zain Hassan (fourth from left).

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) and Alam Flora Environmental Solutions Sdn Bhd (AFES) are collaborating for the supply of plastic waste, food waste and evaluating potential partnership to build waste segregation facilities in Malaysia.

In a statement, PCG said the collaboration was formalised with both parties signing a memorandum of understanding (MoU) detailing the framework of their mutual cooperation.

Under the MoU, AFES will 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 manufacturing of high value fertiliser for sustainable agriculture.

PCG managing director/chief executive officer Mohd Yusri Mohamed Yusof said the shift towards a circular economy required action from a broad range of stakeholders, from those involved in production and manufacturing to end-users of products as well as those in the waste management industry.

“The positive participation from these organisations to collaborate in unlocking the value within the solid waste ecosystem in Malaysia, is testament to the economic and social shift within the industry in understanding the latent value hidden in waste material.

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

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.”

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