PetChem-Alam Flora in circular economy tie-up


“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,” PetChem managing director Mohd Yusri Mohamed Yusof said

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) and Alam Flora Environmental Solutions Sdn Bhd (AFES) are collaborating to unlock the value of plastic and food waste 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 or PE and polypropylene or PP for PetChem to produce circular products.

These products 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 yesterday.

This signing followed the two MoUs that PetChem had inked with KDEB Waste Management and One Biosys Sdn Bhd for a similar collaboration earlier this year.

These further strengthened PetChem’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,” PetChem managing director Mohd Yusri Mohamed Yusof said in a statement.

He said the positive participation of these organisations in collaborating to unlock the value within the solid waste ecosystem in Malaysia was 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 PetChem’s and the United Nations’ Sustainable Development Goals. — Bernama

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