Mr. Kongkrapan Intarajang, Chief Executive Officer and President of PTT Global Chemical Public Company Limited or GC, revealed that Envicco Company Limited (ENVICCO Limited, a joint venture between GC and ALPLA, a leader in the plastic packaging business and recycled plastic) is pending approval of a license from the Food and Drug Administration (FDA) to support the safety standards for the use of rPET and rHDPE recycled plastic resin for forming food and beverage packaging. It is expected to be approved in the first quarter of 2023, allowing the company to increase its capacity utilization to 60-80% from the current capacity of 40% and result in additional investment worthiness. climb
“The plastic recycling factory in 2023 will make it more integrated. Encourage villagers to take part in creating a habit of sorting waste. To help with the environment and also help build the community economy. This will be a sustainable business.”
Mr. Natthanan Sirirak, managing director of Envicco Co., Ltd., said recycled plastic costs 20-30% higher than conventional plastic, but customers should manage costs by allocating budgets and social enterprise (CSR) budgets. join in the production Because if compared to the entrepreneurs being hit by a tax wall from Europe that requires exporters to Europe to use recycled plastics as ingredients to reduce global warming There will be a tax rate of about 800 euros per ton that will be enforced by 2023, so the use of recycled plastics will be more worthwhile than being taxed.
“At present, this factory is mainly produced for export, about 70%, and about 30% is sold to domestic entrepreneurs, earning hundreds of millions of baht in revenue. It is expected that when the FDA is received next year, it will result in revenues growing past a billion baht. from increasing production capacity of recycled plastic pellets The company has already negotiated with more than 10 customers to support the use of recycled plastic to support the increased production capacity of recycled plastic in 2023.”
Envicco Factory Produces high quality recycled plastic pellets, food grade level, certified by the US Food and Drug Administration (US Food and Drug Administration: US FDA) for the first time in Thailand. and the largest in Southeast Asia Located at Map Ta Phut Industrial Estate, Rayong Province, with a production capacity of recycled plastic pellets up to 45,000 tons per year, divided into 30,000 tons of rPET plastic pellets per year and 15,000 tonnes of rHDPE plastic pellets per year, using domestically used plastic as raw materials. in 100% production, which after the plant has opened for commercial operation It can help reduce plastic waste in Thailand by up to 60,000 tons per year, reducing greenhouse gas emissions by 75,000 tons of carbon dioxide equivalent. This is equivalent to reforesting approximately 78,000 rai or planting more than 8.32 million trees.