The company has now confirmed the recycling facility will focus on mechanical recycling of polyethylene terephthalate (PET) bottles and will be located in the Midwest Mega Commerce Center in Fayette county, Ohio.
Per the most recent update, the tentative installed capacity will be able to process up to 40,000 tonnes/year of plastic waste. In terms of feedstock sourcing, PTTGC did sign a nonbinding memorandum of understanding (MoU) with waste management company Rumpke in May of 2022.
Though plans for the facility were announced nearly a year ago, the project has yet to reach final investment decision.
New to the recycling space, PTTGC is one of Thailand's largest petrochemical and refining companies. Several years ago, PTTGC announced plans to build a large petrochemical complex in Ohio, though investment discussions are still underway.
We remind, in 2023, PTT Plc's PTT Global Chemical Plc (PTTGC) aims to raise the production of petrochemical products by 15% to serve expanding demand after the pandemic. Demand is predicted to return to levels observed before the pandemic.