MOU on chemical recycling project in Indonesia

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Exxon Mobil, PT Indomobil Prima Energi (IPE), and the pyrolysis technology supplier Plastic Energy signed a memorandum of understanding (MOU) on the fringes of the G20 Summit in Bali in mid-November. The companies want to work together to explore building a chemical recycling plant for plastic waste in Indonesia. The project envisioned by the partners would involve a plant with a total annual capacity of up to 100,000 tonnes, with the first phase of the project starting up in 2025, Plastic Energy said. ...

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