Mpact Polymers launched Recycled PET Plant in South Africa

South Africa: Mpact Polymers, a South Africa based joint venture between Mpact and the Industrial Development Corporation of South Africa. The facility is capable of processing 29,000 tons of post-consumer PET bottles annually to produce 21,000 tons of rPET in its Wadeville plant. It is a USD23.2 million facility which fulfils with European Union (EU) Food Safety Authority specifications and has become first of its kind in region to meet The Coca-Cola Company's full certification for PET bottles. It has been supported by South Africa's departments of Environmental Affairs (DEA), Trade and Industry (DTI) and Economic Development (EDD). Additionally, the facility is anticipated to save an estimated 186,000m3 of landfill space and also dropping CO2 emissions of around 53,000 tons every year.

TechSci Research depicts that the new facility will surely add more growth to the flourishing business of the company in PET industry.  The new facility will drive the growth of recycled PET industry in south Africa, create more employment opportunities, control the CO2 emissions and provides an ecofriendly edge to the PET production in the region and globally. Big names like Coca-Cola, ABI and PETCO have joined hands with the company to make its operation sustainable.

According to the recent report published by TechSci Research “China PET & PBT Resins Market Forecast & Opportunities, 2020”, PET & PBT resins market in China is projected to cross USD11.6 billion by 2020. East China provinces such as Shanghai, Anhui, Fujian, Jiangsu, Jiangxi, etc. account for the largest demand for PET and PBT resins in the country. PET & PBT resins demand in China has been witnessing robust growth over the last five years, owing to large market potential and increasing usage in end user industries such as packaging films/sheets, bottling, and electronic and automotive components.