KUALA LUMPUR, Sept 21 (Bernama) — PETRONAS Chemicals Group Berhad (PCG), the petrochemical arm of PETRONAS, and ExxonMobil have signed a memorandum of understanding to assess the potential for large-scale implementation of advanced plastic recycling technology to help create a circular economy for plastics in Malaysia. The companies will also evaluate opportunities to support improvements to plastic waste collection and sorting in the country.
Representing PCG at the signing was Ir. Mohd Yusri, Managing Director/Chief Executive Officer, and for ExxonMobil, Dave Andrew, Vice President of new market development.
“PCG has been continuously exploring and implementing innovative technologies to develop sustainable solutions demanded by its customers,” said Ir. Mohd Yusri. “This collaboration is yet another significant step towards the transition into a circular economy on the back of increased demand for circular products and signifies our commitment to use recycled raw materials in the chemical industry.”
