KUALA LUMPUR: Petronas Chemicals Group Bhd is partnering with Cypark Resources Bhd to develop solid waste modular advanced recovery and treatment (SMART) waste-to-energy (WTE) projects in Malaysia.
Both firms have signed a memorandum of understanding to evaluate potential collaboration on waste to energy projects, including establishment of WTE plants.
Cypark has pioneered Malaysia’s first SMART WTE plant in Ladang Tanah Merah, Port Dickson in Negri Sembilan.
Petronas Chemicals, on the other hand, is keen to realise SMART WTE projects in Malaysia as part of its initiative to provide solutions for effective plastics waste management.
Petronas Chemicals managing director and chief executive officer Datuk Sazali Hamzah said the firm looks forward to the strategic collaboration as it is in line with its initiative towards New Plastic Economy in support of the United Nations’ Sustainability Development Goals.
“This MoU marks our second partnership in realising our aspiration to be a solutions partner in addressing plastics pollution in Malaysia.
“We are committed to support the country in developing a Circular Economy Roadmap through the ‘Malaysia Plastics Pact’ by the government,” he said in a statement.
Earlier in June, Petronas Chemicals entered into a partnership to jointly perform a feasibility study to establish a facility that converts plastic waste into crude naphtha for the production of recycled virgin-quality plastics.
Cypark executive chairman Tan Sri Razali Ismail said the firm is looking for a strategic partner in ensuring its long-term business sustainability.
“The MoU aims to establish our collaboration in WTE projects, particularly in setting up plants in Malaysia to process municipal waste for electricity generation,” he said.
The two firms would be able to leverage on each other’s knowledge, experience and capabilities while identifying and exploring commercial opportunities in relation to the provision of solid waste management, he added.