ExxonMobil; PT Indomobil Prima Energi (IPE), an Indonesian-based Indomobil Group subsidiary; and Plastic Energy, an advanced recycling company, sign a memorandum of understanding at the sidelines of the G20 Bali Summit to assess the potential for large-scale implementation of advanced plastic recycling technology in Indonesia. The advanced recycling capacity being assessed as a part of the collaboration is expected to be 100,000 metric tons per year, with the first phase starting up in 2025. The companies reportedly will also evaluate opportunities to support improvements to plastic waste collection and sorting in the country.
Represented at the signing were Irtiza Sayyed, president of ExxonMobil Indonesia and president of Low Carbon Solutions for ExxonMobil Asia Pacific Pte Ltd; Gerry Kertowidjojo, president director of IPE; and Carlos Monreal, founder and CEO of Plastic Energy. The signing was witnessed by U.S. Ambassador for Republic Indonesia H.E. Sung Y. Kim and Indonesia’s Coordinating Minister for Maritime and Investment Affairs H.E. Luhut B. Pandjaitan; Jack Williams, senior vice president, Exxon Mobil Corporation; and Dave Andrew, vice president of new market development at ExxonMobil.
“Plastics help to raise living standards around the world, including in Indonesia, given their critical use in agriculture, food packaging, medical equipment and more,” says Dave Andrew of ExxonMobil in a press release from the company. “Leveraging new technologies and the expertise of our combined organizations, we can accelerate a circular economy for plastics in the region, so that more plastics can be turned into new products instead of ending up in the environment.”
ExxonMobil reportedly plans to build approximately 500,000 metric tons of advanced recycling capacity at its integrated manufacturing facilities around the world by year-end 2026, including in the U.S., Canada, Europe and Asia Pacific, according to the company. At its facility in Baytown, Texas, ExxonMobil says it has processed more than 6,700 metric tons of plastic waste since startup up in 2021 and is on track to complete large-scale expansion of the facility by the end of this year. ExxonMobil has also signed a memorandum of understanding to assess large-scale implementation of advanced recycling in Malaysia and is collaborating with Plastic Energy on an advanced recycling plant in France.
Read the press release at: www.exxonmobil.com
