New Recycling Plant in Vietnam

Alba Group Asia and VietCycle intend to develop the largest food-grade PET/HDPE plastic recycling plant in Vietnam.

For that purpose, Alba Group Asia, one of the leading providers of waste management and recycling solutions with German origin, and VietCycle, a firm with more than 20 years of experience in waste collection and plastic recycling in Vietnam, have signed a cooperation agreement.

Both companies plan to develop a facility, which will have an estimated capital expenditure (CAPEX) of up to 50 million US-Dollar and a capacity of up to 48,000 tons/year. In the plant, advanced technology would be used to produce food-grade PET/HDPE resin to meet international standards set by the EU and adopted by many multinational corporations. The first phase of operations is expected to start in 2024/25.

The partnership would enable the expansion of VietCycle’s network, “which will rapidly increase the number of informal waste collectors across Vietnam. Gender equality and social inclusion in the plastics recycling sector are among the key goals that the partnership is aiming to achieve”, a joint press release said. “Besides the promising business partnership, its economic effects, and the substantial contribution to Vietnam’s effort to combat climate change, the expansion will allow both Alba and VietCycle to reach out to more disadvantaged collectors and improve their lives by providing them with training and social insurance benefits. For this purpose, the Alba Berlin Academy Asia, which was founded by the Berlin basketball club and is already active in ten countries, is to be integrated to combine existing offers with its school, sports, and training program.”,

(Published in GLOBAL RECYCLING Magazine 2/2023, Page 16, Photo: Alba Group Asia)