ExxonMobil, PT Indomobil Prima Energi (IPE), an Indonesian-based Indomobil Group subsidiary, and Plastic Energy have signed a memorandum of understanding to assess the potential for largescale 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 will also evaluate opportunities to support improvements to plastic waste collection and sorting in the country.
ExxonMobil 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. At its facility in Baytown, Texas, ExxonMobil 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.
PT Indomobil Prima Energi is a subsidiary of Indomobil Group, which has numerous distributorships, plant facilities, as well as thousands of retail fuel stations. By leveraging IPE’s network and access to local communities, IPE aims to make a difference through the implementation of advanced plastic
recycling technology in Indonesia.
Plastic Energy has two commercial recycling plants in Spain, which use its patented TAC™ process to treat plastics that normally cannot be mechanically recycled, converting them into a feedstock called TACOIL™, used to create virgin-quality plastics. Plastic Energy has several plants under construction in Europe, including a 25,000 metric ton capacity plant in France and an offtake collaboration agreement with ExxonMobil, and an MoU for a new advanced recycling project in Malaysia.