20 January 2011 23:11 [Source: ICIS news]
MEXICO CITY (ICIS)--Anguiplast's recycling plant completed on Thursday its first day of operations in Arandas, Jalisco in Mexico.
The Mexico pesos (Ps) 25m ($2m, €1m) plant can produce roughly 600 tonnes/month of recycled plastic.
The plant was backed by Mexican plastics and packaging association Inboplast. The Anguiplast plant was the first of 23 such plants the association has pledged to help open across Mexico over the next two years.
The new plant is part of Inboplast's national sustainable investment programme that it announced last year. The programme will entail a total investment of approximately $10.3m.
Inboplast plans to recycle 40% of the nation's recyclable waste within three years under the plan.
Currently, only 18% of the raw materials used by the Mexican plastics industry has been recycled, according to a statement from Inboplast chief Juan Antonio Hernandez.
He went on to add that Mexico produces roughly 60,000 tonnes of plastic bags from 890 companies in the country, and that 14.4% of those hail from 128 plants in Jalisco.
If Mexico properly separated its wastes, it could produce 124,000 tonnes/year of raw materials at a value of $200m.
($1 = Ps12.09)
($1 = €0.74)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections