HO CHI MINH CITY, VIETNAM (Updated July 25, 11:30 a.m. ET) — Vietnam's Thanh Tai Gas Co. is investing US$15 million to set up what it says is the country's first complete PET recycling plant with the capability to produce FDA-approved food grade material, using equipment from American supplier Bepex International LLC.
Thanh Tai plans to have the first line operating by January, with a second parallel production line set up later, Bepex said in a July 11 statement. The system will have capacity to recycle up to 1.5 billion PET bottles a year.
Thanh Tai, based in
The facility will be built about 30 kilometers outside of
The company said it will collect PET from throughout
Bepex, based in
Thanh Tai officials said they wanted technology that could produce material for a range of applications, including food grade but also fiber and carpet.
Thanh Tai, which has about US $50 million in annual sales, said it is one of
In September, it plans to start manufacturing plastic composite gas cylinders in
The company has diverse business interests, including recycling polypropylene and various grades of polyethylene, manufacturing plastic boxes and steel gas cylinders, and it has a warehouse business for storage of general imported and exported products.
Bepex makes industrial scale process equipment for the food, chemical, mineral and polymer industries.
Bepex said it sees growing demand for bottle-to-bottle and food contact recycled PET in
“As the B2B market increases, producers of recycled PET flake and pellets are looking to be ahead of this demand curve,” said Rob Grady, Bepex's director of marketing for thermal products. “Investing in PET recycling plants that can meet the current demand of the industrial markets with the ability to meet the current and future demand of the B2B market is a critical consideration.”
Bepex said its system provides the flexibility to produce multiple grades of recycled PET from one production line.