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ExxonMobil, IPE, Plastic Energy ink deal to accelerate plastic recycling in Indonesia
ExxonMobil, Indomobil Group subsidiary PT Indomobil Prima Energi (IPE) and leading chemical recycling company Plastic Energy signed a memorandum of understanding on the sidelines of the G20 Bali Summit
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ExxonMobil Indonesia president Irtiza Sayyed (third left), who is also ExxonMobil’s Asia Pacific president for low carbon solutions, Indomobil Prima Energi president director Gerry Kertowidjojo (fourth left) and Plastic Energy founder CEO Carlos Monreal (fourth right) sign a memorandum of understanding (MoU) on advanced plastic recycling on Nov. 13 in Nusa Dua, on the sidelines of the Group of 20 Bali Summit, with witnesses (from left) Energy and Mineral Resources Minister Arifin Tasrif and Coordinating Maritime and Investment Affairs Minister Luhut B. Pandjaitan. The signing ceremony was also witnessed by (from third right) United States Ambassador to Indonesia Sung Y. Kim, ExxonMobil Corp. senior vice president Jack Williams and ExxonMobil Corp. vice president of new market development Dave Andrew.
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xxonMobil, Indomobil Group subsidiary PT Indomobil Prima Energi (IPE) and leading chemical recycling company Plastic Energy signed a memorandum of understanding on the sidelines of the G20 Bali Summit to assess the potential for the large-scale implementation of advanced plastic recycling technology in Indonesia to help accelerate development of a plastics circular economy in the region.
Indonesia’s advanced recycling capacity is estimated at 100,000 metric tons per year for the collaboration, the first phase of which is slated to kick off in 2025. The three signatories will also evaluate opportunities for improving plastic waste collection and waste sorting in the country.
Signing the landmark MoU were ExxonMobil Indonesia president Irtiza Sayyed, who is also the low carbon solutions president at ExxonMobil Asia Pacific Pte. Ltd., IPE president director Gerry Kertowidjojo and Plastic Energy founder CEO Carlos Monreal. Indonesian Coordinating Maritime and Investment Affairs Minister Luhut B. Pandjaitan and Energy and Mineral Resources Minister Arifin Tasrif witnessed the MoU.
United States Ambassador to Indonesia Sung Y. Kim was also present at the signing ceremony, alongside senior vice president Jack Williams and vice president of new market development Dave Andrew from ExxonMobil Corp.
“Plastics help to raise living standards around the world, including in Indonesia, given their critical use in agriculture, food packaging, medical equipment and more,” said ExxonMobil’s Andrew.
“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.”
IPE president director Gerry said: “Indomobil Prima Energi is committed to realizing a circular economy to create a better sustainable future. This initiative is a collective notion that calls for action and synergy from all stakeholders in playing [their] part in a responsible society.”
Meanwhile, Plastic Energy’s Monreal stressed solutions for plastic pollution.
“Indonesia and the Asia-Pacific region is an area of the world that is greatly impacted by plastic waste. With this MoU with ExxonMobil and Indomobil Prima Energi, we aim to utilize our unique and patented advanced recycling technology to provide a solution for recycling plastic waste in Indonesia, helping to curb plastic waste and promote a more circular economy for plastics.”
ExxonMobil plans to build a 500,000-tonne capacity advanced recycling facility at its integrated manufacturing centers around the world by the end of 2026, including in the US, Canada, Europe and Asia Pacific. At its facility in Baytown, Texas, ExxonMobil has processed more than 6,700 tonnes of plastic waste since operations began in 2021, and is on track to complete the Baytown facility’s large-scale expansion by the end of this year.
ExxonMobil has also signed an MoU to assess the potential for large-scale implementation of advanced recycling in Malaysia, while it is already collaborating with Plastic Energy on an advanced recycling plant in France.
Indomobil Group subsidiary IPE has numerous distributorships, plants and thousands of retail fuel stations. By leveraging IPE’s network and access to local communities, IPE aims to make a difference by installing advanced plastic recycling technology in Indonesia.
Meanwhile, Plastic Energy, one of the world’s leading advanced recycling companies, operates two commercial recycling plants in Spain that use its patented TAC™ process to treat plastics that normally cannot be mechanically recycled. The process converts the plastics into a feedstock called TACOIL™, used in creating virgin-quality plastics.
The company also has several plants currently under construction in Europe, including a 25,000-tonne plant in France and an offtake collaboration agreement with ExxonMobil that includes an MoU for a new advanced recycling project in Malaysia.
