USTDA awards grant for plastic recycling project in Thailand
In Thailand, the U.S. Trade and Development Agency (USTDA) announced it has awarded a $695,820 grant to Thailand’s VAO Energy for a feasibility study to develop a large plastic recycling facility with the aim of strengthening Thailand’s waste management efforts and reduce greenhouse gas emissions.
“USTDA fully supports Thailand’s ambitious goals to combat the economic and environmental consequences of plastic pollution,” said Enoh Ebong, USTDA’s Director. “Our assistance will catalyze private sector investment in highly innovative plastic recycling technologies that U.S. companies are well positioned to supply.”
USTDA’s study will help VAO develop a facility to process plastic waste using a high-temperature process called pyrolysis. The resulting value-added product, pyrolysis oil, is an alternative to traditional fossil fuels that can be used for industrial purposes, the agency said.
The USTDA also noted that the project will also advance Thailand’s Bio-Circular-Green economic model for inclusive and sustainable growth. “The model focuses on employing technology and innovation to transform the country to a value-based and innovation-driven economy in the bioenergy, biomaterial and biochemical sector,” the agency said.
Category: Policy
