Name and Location
Polyethylene terephthalate (PET) recycling plant, Gauteng, South Africa.

Client
The PET recycling plant will be part of Mpact Polymers, a newly formed operating entity within Mpact.

Project Description
Mpact has announced a major move into plastics recycling with the unveiling of plans for a state-of-the-art PET recycling plant.

The new plant will process about 29 000 t of recycled PET (rPET) plastic bottles a year, generating 21 000 t of new raw material directly from what has previously been considered waste material that would have been sent to landfill sites. This will amount to a saving of about 180 000 m³/y of landfill space, the equivalent of 75 Olympic-size swimming pools.

Amalgamated Beverage Industries will be the anchor customer for the rPET produced by the plant. Other customers include Mpact Plastics operations and those who will convert rPET directly into preforms, bottles, jars and food trays.

Value
R350-million.

The Industrial Development Corporation has provided loan funding of R210-million in debt and R30-million for its equity stake of 21% in Mpact Polymers. The Department of Trade and Industry has approved a Section 12I tax incentive.

Duration
The new plant is expected to be commissioned during the second half of 2015.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Mpact, tel +27 11 418 6000 or fax +27 11 827 5958.