SCG Chemicals Taps into Recycled Plastic Market in Europe with Portugal' Sirplaste

SCG Chemicals Taps into Recycled Plastic Market in Europe with Portugal' Sirplaste

Date: 25 Jan 2022

SCG Chemicals has expanded its circular economy ambitions, according to ESG principles, signing the Share Purchase Agreement to purchase shares in Sirplaste, a leading plastic recycler in Portugal. This will enable Chemicals Business to further develop recycling technology for high-quality post-consumer recycled resin (PCR) and expand the distribution to other continents to meet the rising demand for PCR. The approach also aims at promoting resource efficiency and reducing global warming effects.