Investment in Chinese plastics recycling venture

Archiv – As the administrator of the Environmental Opportunities Facility, the International Finance Corporation (IFC) has invested US$ 1.2 million of equity in US company MBA Polymers to develop and operate a joint venture plastics recycling facility in Guangzhou, China. As the administrator of the Environmental Opportunities Facility, the International Finance Corporation (IFC) has invested US$ 1.2 million of equity in US company MBA Polymers to develop and operate a joint venture plastics recycling facility in Guangzhou, China.
California-based MBA Polymers claims to have developed the first technology for commercial-scale recycling of highly-mixed waste streams containing high-value plastics, such as those commonly found in discarded consumer durables and electronics. Raw material is converted for reuse into high-value engineering plastics; at the same time, an environmentally attractive processing channel is provided for a resource that would otherwise be destined for landfill or incineration.
The choice of China for its first plastic recycling plant outside the USA represents a strategic element of MBA’s international expansion plans. China is rapidly becoming a leading consumer of durable goods, electronic equipment and vehicles. The world’€™s second largest and most rapidly developing user of plastics, the country has to import more than 50% of its plastics needs. MBA’€™s plant will therefore provide a much more environmentally attractive domestic source.
[inlichtingen]IFC’€™s mission is to promote sustainable private sector investment in developing countries, helping to reduce poverty and to improve people’€™s lives.