• Home
  • Business
  • Chinese firm launches Sh 4.5 Billion Plastic Recycling Plant in Kenya
Image

Chinese firm launches Sh 4.5 Billion Plastic Recycling Plant in Kenya

A Chinese firm, Weeco recycling company , has launched a Kshs4.5 billion recycling company in Athi River and Mombasa that collect and recycle plastic bottles which are later converted into fiber and garment.

Company Director Wang Zhangyin said that the firm would collect approximately 2000 tonnes of bottles every month as it aims to provide a lasting solution to the challenges posed by post-consumer PET bottles.

Also, we will provide employment opportunities, revenue for the exchequer and improve the standards of living for the collectors who will be supplied to us. We can recycle between 1,000 tonnes and 5,000 tonnes every month having established two processing lines in Nairobi and Mombasa,” Company Director Wang Zhangyin said.

Weeco company signed a partnership contract with PETCO, Kenya PET Recycling Company – the industry body which regulates the management of post-consumer PET packaging in the country.

PETCO Kenya Chairman John Withaka added that the firm had identified other recycling which will boost the firm’s 2019 target of recycling 5,900 tonnes or 247 million bottles,”

Source: Carolyne Tanui

Related Posts

Henos Energy launches first drive-thru LPG outlet in Ghana

Henos Energy has officially commissioned Ghana’s first Drive-Thru Cylinder Distribution Outlet (CDO) at East Legon Hills in Accra,…

Coronation Insurance concludes year-long recapitalisation under new Insurance Act

Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements under the…

CIC Insurance launches new CIC Impact

-To target Kenya’s microinsurance market CIC Insurance Group has officially launched CIC Impact, a specialized microinsurance subsidiary aimed…

Africa50 Appoints Djalal Khimdjee as new CEO, Principal Investment Fund

Africa50, the pan-African infrastructure investment platform, has appointed Djalal Khimdjee as Chief Executive Officer of its Africa50 Principal Investment Fund (formerly Africa50…

Leave a Reply

Your email address will not be published. Required fields are marked *