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Kenyan Manufacturers Launch PET Recycling Initiative

BY Soko Directory Team · June 6, 2018 09:06 am

Manufacturers in Kenya have teamed up to form an organization that will coordinate initiatives to collect, sort and recycle PET bottles and containers, in a move that is a significant boost to environmental conservation efforts in the country.

PET Recycling Company Ltd (PETCO Kenya), launched on the sidelines of the events to mark the 2018 World Environment Day celebrations, is the culmination of private sector engagements to introduce a sustainable polyethylene terephthalate (PET) industry value chain that will ensure that the environment remains clean while providing employment for thousands in the recycling value chain.

PETCO will focus on the sustainable management PET material after their initial use and has already partnered with recyclers who are already coming up with new products out of disposed of PET material. Each of these companies represented in PETCO Kenya will contribute an extended producer responsibility (EPR) fee that will be used to generate subsidies for recyclers in Kenya.

The local plastics industry currently imports 20,000 tonnes of PET annually and is estimated to grow at a rate of 10 percent each year. The industry is currently achieving a recovery and recycling target of just around 5 percent of what is consumed. PETCO Kenya aims to achieve recovery and recycling rate of 25 percent in 2018 and 70 percent by 2030.

PETCO Kenya is based on the successful global models of voluntarily extended producer responsibility, which has seen the collection and recycling of PET in the country grow significantly years while minimizing the waste stream and benefitting the environment.

For instance, through the efforts of PET Recycling Company (PETCO), which Coca-Cola helped to set up, more than two billion PET bottles were collected and recycled in South Africa in 2017. This equates to a 65 percent – rates close to European rates and that exceed United States recycling rates by more than 20 percent. 

PETCO in South Africa also helped to secure investment for two world-class recycling facilities that create bottles out of recycled PET for use in the beverage industry.

These facilities create a recycled PET for the beverage industry to use in the manufacturing of their bottles. This has resulted in an estimated 288,000m3 of landfill space saved and more than 1,500 new income opportunities have been created through these two investments.

 

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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