Total Investment: To be defined after prefeasibility studies
This project aims to develop, build, and operate a chemical recycling plant for hard-to-recover plastics, offering a sustainable and economically viable solution to reduce plastic waste and contribute to Colombia’s decarbonization and circular economy goals.
Objective
To develop and operate a chemical recycling plant capable of transforming non-mechanically recyclable plastics into high-value organic derivatives (such as oils and fuels), promoting the circular economy and reducing environmental pollution.
Key Goals
- Complete the prefeasibility study within the established deadlines.
- Secure investment to advance to the feasibility and construction phases.
- Sign supply agreements for raw materials (plastic waste).
- Obtain environmental licenses and permits prior to the start of construction.
Market Opportunity
Colombia faces a structural deficit in plastic waste management: nearly 70% of plastics are not recycled through mechanical methods. Pyrolysis provides an advanced technology capable of processing this waste and generating marketable products. The increasing regulatory pressure, corporate sustainability goals, and support from Cali City Hall and BID Invest make this project a strategic, low-risk opportunity positioned within the global rise of ESG investments.
ESG Considerations
Environmental: Reduction of plastic waste, resource recovery, and decreased landfill dependency and emissions.
Social: Promotion of green employment, community participation, and public health improvement.
Governance: Alignment with public policies (PGIRS, POT) and environmental regulatory compliance, with support from entities such as BID Invest, Cali City Hall, and the Ministry of Environment.