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Plastic Recycling

Plastic recycling

According to the report of the United Nations, only 6% of the approximately 9 billion tons of plastic manufactured around the world has been recycled. Most plastic waste is incinerated, buried, or disposed of, severely impacting the natural environment. Approximately 10-20 million tons of plastic waste flows into the ocean every year. If it is not put under control, the amount of plastic waste in the ocean will be as heavy as all fish by 2050, causing an ecological catastrophe.

To fulfill its corporate social responsibility and create an excellent living environment, FPG reduces plastic from the source (e.g. Formosa Plastics Corporation will suspend the supply of disposable plastics in 2025), setting out from the perspective of circular economy and actively implementing plastic recycling and reuse to achieve the goal of plastic reduction.

 

Waste plastic recycling and reuse

Plastic bottles and fishing nets are the two main sources of plastic waste around the world. Nan Ya Plastics Corporation and Formosa Chemicals & Fibre Corporation have been actively developing plastic bottles and fishing nets (oyster ropes) recycling and re-production technologies over the years, transforming a large amount of waste into recycled products:

Waste plastic bottle recycling and reuse

It takes 450 years to degrade plastic bottles in the natural environment. Combined with the massive amount of plastic bottles, it has a high impact on the environment. Nan Ya Plastics Corporation has the technology to transform waste plastic bottles into polyester chips and polyester filament, which can be used to produce clothing, containers, and film products. Products that are recycled and re-produced generate significantly less carbon emissions compared to virgin products.

Nan Ya Plastics Corporation processed approximately 8.7 billion waste plastic bottles in 2021, which is able to reduce carbon emissions by 188 thousand tons/year, approximately 482 times the carbon absorption of Da'an Forest Park.

 

Total products recycled in 2021

0

tons
 
Equal to approximately 8.7 billion plastic bottles, which is enough to circle the planet 148 times
 

Reduction of CO2 emissions in 2021

0

tons/year
 
Equivalent of approximately 482 times the carbon absorption of Da'an Forest Park
 

Waste fishing nets (oyster ropes) recycling

Waste fishing nets (oyster rope) not only pollutes the marine environment, but also causes a crisis for the survival of marine biology. In the past, there was no effective way to recycle and reuse waste fishing nets. Formosa Chemicals & Fibre Corporation developed chemical recycling technology to resolve this dilemma, and re-produced waste fishing nets (oyster ropes) into eco-friendly nylon filament, which can be used to produce high quality clothing, making it one of the few companies around the world capable of recycling waste fishing nets.

 

Formosa Chemicals & Fibre Corporation's
capacity for processing waste
nylon fishing nets (oyster ropes) is
9,000 tons/year

(Will be expanded to 15,000 tons/year in 2023)

 

Recycling of other waste plastic

Companies strive to develop waste recycling and reuse technologies to recycle and reuse resources and achieve zero waste, for example:

  • Corporation
    Waste
    Recycling and reuse

  • Formosa Plastics Corporation

    Diapers

    Jointly developed a new "recyclable diaper" with a diaper manufacturer (Fuburg). Recyclables are divided into pulp, plastic, and SAP, and made into industrial paper, plastic products, and solid fuel.

  • Formosa Plastics Corporation

    Milk Bottle

    Recycled materials are mixed and made into compounds using proprietary technology for downstream suppliers to process into materials for making detergent containers, fully reusing waste plastic.

  • Formosa Plastics Corporation

    PP Woven Bag

    After woven bags are recycled, they are made into compounds using proprietary technology for vendors to process into woven bags, forming a recycling and reuse system.

  • Nan Ya Plastics Corporation

    Waste Clothing

    Current recycling technologies can transform polyester greige fabrics, finished fabric, leftover bits and pieces, and old clothing into recycled polyester filament, forming a textile recycling chain.

  • Nan Ya Plastics Corporation

    Industrial Release Film

    After recycling used release film, ceramic slurry is removed, and then it is made into recycled polyester chips, which is used as raw materials for making polyester fabric and electronics products.

  • Formosa Chemicals & Fibre Corporation

    Home Appliances, Electronics Products

    After waste home appliances and electronics products are recycled, they are made into compounds using proprietary technology for vendors to process into new home appliances and electronics products, forming a recycling and reuse system.

  • Formosa Petrochemical Corporation

    Mixed Plastics

    Currently developing chemical recycling technology for waste plastics, transforming low quality waste plastic with many impurities that are hard to separate and recycle into oil products and petrochemical materials. Besides resolving the difficulty with recycling mixed waste plastics, it also reduces carbon emissions.

  • Formosa Biomedical Technology Corporation

    HDPE Detergent Container

    Recycled plastic containers are processed into pellets for detergent containers, reducing the use of plastic and creating a circular economy.