Petrochemicals company Braskem Idesa S.A.P.I. and plastics recycler Alcamare International Recycling Group S. de R.L. de C.V. have agreed to cooperate with each other to develop recycled food-grade resins.
Braskem Idesa described the agreement as "long term" in a Sept. 27 news release, and added that it would give it access to a "new, select market" of high quality recycled materials.
The Brazilian-Mexican joint venture produces ethylene and high and low density polyethylene at its $5.2 billion complex in Nanchital, Veracruz, operational since 2016.
Alcamare, which describes itself as Mexico's largest recycler of paper and plastics, reported in 2020 that the recycled food-grade PET produced at its processing plant in Comonfort, Guanajuato state, had received U.S. Food and Drug Administration approval.
On its website, Alcamare claims to collect 170,000 metric tons of plastic a year, of which it processes and recycles 75,000 metric tons a year.