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Petrochemical company Blasco Idesa SAPI and plastics recycler Alcamare International Recycling Group S.
de RLde CV have agreed to cooperate with each other to develop recycled food-grade resins
.
Blasco Idesa called the agreement "long-term" in a Sept.
27 press release, adding 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-density and low-density polyethylene at its $5.
2 billion complex in Nachital, Veracruz, which has been operating since 2016
.
Alcamare, which bills itself as the largest paper and plastic recycler in Mexico, reported in 2020 that it had received FDA approval for recycled food-grade PET from its processing plant in Cormonfort, Guanajuato
.
On its website, Alcamare claims to collect 170,000 tonnes of plastic annually, of which 75,000 tonnes are processed and recycled annually
.