Vietnam plastic recycling factory churns out 18,200 tons

By Lan Do
Wed, November 15, 2023 | 9:55 am GMT+7

Duy Tan recyling factory in Vietnam's southern province of Long An collected and recycled 18,200 tons of plastic waste, equivalent to 1.6 billion plastic bottles, in the first ten months of this year.

During that time, Duy Tan Plastic Recycling JSC exported 9,600 tons of plastic resin products to 12 countries, while 7,100 tons went for domestic use, said Le Anh, director of sustainable development for the company, during the "Green experience tour" at the factory last week.

Plastic waste at Duy Tan Recycling factory in Long An province. Photo courtesy of Vietnam’s Association of High Quality Enterprises.

Plastic waste at Duy Tan Recycling factory in Long An province. Photo courtesy of Vietnam’s Association of High Quality Enterprises.

Vietnam’s Association of High Quality Enterprises and Vietnam’s Business Studies and Assistance Center organized the tour to create an opportunity to share information, knowledge, and practical experience about circular economy models, and green, sustainable economies.

According to information from the company, each year, Vietnam generates 3.3 million tons of plastic waste, of which only 27% is collected and 10% is recycled. Faced with that situation, Duy Tan recycling factory was built on an area of 65,000 m2 with an investment of $60 million. The design capacity is 100,000 tons per year.

Le Anh said the factory meets 90% of the "three no's" standards, which are no emissions, no waste, and no wastewater. In particular, 90% of wastewater after being treated is returned to the production process, while 10% is used for landscaping purposes, and no wastewater is sent to the general treatment system at the industrial zone.

Challenges in collecting plastic waste

Recycled plastic businesses also face many challenges. The cost of products made from recycled plastic is still about 30% higher than that of virgin plastic. Another challenge is that raw materials must meet standards, ensuring that the output meets the strict requirements of purchasing partners.

According to Le Anh, raw materials are often mixed with many impurities and do not meet standards. Substandard classification increases the loss rate in Duy Tan's production process by up to 40–45%, which is the main reason why recycling costs remain high. To reduce waste rates and optimize the production process, Duy Tan is making efforts to purchase qualified waste materials.

Currently, Duy Tan has applied a set of purchasing criteria to more than 100 waste barns in the south, with an output of about 3,000 tons/month. This policy aims to ensure stable output for purchasing partners and create favorable conditions for the transition process and support agents in the process of purchasing plastic scrap materials.

Comments (0)
  • Read More
Novaland says southern Vietnam projects under construction after customers lodge police complaints

Novaland says southern Vietnam projects under construction after customers lodge police complaints

Responding to Ho Chi Minh City police requests for project documents, Vietnam real estate major Novaland says all its projects in southern Vietnam provinces are under construction.

Real Estate - Wed, May 8, 2024 | 5:32 pm GMT+7

Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities

Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities

Vietnamese currency dong (VND) is likely to appreciate against the U.S. dollar towards the year-end, narrowing its year-to-date depreciation, analysts with Vietcombank Securities say.

Banking - Wed, May 8, 2024 | 4:00 pm GMT+7

Testing food packaging is a vital step toward ensuring food safety and hygiene: exec

Testing food packaging is a vital step toward ensuring food safety and hygiene: exec

Packaging types that come into direct contact with food are at risk of becoming contaminated with dangerous compounds which are potentially harmful to human health, said Devender Singh, global innovation & technical development leader of food testing company Eurofins Sac Ky Hai Dang Company Limited.

Companies - Wed, May 8, 2024 | 3:34 pm GMT+7

Green products key for An Phat Bioplastics to dominate market: chairman

Green products key for An Phat Bioplastics to dominate market: chairman

An Phat Bioplastics JSC, listed on the Ho Chi Minh Stock Exchange (HoSE) as AAA and a subsidiary of Hanoi-headquartered An Phat Holdings, will focus on researching and developing new products to diversify its green product portfolio and quickly dominate export markets, said its chairman Nguyen Le Thang Long.

Executive Talk - Wed, May 8, 2024 | 2:24 pm GMT+7

Vietnam logistics firms small but dynamic: insider

Vietnam logistics firms small but dynamic: insider

Foreign-invested enterprises hold the lion's share of Vietnam's logistics market, but domestic firms are becoming more dynamic despite their small scale, said Duong Quang Duy, CEO of VietAviation Logistics.

Economy - Wed, May 8, 2024 | 1:37 pm GMT+7

Vietnam high tech sector appealing to FDI firms: analysts

Vietnam high tech sector appealing to FDI firms: analysts

High technology is continuing to attract foreign-invested enterprises in Vietnam this year, which in turn will give a boost to the country’s economic growth, analysts have said.

Industries - Wed, May 8, 2024 | 10:18 am GMT+7

Indian chemicals giant Kanoria eyes deep-water port, oil refinery investments in central Vietnam

Indian chemicals giant Kanoria eyes deep-water port, oil refinery investments in central Vietnam

Kanoria Chemicals & Industries Ltd., one of the leading manufacturers of chemical intermediates and specialties in India, has shown interest in the Bai Goc deep-water port project located in Nam Phu Yen Economic Zone, Vietnam’s central province of Phu Yen.

Infrastructure - Wed, May 8, 2024 | 10:06 am GMT+7

Greenback surge hurts Vietnamese importers, firms with dollar debts

Greenback surge hurts Vietnamese importers, firms with dollar debts

Vietnamese businesses with dollar-denominated loans and/or those that are heavily reliant on imports have been badly hurt by the greenback’s surge against the local VND currency.

Companies - Wed, May 8, 2024 | 8:11 am GMT+7

Singapore Airlines switches to sustainable aviation fuel use

Singapore Airlines switches to sustainable aviation fuel use

Singapore Airlines has ordered 1,000 tonnes of sustainable aviation fuel (SAF) from refiner Neste, which is the airlines’s first purchase of low-carbon jet fuel from the Finland-based refinery.

Southeast Asia - Tue, May 7, 2024 | 10:20 pm GMT+7

Canada considers Southeast Asia gateway to Indo-Pacific

Canada considers Southeast Asia gateway to Indo-Pacific

The Canadian Chamber of Commerce and the Export Development Canada (EDC) have co-organised a forum in Montreal, discussing the nation’s gateway to the Indo-Pacific, which groups 40 countries whose economic activities are worth close to $50 billion.

Southeast Asia - Tue, May 7, 2024 | 10:19 pm GMT+7

Thailand to increase daily minimum wage

Thailand to increase daily minimum wage

Thai Prime Minister Srettha Thavisin on Tuesday defended his plan to introduce a nationwide daily minimum wage of THB400 ($10.88) as a necessary move for the economy.

Southeast Asia - Tue, May 7, 2024 | 10:19 pm GMT+7

Indonesia to build AI development centre with $200 million investment

Indonesia to build AI development centre with $200 million investment

Indonesia will have an artificial intelligence (AI) development centre with an investment of $200 million.

Southeast Asia - Tue, May 7, 2024 | 10:18 pm GMT+7

Philippines develops economic zones

Philippines develops economic zones

Philippine President Ferdinand Marcos Jr. has said various economic zones in the country are open to all foreign investors and hoped that foreign companies can seize the business and trade opportunities from these economic zones.

Southeast Asia - Tue, May 7, 2024 | 10:17 pm GMT+7

Indonesia’s first EV battery factory expected to come into operation next month

Indonesia’s first EV battery factory expected to come into operation next month

Indonesian President Joko Widodo (Jokowi) has told the media that the first electric vehicle (EV) battery factory in the country will begin operating in June.

Southeast Asia - Tue, May 7, 2024 | 10:15 pm GMT+7

Samsung willing to pay more under global minimum tax scheme in Vietnam

Samsung willing to pay more under global minimum tax scheme in Vietnam

South Korean conglomerate Samsung stands ready to pay more taxes in Vietnam in line with the Global Minimum Tax (GMT) roadmap, Dong Thi Hong Anh, chief accountant of its Vietnam operations said Tuesday.

Companies - Tue, May 7, 2024 | 7:29 pm GMT+7

Vietnam central bank sells $500-700 mln forex to cool dollar fever

Vietnam central bank sells $500-700 mln forex to cool dollar fever

Vietnam’s central bank is estimated to have sold foreign currency worth $500-700 million via spot transactions to help rein in the recent surge of the greenback.

Banking - Tue, May 7, 2024 | 4:24 pm GMT+7