BPCL is the first and only post-consumer PET bottle recycling plant in Bangladesh, providing manufacturing services to reuse and recycle the use of plastic bottles. Starting its operation in July 2012, BPCL has set up a plant that is capable of producing 10,500 metric tonnes (MT) of recycled PET resin per year using used PET bottles as raw materials. BPCL hopes to create a positive impact on our e
nvironment, improve the social aspects of the lives of those who are involved in the waste management sector and promote sustainable resource use through plastic recycling to our corporate sectors. Additionally, BPCL also has:
1. Access to Quality Raw Materials at Low Prices: BPCL procures its key raw material, used PET bottles, locally at internationally competitive prices. Bangladesh produces 3.5 billion PET bottles per year and most of it is discarded after being used only one time. BPCL needs only 12% of the locally available cheap raw material (discarded PET bottles) to operate in full capacity.
2. Ready Market for its Products: Bangladesh imports 142,000 MT of PET resins per annum and the demand is growing by more than 30% a year. Producing 10,500 MT of PET resins at full capacity BPCL enjoys a ready and growing market to absorb its products. BPCL is currently supplying flakes and resin to local bottling plant and PSF manufacturers. Currently, about 20,000 tonnes of PSF are produced per year against the demand of more than 100,000 tonnes. Purchasing resins from BPCL will accelerate local production of PSF substituting imports from abroad.
3. Secure Financing: BPCL has strong support of prominent local and foreign investors as both equity and debt financing providers. Total BDT 970 million financing has already been raised and BPCL is in talks with other investors to secure more funding. BPCL- Creating change, one recycle at a time.
