Manufacturing

LMC ECOTECH.CO., LTD
PET Bottle Waste Recycling
Nigeria | West Africa

Project Owner:
LMC ECOTECH.CO., LTD

Investment Need:
$ 6,160,000

Investment Use:
Capital Expenditure & Working Capital

Sector:
rPET flake, PSF, Geotextile Production

Location:
Nigeria | West Africa

Investment Type:
Long Term Financing: 70% of total project cost Paid-up capital: 30% of total project cost

Investment Terms:
10% interest rate for 5 years

Partners:

MECEN IPC: Technology supply, Equity participant, Provision of Technical know-how.
Labacorp Group & Calaya Engineering: Equity Participant, Financing Arrangement, Management of Local Procedure

INTRODUCTION OF PROJECT

This project is to establish a PET bottle waste recycling plant in Nigeria by a way of joint venture partnership between Labacorp Group, Calaya Engineering and MECEN IPC Co., LTD. The plant will recycle post- industrial and post-consumer PET bottle waste and produce more value-added products such as rPET flake, Polyester staple fiber and non-Woven geotextile which has wide application range in various industry fields. The target market of final product will be the domestic market in Nigeria as well as overseas market.

It will be 1st plant in Nigeria with full integrated PET bottle waste recycling system from rPET flake to non-woven geo textile production. It will be well matched with your government policy for increase of plastic waste recycling rate and minimization of disposal waste in landfill site.