SEAL Eco Advance Limited and Dow sign MoU to accelerate adoption of Post-Consumer Recycled (PCR) resin for e-commerce packaging

• New partnership aims
  to advance the recycling industry in Hong Kong, showcasing new opportunities
  for circular economy in Asia Pacific
• Dow’s PCR resin enables
  SEAL’s sustainable courier bag solutions for Fortune 500 e-commerce companies looking
  for sustainable and recyclable packaging produced with recycled content

HONG KONG SAR – Media OutReach – 20 May
2021 – SEAL, a Hong Kong-based waste plastic recycling company, has signed
a Memorandum of Understanding (MoU) with Dow (NYSE: DOW), one of the largest
producers of polyethylene and specialty resins worldwide, to produce
Post-Consumer Recycled (PCR) resin based e-commerce packaging.  An official MoU signing ceremony was held on
14^th May at SEAL’s flagship recycling facility in Fanling in the
presence of key representatives, stakeholders and strategic partners from both
parties, as well as the Ravago Group, a leading European plastic products
manufacturer and one of Dow’s channel partners in Asia Pacific.

 

 

The main
representatives, stakeholders and strategic partners of both parties of this
MoU: (from the left) Mr. Pak Kwan, Commercial Director of Ravago Group, Mr.
David So, Chairman of SEAL, Mr. Lawrence Cheung, Senior Sales Director for
Greater China of Dow Chemical Pacific Limited, Mr. Jason Chan, Sustainability
Marketing Manager for Packaging and Specialty Plastics, Asia Pacific of Dow
Chemical Pacific Limited, and (on the screen) Mr. Bambang Candra, Asia Pacific
Commercial Vice President for Packaging & Specialty Plastics of Dow
Chemical Pacific Limited.

 

Under the terms
of the MoU, SEAL and Dow’s collaboration will produce PCR resin based
e-commerce packaging in Asia Pacific, offering sustainable courier bag
solutions to top global e-commerce players. 
This will help to increase the recycled content of their packaging, a
major step in achieving their sustainability targets. In addition, SEAL is also
using Dow’s compatibilizer modification solutions in their effort to recycle plastic
hangers waste the company collects, and designing new products with recyclability
in focus. 

 

Speaking at the
signing ceremony, Mr. Bambang Candra, Dow’s Asia Pacific Commercial Vice
President for Packaging & Specialty Plastics, said: “This MoU is very
meaningful in the Asia Pacific market because three of the top 10 ecommerce
markets in the world are in this region. By using recycled content while
maintaining packaging’s functional performance, every package delivered keeps
plastics in the economy and out of the environment.  This collaboration is in line with Dow’s 2035
sustainability target to close the loop by enabling 100% of Dow products sold
into packaging applications to be reusable or recyclable.”

 

Mr. David So, Chairman of SEAL, said: “SEAL was founded in 2020 by our
parent company China Eco-farming (HKEX: 8166), an investment holding company
providing one-stop value chain services in Greater China. Their current
projects on carbon offset and carbon neutrality fall in line with the latest
policy address by President Xi Qinping at the 14th five-year plan (2021-2025).
SEAL initially started with the recycling of used hangers made of Polystyrene
and Polypropylene. As an ambitious company, our vision is to
expand our recycling projects through
application and material bases, including recycling LDPE (Low Density
Polyethylene) from courier bags, HDPE (High Density Polyethylene) from water
buckets, nylon materials from electrical appliances and PVB from glass
lamination. Our recycling collaboration with Dow allows us to introduce the
first PCR plastics into the manufacturing of courier bags at our packaging
facility in Dongguan, which is intended to meet the sustainability commitment
of the Fortune Top 50 e-commerce enterprises.”

 

SEAL’s flagship site in Fanling handles and treats nearly 36,000 metric
tons of worldwide waste and recyclables annually. It houses the largest
shredder in Hong Kong to separate the metal parts from consume plastic waste
like hangers and shred the plastic into small pieces for further processes. In
addition, SEAL’s in-house laboratory provides tests of the separated materials,
results of which help determine the recycling blending formula and ensure
quality control of the final production of plastic pellets. 

 

SEAL will
continue exploring collaboration with different entities, including private
companies and NGOs to establish partnerships, all aims at expanding SEAL’s
sources of secure and sufficient plastic waste, increasing the recycling
capacity, as well as ensuring a larger variety of plastics, such as PE
(Polyethylene), PET (Polyethylene terephthalate) for recycling.

 

Community
education is among the key initiatives SEAL currently is undertaking to promote
the awareness of the plastic recycling industry in Hong Kong. Through site
visits for schools, young generations will have the opportunity to learn about
the plastic recycling processes and recoverable materials, as well as SEAL’s sustainable
initiatives and solutions to plastic waste related issues.

 

“I believe
SEAL’s vision is in line with Hong Kong’s long-term strategic plan for a more
circular economy. We are immensely proud of our plastic recycling-based industrial
production here in Hong Kong in such a sustainable manner,” Mr. So concluded.

 

All guests
attending the MoU signing ceremony were given a special souvenir Prince Seal,
which is one of SEAL’s first recycled products. He represents the importance of
plastic recycling in alleviating pollution on the earth’s ecosystems. Prince
Seal is not just a toy; it is made of 25% recycled products symbolizing the
possibility of producing PCR products appreciated by us all.

Link to Event Photos: 

https://drive.google.com/drive/folders/1FnGkxhXrFcAjQ7b9nXWBO3pOBA-rhr0U?usp=sharing

Photo Captions:

1) Mr. Pak Kwan, Commercial Director of Ravago Group is giving a plant tour to guests before the event commenced.

2) Mr. David So, Chairman of SEAL is making opening remarks at the ceremony.

3) Mr. Bambang Candra, Asia Pacific Commercial Vice President for Packaging & Specialty Plastics of Dow Chemical Pacific Limited is giving speech at the ceremony through video conferencing.

4) The main representatives, stakeholders and strategic partners of both parties of this MoU: (from the left) Mr. Pak Kwan, Commercial Director of Ravago Group, Mr. David So, Chairman of SEAL, Mr. Lawrence Cheung, Senior Sales Director for Greater China of Dow Chemical Pacific Limited, Mr. Jason Chan, Sustainability Marketing Manager for Packaging and Specialty Plastics, Asia Pacific of Dow Chemical Pacific Limited, and (on the screen) Mr. Bambang Candra, Asia Pacific Commercial Vice President for Packaging & Specialty Plastics of Dow Chemical Pacific Limited.

5) The MoU Signing Ceremony wrapped up with great success.  Group photo of key representatives, stakeholders, strategic partners, and all participants.