RM948 million high-tech recycling plant helps Malacca become green investment destination

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Melaka’s chief minister said FE Green Pet’s high-tech recycling plant will promote the state as a green investment destination and boost economic growth.

The factory, with an investment of approximately RM948 million, is expected to be completed in the second quarter of 2025 and will provide nearly 500 jobs. The project is in line with the country’s 2030 carbon emission reduction goals. The factory uses advanced technology to convert waste plastic bottles into high-value products, serving well-known global customers such as Coca-Cola, Nike, etc.

The state government will simplify the investment process, encourage green investment and utilize various green energy sources.

(Source: Bernama Source: freepik)

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