Plastic Recycling in Panama
Welcome to PARKACTIVE Plastics Panama
Project Overview
Name:
PARKACTIVE Plastics Panama
Location:
Panama City
Joint Venture:
PARKACTIVE (50%),
SITAM (50%)
Operating System:
Mechanical Recycling, Chemical Recycling, Distillation, Energy Generation
Tackling the plastic waste problem in Panama
PARKACTIVE has launched in January 2024 the implementation of the first plastic recycling processing plant in Panama. This major recycling plant will treat plastic wastes from Panama City, Colon and David. Collection programs nation-wide and along the Canal will be set up in partnership with communities and private partners.
Our facility benefits from Panama’s unique geographical advantages, existing logistics platforms and special economic zones, putting it in a good starting position. The country’s commitment to sustainable development aligns seamlessly with our mission and makes it an ideal location for this important project.
Key Figures
Waste Characterisation:
- Plastic Waste from MSW 24,000 t/y
- Plastic Waste from BOS 9,000 t/y
- Plastic Waste from Collection Points 20,000 t/y
- Used Tyres 27,000 t/y
- Other Recyclable Materials 36,000 t/y
Financial Metrics (projected)
- Capex $20,000,000 First Year
- Tangible Capex $16,000,000 First Year
- Intangible Capex $4,000,000 First Year
- Capital Structure
- Debt $10,000,000
- Equity $10,000,000
- Gearing Ratio 50%
- Revenues $35,000,000 $/y
- Ebitda 40%
- IRR 25%
Recycled Outputs:
- Recycled Plastics
- Recycle Plastic Granules (post-extrusion) 8,000 t/y
- Petro-Chemical Material (pre-cracking) 7,000 t/y
- PET flakes (washed) 6,000 t/y
- Other Recycled Outputs
- Carbon Black 11,000 t/y
- Scrap Metals 9,000 t/y
- Scrap Polyamide 1,000 t/y
- Construction Aggreggate 26,000 t/y
- Energy Products
- Synthetic Diesel 24,000 t/y
- Wax 1,000 t/y
- Waste Materials for Energy Co-generation 28,000 t/y
- Methane 9,000,000 m3/y
- Carbon Certificates
- EuMTs 400,000 per year
