Thailand: VAO Energy Plastic Recycling Plant Feasibility Study

The Grantee invites submission of qualifications and proposal data (collectively referred to as the “Proposal”) from interested U.S. firms that are qualified on the basis of experience and capability to execute a feasibility study for the Grantee to develop a plastic recycling plant using pyrolysis (the “Project”) located in Thailand. The Proposal submission deadline is 5 p.m. EDT on October 28, 2022. The U.S. firm selected will be paid in U.S. dollars from a $695,820 grant to the Grantee from the U.S. Trade and Development Agency.

About the Grantee
The Grantee, VAO Energy Co., Ltd., is a private company established in 2014. The company has experience in plastic processing and pyrolysis oil production. It is led by Jeffery O’Rourke and Ashwin Chugani. O’Rourke has completed a range of venture capital, private equity, debt and merger and acquisition transactions. Chugani led the Grantee’s industrial scale pyrolysis oil pilot plant. The company is exploring partnerships with industrial entities in Southeast Asia to diversify and expand its energy business.

Project Background
In order to increase plastic recycling in Thailand, a private energy developer, VAO Energy Co. Ltd. (VAO), has proposed a feasibility study to develop a facility that would process plastic waste using pyrolysis. The proposed plant for the Project will consist of three lines capable of processing 50 metric tons per day (MTPD) of plastic waste, for a total capacity of 150 MTPD of plastic and producing pyrolysis oil as a value-added product.

About the Study
The purpose of this feasibility study is to select the pyrolysis technology and develop a continuous plastic recycling process for a processing line with capacity of 50 metric tons per day (MTPD) of plastic waste in Thailand. The feasibility study would analyze the feedstock characteristics, identify the appropriate pyrolysis technology and Project site, conduct initial financial and economic analysis as well as perform a preliminary environmental and social impact assessment.

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Thailand: VAO Energy Plastic Recycling Plant Feasibility Study

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