Recycling: $1 Billion Investment Announced

In Guatemala, the government announced that in the next two years it plans to build a plastic waste recycling plant that would produce electricity, and the investment would be financed by donations.

Tuesday, February 18, 2020

The Ministry of Economy (Mineco) is focused on identifying within the metropolitan area which is the most suitable area for the installation of the plant and the plan is that it will start operating within two years.

You may be interested in "Plastic: Market Figures up to March 2019"

Antonio Malouf, Minister of Economy, told that "... the project is to build a recycling plant in Guatemala with funds from American companies and from U.S. tax reductions that are placed in a social aid fund."

Rodolfo Samayoa, from the Plastics and Recycling Union of the Chamber of Commerce, explained that "... the construction of a plant with such a large investment would be good for the country's economy and for the environment, but 'instead of allowing foreign companies to come and do this, they should support those who already do it in the country."

It is estimated that around 700 tons of plastic waste are collected in the metropolitan area.

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More on this topic

Nicaragua: Fuel Plant for $17 million

September 2015

The Mayor of Managua has approved granting a concession of 30 years to W2ee Ecoenergy Development Nicaragua to build a plant to generation fuel from plastic waste.

The plant must still obtain an environmental license, explained the representative of the concessionaire, Andres Fernandez. The plant will process disposable plastic to generate up to 100 barrels of diesel per day.

$12 million Recycling Plant in Guatemala

April 2013

Reciclados de Centroamérica, a company which is part of Grupo Cervecería Centro Americana, opened its recycling plant yesterday in the town of Pueblo Nuevo Viñas, Santa Rosa.

The objective of this project is to turn disposable plastic bottles into raw material for the production of more PET bottles and containers made of this material. The plant is expected to produce 25 tons a day of resin which is useful for the local market.

Protests Over Plastic Waste Export Restrictions

October 2011

Guatemalan companies in the sector said that the measure constitutes "price fixing which eliminates competition, and encourages the formation of monopolies and privileges for certain companies."

The Ministry of Economy has restricted the export of waste, and scrap plastic, threatening companies that engage in this activity, said the Exporters Association of Guatemala.

Russia to Invest in Garbage Recycling Plant in Nicaragua

May 2009

The garbage recycling plant would be installed in the Chureca municipal landfill.

The project is under study and it could be implemented within a period of three months.

Journalist Anne Perez wrote for "The idea shared with us (by the Russian government) is to install a plant that recycles waste and it is something apart from the project that the Spanish Cooperation (in the neighborhood Acahualinca ) has, said mayor Alexis Argüello, who was appointed by the Supreme Electoral Council in Managua to produce a report on the trip he made to Russia late last month."

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