ClimeCo Enters Strategic Partnership with Heng Hiap Industries, an Integrated Plastic Recycling Company
BOYERTOWN, Pennsylvania (Nov. 16, 2021) – ClimeCo, a leader in the development and management of environmental commodities, is pleased to announce the formation of a strategic partnership with Heng Hiap Industries (HHI), an advanced recycled plastic manufacturer. Determined to prevent plastic from ending up in the world’s oceans and landfills, HHI pledges to recycle 30,000 tonnes of Ocean Bound Plastic (OBP) by 2025. Their current focus is to recover and remove OBP from Malaysia’s shorelines, rivers, islands, and coastal communities. Malaysia is ranked 5th globally for ocean plastic waste.
“ClimeCo is excited to partner with HHI to recover thousands of tonnes of OBP waste,” said Chris Parker, Director of ClimeCo’s Plastic Program. “While providing a productive next life for the removed plastic, HHI’s operations will benefit coastal fishing and ecotourism communities by protecting the local marine biodiversity.”
Rooted in their belief that plastic is a resource, HHI converts OBP to upcycled finished goods, such as Louvre chairs and other household items. This operation creates a fully sustainable, closed-loop system where resources are reused and recycled as part of its circular design and solutions.
“We are living in a decisive decade where the future is not yet determined and it depends on how we play our cards,” said Kian Seah, CEO of HHI. “We could continue to destabilize the planet until the point of no return, or we could respond in a united front to reverse the damage. All effort in achieving plastic neutrality to offset the plastic footprint is the first step towards a smart plastic neutral society. We are honored to collaborate with like–minded partners who are believers and game–changers to enable a cleaner, safer and happier planet which will benefit us all.”
HHI is the first company to globally receive the prestigious OBP certification by Zero Plastic Oceans and 3rd party verification and auditing performed by the leading global certification specialists, Control Union Certifications. ClimeCo is proud to exclusively market the plastic credits generated by this project to help fund future plastic waste neutralization efforts and potential expansion project opportunities.
About Heng Hiap Industries
Heng Hiap Industries is an advanced recycled plastic manufacturer that seeks better ways to optimize plastic to prevent it from ending up in the world’s oceans and landfills. Their primary focus is to recover and recycle ocean bound plastic waste and give it a productive next life as chairs or other household items.
ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.