August 31, 2025 | 12:00am
MANILA, Philippines — Conglomerate Metro Pacific Investments Corp. (MPIC) is becoming a member of forces with Mitsui & Co. (Asia Pacific) Pte. Ltd. Manila Department and SteelAsia Manufacturing Corp. to create a sustainable metal recycling system within the nation.
The businesses will collectively discover the feasibility of a mannequin the place metal scraps from MPIC Group provide chain are bought by Mitsui and recycled by SteelAsia, then bought again available in the market for reuse in infrastructure initiatives.
The initiative is predicted to maximise the worth of metal, cut back the reliance on newly mined supplies, minimize carbon emissions in addition to hold sources in steady productive use.
“This initiative goes past simply recycling, it represents a basic shift on how we strategy sustainable progress,” MPIC chief finance, threat and sustainability officer June Cheryl Cabal-Revilla stated.
“A closed-loop system for metal means much less extraction, fewer emissions and stronger native provide chains. This mannequin delivers lasting worth for the economic system, the setting and our communities,” she stated.
The proposed mannequin entails MPIC working carefully with its working firms to establish the amount and forms of metal scrap generated throughout the group.
Mitsui, on its finish, will combine and handle the stream of recovered scrap to SteelAsia, which is able to manufacture high-quality “inexperienced metal” merchandise for potential use in future infrastructure initiatives.
“SteelAsia proudly drives the round economic system in development utilizing our inexperienced metal know-how. We discover ourselves in good firm with MPIC and Mitsui who share our dedication to undertake sustainability as considered one of their core values,” SteelAsia president Sean Andre Sy stated.
Sy stated that by recycling home waste, the three firms would advance the nation’s financial improvement in one of the best ways potential.
“What makes this metal recycling system much more sustainable is that it produces inexperienced metal via SteelAsia’s low carbon emission technology–good for enterprise and good for the setting,” he stated.
MPIC stated the partnership is aligned with its sustainability framework, which integrates financial, environmental, social and governance rules into each strategic planning and day by day operations.
