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World news round-up 21 July 2014

India’s first plastic recycling plant; EfW plant in the Philippines; Uganda’s e-waste strategy; Essar Steel Algoma debt restructuring.

India’s first plastic recycling plant planned

Surat Municipal Corporation (SMC) in Gujarat, India, is mulling setting up the first plastic waste recycling plant in India, using the public-private partnership model. The plant will treat plastic waste and produce oil.  

Desh Gujarat

EfW plant in Philippines’ Barangay Calajunan

A South Korean company is looking to build an energy-from-waste (EfW) facility at a dumpsite in Barangay Calajunan, in the Philippines. The unit is expected to be operational by the first quarter of 2015. The EfW plant will produce 6MW of electricity by converting up to 250 tonnes of solid waste daily using gasification technology.


Uganda drafts national e-waste strategy

Uganda’s government has launched a “National E-waste Management Strategy” to tackle the fast growing problem of electronic waste. Actions include: establishing a national e-waste coordinator, setting up an e-waste fund, investing in e-waste handling and disposal infrastructure, reviewing and updating the legal and institutional framework for e-waste management. The e-waste strategy implementation budget has been estimated at 7.95bn Ugandan shillings (£1.75m) over the five year.

Essar Steel Algoma seeks debt restructuring

Canadian steelmaker Essar Steel Algoma has initiated court proceedings in Ontario to carry out an agreement with a majority of unsecured bondholders to restructure its debt. The company has also filed for Chapter 15 Protection in the US and listed liabilities of more than $1bn (£584m).

Business Standard

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