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Supporting source

Thailand mass-balance recycled polymer ASP (USD per MT, 2027 base)

~USD 1,400 per MT

As of2027 base case mass-balance polymer ASP·Sources9·Supporting

ISCC PLUS Mass Balance certified pyrolysis-oil-derived recycled PE and PP polymer ASP runs USD 1,200-1,650 per MT in the 2027 base case (midpoint USD 1,400 per MT) versus virgin PE and PP at USD 900-1,200 per MT, capturing the brand-owner recycled-content premium. Pyrolysis-oil naphtha intermediate ASP lands in the USD 800-1,150 per MT range versus virgin naphtha at USD 600-800 per MT. The premium is underwritten by Coca-Cola, Unilever, Nestlé and PepsiCo recycled-content commitments plus the EU CBAM Phase 2 compliance hedge for Thai exports. Indorama Ventures r-PET ASP runs USD 1,500-1,950 per MT versus virgin PET at USD 1,050-1,300 per MT.

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ISCC PLUS Mass Balance certified pyrolysis-oil-derived recycled PE and PP polymer ASP runs USD 1,200-1,650 per MT in the 2027 base case (midpoint USD 1,400 per MT) versus virgin PE and PP at USD 900-1,200 per MT, capturing the brand-owner recycled-content premium. Pyrolysis-oil naphtha intermediate ASP lands in the USD 800-1,150 per MT range versus virgin naphtha at USD 600-800 per MT. The premium is underwritten by Coca-Cola, Unilever, Nestlé and PepsiCo recycled-content commitments plus the EU CBAM Phase 2 compliance hedge for Thai exports. Indorama Ventures r-PET ASP runs USD 1,500-1,950 per MT versus virgin PET at USD 1,050-1,300 per MT.

ISCC PLUS Mass Balance certified pyrolysis-oil-derived recycled PE and PP polymer ASP runs USD 1,200-1,650 per MT in the 2027 base case (midpoint USD 1,400 per MT) versus virgin PE and PP at USD 900-1,200 per MT, capturing the brand-owner recycled-content premium. Pyrolysis-oil naphtha intermediate ASP lands in the USD 800-1,150 per MT range versus virgin naphtha at USD 600-800 per MT. The premium is underwritten by Coca-Cola, Unilever, Nestlé and PepsiCo recycled-content commitments plus the EU CBAM Phase 2 compliance hedge for Thai exports. Indorama Ventures r-PET ASP runs USD 1,500-1,950 per MT versus virgin PET at USD 1,050-1,300 per MT.

Time scope

2027 base case mass-balance polymer ASP

Source basis

Supporting source

Interpretation notes

What this tells you

ISCC PLUS Mass Balance certified pyrolysis-oil-derived recycled PE and PP polymer ASP runs USD 1,200-1,650 per MT in the 2027 base case (midpoint USD 1,400 per MT) versus virgin PE and PP at USD 900-1,200 per MT, capturing the brand-owner recycled-content premium. Pyrolysis-oil naphtha intermediate ASP lands in the USD 800-1,150 per MT range versus virgin naphtha at USD 600-800 per MT. The premium is underwritten by Coca-Cola, Unilever, Nestlé and PepsiCo recycled-content commitments plus the EU CBAM Phase 2 compliance hedge for Thai exports. Indorama Ventures r-PET ASP runs USD 1,500-1,950 per MT versus virgin PET at USD 1,050-1,300 per MT.

What not to do with it

USD per metric tonne FOB Thai port equivalent; reflects ISCC PLUS Mass Balance certified output. Bull-case ASP at USD 1,750 per MT; bear case at USD 1,250 per MT.

Related figures

Adjacent numbers that add context without drowning the value.

2024 baseline; 2027 effective stream
~6.2-7.5 Mt per year

Thailand plastic waste generation (2024 baseline)

Pollution Control Department, SCB EIC Thailand plastic waste outlook January 2026, TIPMSE PRO Thailand coalition

2024-2028 (modelled)
~THB 18B base 2027

Thailand chemical recycling revenue (THB billion, 2024-2028)

IRPC, SCG Chemicals, PTT Global Chemical, Bangchak, Indorama Ventures, PCD, BOI, SCB EIC

2027 modelled share of revenue
Pyrolysis ~58%

Thailand chemical recycling technology mix (2027 modelled)

IRPC, SCG, PTTGC, Bangchak, Indorama Ventures, Energy Absolute, Banpu, BASF ChemCycling, ISCC PLUS

2027 disclosed nameplate
~80 kt per year

Thailand installed pyrolysis nameplate capacity (kt per year, 2027)

IRPC, SCG Chemicals, PTT Global Chemical, Bangchak, BSRC, Banpu, Energy Absolute, BOI Section 8 promoted projects queue

2026-2027 EPC benchmark
~USD 8-14M per kt

Thailand pyrolysis capex per kilotonne (USD million)

SCG Chemicals, PTT Global Chemical, Bangchak, IRPC, Indorama Ventures, EPC tender summaries, BOI promoted projects filings

2027 modelled revenue share
Top 4 ~67%

Thailand chemical recycling operator concentration (2027 share)

IRPC, SCG, PTTGC, BCP, BSRC, IVL, EA, Banpu, BASF, TIPMSE, BOI promoted projects

Report context

Thailand Plastic-to-Fuel Pyrolysis Recycling 2027 Market Intelligence

Thailand generates 6.2-7.5 million tonnes per year of plastic waste with roughly 60 percent mismanaged and mechanical recycling capped at PET and HDPE rigid streams (about 22 percent of total). Chemical recycling — pyrolysis (mixed-PP/PE/PS to pyrolysis oil), depolymerisation (PET back to BHET and MEG monomers), gasification (mixed plastic to syngas) — is the only credible 2027 route for the residual stream. The 2027 catalyst stack: PCD Producer Responsibility Order effective Q1 2027 mandates registered EPR for FMCG and electronics brand-owners with explicit credit for pyrolysis output; IRPC Rayong pyrolysis pilot (1 kt per year, commissioned Q4 2024) leads SCG GO Green Chemicals Map Ta Phut (12 kt per year, 2026), PTTGC, Bangchak Biofuel and Banpu pyrolysis FIDs stacking to roughly 80 kt per year by 2027; BOI Section 8 chemical-recycling 8-year tax holiday plus 0 percent catalyst and equipment import duty; EU CBAM Phase 2 (January 2026) and ASEAN ICA Phase 1 (Q3 2026) charge a carbon premium on plastic exports; Coca-Cola, Unilever, Nestlé, PepsiCo recycled-content commitments force brand-owner offtake; BoT Sustainable Finance Framework underwrites SCB X and KASIKORNBANK green-bond capex; MoE End-of-Life Vehicle Bill mandates mixed-plastic recovery. Base 2027 read: Thai chemical-recycling revenue reaches THB 14-22B (against THB 0.4-0.9B in 2024) with IRPC, SCG GO, PTTGC and Bangchak Biofuel capturing 70 percent or more share and a long tail of registered EPR collector-processor SMEs capturing the remainder.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Banpu Public Company Limited

SET-listed energy group transitioning from coal toward gas, power, and energy technology.

Energy Absolute

Pure-play Thai renewable, EV-value-chain — solar, wind, biodiesel, EV buses, charging, battery. FY2024 THB 25-30B with 2023-2024 governance turbulence.

Indorama Ventures

World's largest PET producer, integrated polyester, specialty chemicals; FY2024 revenue ~THB 500B+; Lohia family controlled.

IRPC

Integrated refiner, petrochemical at Rayong; 215K bpd refining, olefin, aromatic, specialty polymers; FY2024 revenue ~THB 290B.

PTT Global Chemical

PTT Group downstream petrochemical arm; Map Ta Phut integrated complex, Allnex coatings; FY2024 revenue ~THB 560B.

Thailand mass-balance recycled polymer ASP (USD per MT, 2027 base) · Insight