City Oil Field finalized an export agreement with Nam An Joint Stock Company, headquartered in Ho Chi Minh, Vietnam centering on decomposed oil derived from waste plastic. This landmark agreement represents the first instance worldwide of exporting naphtha recycled from discarded plastic and plastic bags.
City Oil Field, a Korean company that develops and commercializes technologies for converting waste plastic into high-quality oil, is stepping up its foray into the renewable energy market in Malaysia.