Chip Mong propose landfill biogas plant in PP garbage dump
THE Global Green Growth Institute (GGGI)’s general director Frank Rijsberman has announced that the Chip Mong Insee Corporation has expressed an interest in establishing a biogas production facility that will process waste at the capital’s Dangkor landfill.
A spokesman for the company suggested that as many as 20 companies, many from overseas, have also submitted proposals for the project.
Rijsberman announced Chip Mong’s submission during a recent “Green Growth Night” press conference.
“They [Chip Mong] have conducted feasibility studies. They may be waiting for the national elections before finalising the project, but if it’s finalised, it will be Chip Mong investing rather than the government,” he said.
Headquartered in Seoul, South Korea, the GGGI is an inter-governmental organization dedicated to supporting strong, inclusive and sustainable economic growth in developing countries and emerging economies. It currently boasts 45 member countries, with operations in Africa, AsiaPacific, Europe, Latin America and the Middle-East.
“We are pleased to have made a connection with Chip Mong. We have conducted feasibility studies, and need to make a final decision on investment. This is a good example of how we work. We bring an idea, and then seek out investors,” explained Rijsberman.
He said that the proposal would be worth about $15 million.
Sanka Seneviratne, head of the Chip Mong Ecocycle Business Unit of Chip Mong Insee Cement Corporation, told The Post that the company was not the only one to submit an investment proposal, but other companies from China, Singapore, and Hong Kong had also done so.
“We submitted a proposal to the government, but it was not only us. I believe around 20 proposals were submitted,” he added.
According to the Chip Mong Group’s website, Chip Mong Ecoycle signed an MoU with the Ministry of Environment in March 2021 to provide sustainable solutions to the disposal of hazardous industrial
waste, in addition to old tires, plastic and so-called “e-waste”. Managing the disposal of hazardous waste has increasingly become a challenge, as Cambodia becomes ever more industrialised.
In December 2019, the Chip Mong Insee Cement Plant launched an industrial waste management facility
to provide an environmentally-friendly solution to the disposal of industrial waste. The project has the capacity to process around 10 tonnes of industrial waste – from garment, footwear and other large industries – per hour, equivalent to around 7,000 tonnes per month.
A GGGI statement said it has
supported the government since 2012, assisting its transition to a model of economic growth that is environmentally sustainable, climate-resilient, and socially inclusive.
“The institute works closely with the government, especially the Ministry of Environment, to mobilise green investment for sustainable
urban development in the areas of sustainable energy, waste management, and sustainable mobility,” it added.
“The GGGI is also working closely with the Ministry of Economy and Finance and the Securities and Exchange Regulator of Cambodia on advancing thematic bond initiatives in Cambodia,” it added.