Metro Pacific Investments Corp. has entered into a memorandum of understanding with MPIC and SteelAsia Manufacturing to explore the creation of a closed-loop steel recycling system.
“The partnership will assess the feasibility of a model where steel scraps from MPIC Group supply chain are purchased by Mitsui and recycled by SteelAsia, then sold back in the market for reuse in infrastructure projects,” MPIC said in a statement.
“This initiative will maximize the value of steel, reduce the reliance on newly mined materials, cut carbon emissions, and keep resources in continuous productive use,” it added.
Under the proposed model, MPIC will work closely with its operating companies to identify the volume and types of steel scrap generated within the froup. Mitsui will then integrate and manage the flow of recovered scrap to SteelAsia, which will manufacture high-quality “green steel” products for potential use in future infrastructure projects.
“This effort is in alignment with MPIC’s sustainability framework, which integrates economic, environmental, social, and governance (EESG) principles into both strategic planning and daily operations. The company continues to prioritize innovation, responsible growth, and long-term resilience, advancing its mission to build a greener, more resilient Philippines,” it said.
June Cheryl A. Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, meanwhile said the initiative goes beyond just recycling, and is “a fundamental shift on how we approach sustainable growth.”
“A closed-loop system for steel means less extraction, fewer emissions, and stronger local supply chains. This model delivers lasting value for the economy, the environment and our communities,” she said.
Sean Andre Y. Sy, SteelAsia president, said that what makes this steel recycling system even more sustainable is that “it produces green steel through SteelAsia’s low carbon emission technology–good for business and good for the environment.”
“SteelAsia proudly drives the circular economy in construction using our green steel technology,” he added. .”We find ourselves in good company with MPIC and Mitsui who share our commitment to adopt sustainability as one of their core values. By recycling domestic waste, together we advance the country’s economic development in the best way possible.”
Metro Pacific Investments Corp. has entered into a memorandum of understanding with Mitsui & Co. (Asia Pacific) Pte. Ltd. Manila Branch and SteelAsia Manufacturing to explore the creation of a closed-loop steel recycling system.
“The partnership will assess the feasibility of a model where steel scraps from MPIC Group supply chain are purchased by Mitsui and recycled by SteelAsia, then sold back in the market for reuse in infrastructure projects,” MPIC said in a statement.
“This initiative will maximize the value of steel, reduce the reliance on newly mined materials, cut carbon emissions, and keep resources in continuous productive use,” it added.
Under the proposed model, MPIC will work closely with its operating companies to identify the volume and types of steel scrap generated within the froup. Mitsui will then integrate and manage the flow of recovered scrap to SteelAsia, which will manufacture high-quality “green steel” products for potential use in future infrastructure projects.
“This effort is in alignment with MPIC’s sustainability framework, which integrates economic, environmental, social, and governance (EESG) principles into both strategic planning and daily operations. The company continues to prioritize innovation, responsible growth, and long-term resilience, advancing its mission to build a greener, more resilient Philippines,” it said.
June Cheryl A. Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, meanwhile said the initiative goes beyond just recycling, and is “a fundamental shift on how we approach sustainable growth.”
“A closed-loop system for steel means less extraction, fewer emissions, and stronger local supply chains. This model delivers lasting value for the economy, the environment and our communities,” she said.
Sean Andre Y. Sy, SteelAsia president, said that what makes this steel recycling system even more sustainable is that “it produces green steel through SteelAsia’s low carbon emission technology–good for business and good for the environment.”
“SteelAsia proudly drives the circular economy in construction using our green steel technology,” he added. .”We find ourselves in good company with MPIC and Mitsui who share our commitment to adopt sustainability as one of their core values. By recycling domestic waste, together we advance the country’s economic development in the best way possible.”
