The World Economic Forum and MICM visit the Renacer Plant in San Pedro de Macorís

San Pedro de Macorís witnessed a significant milestone in sustainable industrial development as the Dominican Republic’s Minister of Industry, Commerce, and MSMEs, Ito Bisonó, alongside representatives from the World Economic Forum (WEF), inaugurated Planta Renacer. This state-of-the-art facility, located in the Quisqueya Free Trade Zone, is the Caribbean’s first plant capable of recycling food-grade PET plastic through a fully integrated bottle-to-bottle process. The initiative is a collaborative effort between DIESCO and INVEMA, designed to reduce the nation’s reliance on virgin plastic imports, minimize waste exports, and transform local waste into high-value raw materials. Planta Renacer is projected to process 24,000 tons of PET annually, significantly reducing CO₂ emissions by 36,000 tons each year. Additionally, the plant is expected to create 500 direct and 5,000 indirect jobs, bolstering the local economy. Minister Bisonó hailed the project as a testament to the Dominican Republic’s potential to spearhead sustainable industrial practices, while the WEF delegation lauded it as a model for the Caribbean’s transition toward a greener economy. The initiative aligns with the National Roadmap for Action on Plastics, developed in partnership with the WEF’s Global Plastic Action Partnership (GPAP), underscoring the country’s commitment to fostering a circular economy and sustainable waste management.