Porto, Portugal — November 15, 2024
IncBio has signed a Memorandum of Understanding for the development of a joint-venture pyrolysis project in Kazakhstan, marking the company's first confirmed international project development milestone in plastic waste recovery.
The MOU establishes the framework for a jointly-owned industrial operation to be developed in Kazakhstan, structured around IncBio's proven modular pyrolysis model — the same technology and engineering approach deployed at the operating facility in Portugal. The in-country partner brings feedstock access, land, and operational presence, while IncBio provides the technology, engineering, project development, and offtake framework.
Kazakhstan represents a strategically relevant market for advanced plastic waste recovery. The country generates significant volumes of plastic waste with limited advanced recovery infrastructure, and increasing environmental regulation across Central Asia is creating both pressure and opportunity for industrial-scale solutions.
The MOU follows IncBio's standard project development framework: a defined period of joint feasibility assessment, feedstock verification, and site evaluation, leading to a full joint-venture agreement and project financing structure.
This signing marks the first entry in what will become an active international project pipeline — with IncBio's modular platform being evaluated across multiple geographies simultaneously, and forming the foundation of the global expansion that will be formally structured under the PYROCY platform in 2025.
José Marques, CEO of IncBio, stated: "Kazakhstan is our first international MOU in plastic pyrolysis and an important signal of where this platform is heading. The interest we are seeing from markets across Central Asia, MENA, and beyond confirms that the problem we are solving — and the way we are solving it — is globally relevant."