SEAPET
SEAPET (formerly DDPCR) is a commercial-stage plastic recycling facility in Malaysia that transforms post-consumer and post-industrial PET flakes into high-quality, food-grade rPET packaging resins.
DDPCR is a Malaysia-based producer of food-grade recycled PET pellets, with production infrastructure designed for an annual capacity of approximately 24,000 tonnes and food-safety certifications supporting premium packaging applications.
In March 2026, Circulate Capital-managed entities agreed to acquire 100% of DDPCR from Dialog Chemicals and Diyou PCR as part of a transaction that includes US$8.5 million to repay the company’s outstanding bank loan. Under Circulate Capital’s ownership, the platform is being repositioned to build a scaled regional food-grade PET recycling business serving growing demand across Southeast Asia.