MPIC, Mitsui, SteelAsia join forces to create sustainable steel recycling system in the Philippines

Metro Pacific Investments Corp. (MPIC), the Philippines' leading infrastructure investments company, has entered a Memorandum of Understanding (MOU) with Mitsui & Co. (Asia Pacific) Pte. Ltd. Manila Branch (Mitsui) and SteelAsia Manufacturing Corporation to explore the creation of a closed-loop steel recycling system that supports a circular economy.

- 

Building a closed-loop for steel in construction

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.

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.

"This initiative goes beyond just recycling, it represents a fundamental shift on how we approach sustainable growth," said MPIC Chief Finance, Risk, and Sustainability Officer June Cheryl A. Cabal-Revilla. "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."