Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 97

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 97
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, driven by high waste generation, regulatory support, and demand from packaging and construction sectors. Compared to Japan’s advanced recycling system, with 86% of plastic recycling rate in 2024, Southeast Asia’s lower rates, ranging from 8% to 24%, highlight significant growth potential if infrastructure and policies improve. Investments in technologies like chemical recycling and initiatives like the Alliance to End Plastic Waste are poised to accelerate this growth. Source: The Frost & Sullivan Report 67 Market Size of Recycled Battery in Southeast Asia Market size of recycled battery in Southeast Asia increased from $43.7 million in 2019 to $150.0 million in 2024, at a CAGR of 28.0%. By 2040, Southeast Asia is projected to have 2,166 GWh of used batteries, enough to power over 1 million households for a year, requiring substantial recycling capacity growth by 2030. Policies such as Singapore’s $150 million circular economy investment aiming for 70% material recovery by 2025 and Indonesia’s electric goals with 13 million motorcycles and 2 million four -wheeledelectric vehicles by 2030 are boosting demand for recycled batteries. Advanced hydrometallurgical and pyrometallurgical processes are also enhancing recovery rates, with companies like SK tes in Singapore and EcoNiLi in Malaysia expanding operations. The recycled battery market in Southeast Asia is projected to grow to $702.6 million by 2029, with a CAGR of 35.7%. Source: The Frost & Sullivan Report Recycling of Plastic and Battery in Southeast Asia The recycling rates of plastic in Japan and Singapore in 2024 amount to 86% and 59%, respectively. The recycling rates for plastics in Malaysia, the Philippines, and Thailand, ranging from 24% to 8%, are relatively low, due challenges in waste management infrastructure and collection systems across Southeast Asia. Improving collection, sorting, and processing infrastructure, along with public awareness, could significantly boost the recycling rates of plastics in Southeast Asia. Source: The Frost & Sullivan Report 68 Battery recycling rates in Southeast Asia are low, ranging from 6% in Singapore to 10 – 20% in Indonesia, Malaysia, and Thailand, with the Philippines below 10%. Compared to Japan’s 42% battery recycling rate, there is huge growth opportunities in Southeast Asia, driven by increasing electric vehicle adoption, technological advancements, and policy support. Source: The Frost & Sullivan Report 69 BUSINESS Overview Headquartered in Tokyo