Chemical Industry
SK Geo Centric optimizes plastic recycling tech with US company
The S.Korean company and PureCycle signed a JV agreement in 2022 and are working toward starting construction of the recycling plant in Korea
By Mar 10, 2023 (Gmt+09:00)
1
Min read
Most Read
LG Chem to sell water filter business to Glenwood PE for $692 million


Kyobo Life poised to buy Japan’s SBI Group-owned savings bank


KT&G eyes overseas M&A after rejecting activist fund's offer


StockX in merger talks with Naver’s online reseller Kream


Mirae Asset to be named Korea Post’s core real estate fund operator



SK Geo Centric Co., a South Korean energy and chemical company, is accelerating technical negotiations to build the world's first plastic recycling complex, the Ulsan Advanced Recycling Cluster (ARC).
SK Geo Centric announced on Friday that 12 of its engineers and researchers recently completed modifications and technical consultations at PureCycle Technology's plastic recycling plant in Ohio, optimizing the recycling process for around two months from January this year.
PureCycle is a company that uses chemical recycling technology to extract high-purity recycled polypropylene from waste plastic, removing contaminants, odors and colors.
In October last year, the two companies signed a joint venture agreement and are working toward starting construction of the recycling plant in Ulsan within the year.
Since January, engineers from both companies have spent over 1,000 hours discussing specific technologies through online and offline meetings, conducting various tests to optimize the process for Korean waste plastics.
The Ulsan ARC will aim for commercial production in 2026 and will help to establish a circular economy.
"Through this cooperation, the two companies have optimized the design of the recycling process to suit the characteristics of Korean waste plastics," said Kim Jong-hwa, head of SK Geo Centric's production headquarters.
"We will continue to strengthen the partnership between the two companies and strive for the successful establishment of the Ulsan ARC."
Write to Ik-Hwan Kim at lovepen@hankyung.com
More to Read
-
Chemical IndustrySK Geo Centric signs MOU with Plastic Energy for plastic recycling plant
Jan 09, 2023 (Gmt+09:00)
2 Min read -
Chemical IndustrySK Geo Centric to build Asia's biggest advanced recycling plant with British partner
Nov 16, 2022 (Gmt+09:00)
1 Min read -
ESGSK Geo Centric secures $363 mn in sustainability loans on favorable terms
Nov 15, 2022 (Gmt+09:00)
2 Min read -
PetrochemicalsSK Geo Centric to build high value-added material plant in China
Aug 09, 2022 (Gmt+09:00)
1 Min read
Comment 0
LOG IN