This photo, taken March 14, 2024, shows Lee Sang-geun (L), head of Korea Zinc’s strategies and planning division, and Lee Hwa-young, senior vice president in charge of the sustainability business unit at LG Chem, posing for a photo after signing a memorandum of understanding at LG Twin Tower in Yeouido, Seoul, for partnership in the U.S. used plastics recycling market. (Image courtesy of Yonhap)
SEOUL, Mar. 15 (Korea Bizwire) — Korea Zinc Co., South Korea’s leading nonferrous metal processing firm, said Friday it has partnered with LG Chem Ltd. for business opportunities in the U.S. used plastics recycling market.
Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United States based on their e-waste processing and used plastics recycling technologies, respectively, the company said in a statement.
In 2022, Korea Zinc acquired an entire stake in U.S. e-waste recycling firm IGNEO Holdings through its U.S. subsidiary Pedalpoint Holdings.
On top of the e-waste recycling, Korea Zinc is expanding its businesses in the U.S. to recycle used cars, used electric vehicle batteries, and abandoned solar panels, the statement said.
(Yonhap)
