DAEJEON, Nov. 30 (Korea Bizwire) – In a significant stride towards expanding the global reach of its cutting-edge plasma technology, the Korea Institute of Fusion Energy (KFE) has inked a contract with an American bio-diesel production company. The KFE announced on November 29 that it had entered into an agreement with Plasma Blue, which is based [...]
SEOUL, Nov. 15 (Korea Bizwire) – SK Geo Centric Co. (SKGC), the chemical unit of chip-to-construction conglomerate SK Group, on Wednesday began construction of a plastics recycling plant as it seeks to develop the business into a new growth driver. SKGC and its three global partner companies — Loop Industries, Inc. from Canada, PureCycle Technologies, [...]
BUSAN, Nov. 2 (Korea Bizwire) – New technology that uses coal ash from power plants to construct structures in the ocean is set to be actively promoted in South Korea. Currently, some of the waste materials from burning coal to produce electricity are stored or buried because they are hard to recycle. One of these structures, [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Chem announced on Thursday its intention to establish a plastic circulation system by producing eco-friendly plasticizer, a key ingredient in flooring materials, using discarded PET bottles from everyday life. A plasticizer is a vital additive that enhances the flexibility and elasticity of PVC, primarily used in the production of [...]
SEOUL, Oct. 12 (Korea Bizwire) – Recent data shows that the waste recycling performance of South Korea’s top two semiconductor companies, namely Samsung Electronics and SK Hynix, is being overestimated due to domestic regulations that diverge from international trends. Local regulations consider the production of heat energy by burning waste as recycling, but some have questioned [...]
SEOUL, Sept. 26 (Korea Bizwire) — SK Ecoplant Co., a South Korean builder, said Tuesday it joined hands with a U.S. waste recycling company to form a joint venture and build a battery recycling pretreatment plant in the U.S. state of Kentucky. The factory will be established in Hopkinsville, in partnership with Ascend Elements and [...]
SEOUL, Sept. 18 (Korea Bizwire) – The SK Geocentric Ulsan ARC (Advanced Recycling Cluster), which is expected to be built near the Ulsan Complex (CLX) petrochemical complex, is gaining attention as Ulsan’s ‘urban oil field.’ The Ulsan ARC is the world’s first plastic waste recycling complex, conceived by SK Innovation subsidiary SK Geocentric with an investment [...]
SEOUL, May 16 (Korea Bizwire) – South Korea’s top waste management company SK ecoplant Co. said Monday it had achieved a breakthrough in manufacturing recycled boxes by utilizing discarded paper resources from logistics centers. This achievement was made possible through a collaboration between SK ecoplant, logistics giant CJ Logistics Corp., and local packaging firm Tailim [...]
SEOUL, May 3 (Korea Bizwire) — SK Geocentric Co., a chemical unit under South Korea’s SK Group, said Wednesday it has signed a joint venture agreement with a Canadian partner to build a plastic waste recycling factory in Korea. SK Geocentric and Loop Industries, a Quebec-based company, will establish a 51:49 joint venture in charge [...]
SEOUL, April 28 (Korea Bizwire) — South Korean cosmetics contract manufacturer Kolmar Korea Co. said Thursday it has developed a paper stick container to replace conventional plastic containers used for cosmetic products. The paper stick container is made from mineral paper derived from leftover stones dumped in quarries and mines. As an eco-friendly material, it [...]