SEOUL, Aug. 26 (Korea Bizwire) — POSCO Holdings Co., the world’s fifth-largest steelmaker by output, said Friday it has completed the construction of a used secondary battery recycling plant in Poland as part of its push to expand its presence in the burgeoning sector. The Poland Legnica Sourcing Center (PLSC), in Brzeg Dolny, some 30 [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Wednesday it had signed a stock purchase agreement with DY Polymer and DY Indus, both specialized in the recycling of plastic waste, and completed the acquisition procedures. DY Polymer has been engaged in the production of pellets, the nation’s first recycled material [...]
SEOUL, Aug. 5 (Korea Bizwire) — Major oil refiner GS Caltex Corp. has teamed up with the Korean unit of Swiss food giant Nestle to establish a circular economy, aimed at promoting resource efficiency and carbon reduction. GS Caltex and Lotte-Nestle Korea Ltd. on Thursday formed a business agreement to promote the recycling of waste [...]
SEOUL, July 26 (Korea Bizwire) — There are moves afoot to enable physically recycled materials made by removing impurities after crushing and heating synthetic resin products to be used in the manufacturing of food containers and utensils. The Ministry of Food and Drug Safety on Monday issued a legislation notice for a partial revision of [...]
ULSAN, July 20 (Korea Bizwire) — The Ulsan city government said Tuesday it will reutilize transparent plastic dividers that were once used to enforce social distancing measures. The city will join hands with local manufacturing company Hanguk Mold Co. to start a project to upcycle plastic waste. It will collect used plastic dividers from public [...]
SEOUL, July 15 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Thursday it was launching a drive to recycle waste incineration ash as a construction material. The company joined hands with CMD Group, a specialist in the manufacturing of eco-friendly construction materials, to promote technological cooperation and to produce block aggregates made of [...]
SEOUL, July 14 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Wednesday it will make and sell more of the limited edition footwear produced by using recycled tires through a collaboration with domestic startup Treadngroove as the existing inventory had sold out. The two companies jointly produced a [...]
SEOUL, July 8 (Korea Bizwire) — South Koreans are known for their coffee craze that has made the country the third-largest coffee market in the world after the United States and China. Trendy espresso bars dot Seoul and other major cities, and some shops offer drip coffee brewed by robot baristas. The explosive growth, coupled [...]
SEOUL, July 4 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, said Sunday it would carry out a wooden cable drum recycling project as part of its efforts to strengthen environmental, social and governance (ESG) management through resource circulation. Wooden drums are used in the process of storing [...]
SEOUL, July 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical maker, said Thursday it will take the initiative to build a virtuous resource cycle ecosystem using plastic waste with its business partners. The company signed a memorandum of understanding with Sampyo Cement, Hyundai Rotem, the Korea Engineers Alliance and the Korea Cement Association [...]