SEOUL, Jan. 3 (Korea Bizwire) — In a breakthrough for sustainable recycling, researchers led by Professor Kyung-Jin Kim of Kyungpook National University, in collaboration with CJ CheilJedang, have developed the world’s most efficient biocatalyst for breaking down polyethylene terephthalate (PET) plastics. The Ministry of Science and ICT announced the achievement on January 2, highlighting its potential [...]
SEOUL, Aug. 31 (Korea Bizwire) – In a bold move to boost the circular economy for plastics, Korea Social Investment Foundation (KSI), a public interest corporation and impact investor, has announced a 400 million won interest-free loan program for startups specializing in innovative technologies and solutions for recycling transparent PET bottles. The initiative, revealed on August [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — SK Geocentric Co., a South Korean chemical company, said Sunday it has signed a contract with a British firm to build a plastic pyrolysis plant in South Korea, taking a step closer to establishing what will be the world’s first plastic recycling cluster in two years. Under the agreement, [...]
SEOUL, Nov. 16 (Korea Bizwire) – SK Geocentric Co., a South Korean chemical company, said Wednesday it has signed an initial agreement with a British firm to build a plastic pyrolysis plant here, as it accelerates the push for advanced plastic waste recycling. The head of agreement, signed with the London-based Plastic Energy Ltd., commits [...]
SEOUL, Oct. 27 (Korea Bizwire) — SK Geocentric Co., a chemical unit of South Korea’s SK Group, said Thursday it has signed a binding joint venture agreement with a U.S. partner to build a plastic recycling plant here as it pushes to pivot to green chemicals business. The 50:50 joint venture with Purecycle Technologies Inc. [...]
SEOUL, Jan. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical producer, said Tuesday it is building its first plastic recycling plant in South Korea that will process used plastics using high-temperature steam, accelerating its push for clean materials. The plant, to be built in the southwest city of Dangjin by the first [...]
SEOUL, Jan. 10 (Korea Bizwire) — SK Geocentric Co., a chemical materials unit of South Korean conglomerate SK Group, said Monday it will build a plastic waste recycling factory in South Korea jointly with a U.S. startup as part of efforts to advance its green business. SK Geocentric said it signed an initial terms agreement [...]