SEOUL, Sept. 21 (Korea Bizwire) — The European Chamber of Commerce in Korea (ECCK) on Thursday called for South Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc. The ECCK made the [...]
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, Sept. 15 (Korea Bizwire) — The waters off the coast of Ulsan were once a haven for whale sightings. However, the whale population has sharply declined as many animals have starved to death after ingesting plastics discarded by humans. Byun Eui-hyun, CEO of Usisan, said, “We’re committed to saving Earth’s largest endangered creatures by [...]
SEOUL, April 12 (Korea Bizwire) — The Seoul Metropolitan Government has partnered with a group of domestic petrochemical companies to conduct a pilot project that recycles plastic waste using thermal pyrolysis technology. The city government on Tuesday signed a business agreement with GS Caltex Corp., HD Hyundai Oilbank Co., LG Chem Ltd. and SK Geocentric [...]
SEOUL, Nov. 30 (Korea Bizwire) — The Ministry of Environment announced that a revision of the enforcement ordinances and regulations of the Waste Management Act came into effect on Tuesday. The amendments cleared the way for plastic waste pyrolysis oil to be recycled for use as a raw material in petrochemical products such as naphtha [...]
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, 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 [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean refiner, has joined forces with construction company Samsung C&T Corp. to launch a plastic waste recycling business. The two parties announced on Tuesday that they had signed a memorandum of understanding to promote cooperation in the area of the production of eco-friendly chemical [...]
SEOUL, Feb. 25 (Korea Bizwire) — A single person generates more than 10 kilograms of plastic waste each year using food delivery services, a consumer watchdog said Thursday. The Korea Consumer Agency studied the plastic packaging used for 10 kinds of delivered food ordered from three different food delivery apps (a total of 30 food [...]
SEOUL, Dec. 27 (Korea Bizwire) — The southern resort island of Jeju, increasingly affected by a surge in garbage caused by a drastic rise in the number of visitors and rapidly growing population, is stepping up to reduce plastic waste. The Small Enterprise and Market Service reported that as of April 2019, Jeju Province had [...]