PLASTIC ENERGY
Licencing agreement for Tacoil process in South Korea / Strategic partnership with SK picglobal for Asian countries
South Korean chemical maker SK picglobal (Seoul; www.skpicglobal.com) says it has acquired a licence to use chemical recycling technology from UK thinktank Plastic Energy (London; www.plasticenergy.com) in a pyrolysis plant it plans to bring onstream in 2025.

The agreement was announced at the CES electronic trade show in Las Vegas, which was revived as an in-person event this year after a coronavirus-related hiatus.

Called the Ulsan Advanced Recycling Cluster, the new Korean complex to be operated by group unit SK Geo Centric is to have throughput of 66,000 t/y of end-of-life plastic waste, a mark that SK said will make the facility Asia’s largest. The company added that it plans to further improve the pyrolysis oil in a post-treatment plant, leveraging its own technologies.
Seoul company seals additional reclaim deals
SK and Plastic Energy have also signed a Memorandum of Understanding for a strategic partnership to expand use of the UK firm’s TAC (thermal anaerobic conversion) process in selected Asian countries. An initial step calls for establishing a joint venture to develop opportunities in China, Japan and other key markets.

Furthermore, the South Korean group has agreed to strategic collaborations for its recycling complex with globally operating North American companies PureCycle Technologies (Orlando, Florida; www.purecycletech.com) and PET depolymerisation specialist Loop Industries (Terrebonne, Quebec, Canada; www.loopindustries.com).

Related: Jindal to buy Tacoil-based PP made from post-consumer waste

In line with equity investments in the two North American partners, SK said it has also secured exclusive sales rights to leverage the companies’ knowhow for use in much of Asia, including China.
19.01.2023 Plasteurope.com [251933-0]
Published on 19.01.2023
Plastic Energy: Südkoreanische SK erwirbt Pyrolyseöl-LizenzGerman version of this article...

© 2001-2023 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2023 by Plasteurope.com, Bad Homburg
Date of print: 02.02.2023 18:58:41   (Ref: 488957786)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp