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    Home > Chemicals Industry > International Chemical > SK Innovation to build PP chemical recycling plant

    SK Innovation to build PP chemical recycling plant

    • Last Update: 2022-01-24
    • Source: Internet
    • Author: User
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      On January 10, South Korea's SK Innovation, through its subsidiary SK Geo Centric (SKGC), and PureCycle, an American plastic recycling company, reached an agreement on the construction of a polypropylene (PP) chemical recycling plant
    .
    The two parties agreed to build a new PP chemical recycling plant in Ulsan City

    .
    Construction of the plant will start this year and is expected to be completed in 2024

    .
    The plant is expected to process 60,000 tons of waste plastic annually, and SKGC will have the exclusive right to sell the recycled PP it produces in South Korea

    .

      In August last year, the two companies signed a memorandum of understanding on this matter to start the cooperation of the two parties in the PP recycling business in Asia
    .
    PureCycle has the world's exclusive chemical recycling technology, which can use solvents to remove pollutants, odors and colors from waste plastics and convert them into ultra-pure recycled plastics (UPR), currently under construction in Ohio and Georgia in the United States factory

    .

      SKGC said that at present, there are "three core technologies" for the chemical recycling of plastics, namely the "pyrolysis oil" technology that heats waste plastics to obtain raw materials such as naphtha, and the "pyrolysis oil" technology that chemically decomposes contaminated plastic bottles and clothing for recycling.
    Depolymerization" technology, another technology is the solvent recovery technology mastered by PureCycle

    .
    SK Innovation Vice President Kim Jun emphasized, "SK Innovation has implemented a carbon neutrality strategy within the framework of its mid-term plan 'Carbon to Green', and subsidiary SKGC will play an important role together with its battery business

    .
    We are constantly innovating While there is a business model, it will also expand cooperation with global companies with environmentally friendly technologies to build a plastic circular economy system

    .
    "



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