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LG Chem announced recently that it will cooperate with UK-based Mura Technologies to build South Korea's first hydrothermal plastic recycling facility using a supercritical water process
LG Chem said that the plant's pyrolysis oil production rate will be the highest in the industry, because the technology can convert more than 80% of plastic waste into renewable oil to replace fossil fuels, and the remaining 20% of by-product gas can also be used as The operating energy of related facilities is reused
Kug lae Noh, president of LG Chem's petrochemicals business, said: "The partnership with Mura is a very important milestone as chemical recycling facilities will be internalized to accelerate plastic resources through collaboration with leading global companies on sustainable technologies.
Mura already has some plastic recycling collaborations in Asia