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The first recycled polypropylene factory in Asia is here!

 Last Update: 2022-09-15
 Source: Internet
 Author: User

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South Korean chemical company SK geocentric (SKGC) will open a recycled polypropylene plant in Ulsan, South Korea, with PureCycle Technologies, a US recycling technology company

The parties have now signed a non-binding agreement ("HOA" or "Term Sheet")

According to reports, PureCycle is the only company in the world with the proprietary technology to separate pollutants, odor and color from polypropylene waste and convert it into ultra-pure recycled (UPR) plastic

Polypropylene is a resin widely used in consumer goods, food packaging, automotive interiors, and more

Kim Jun, Vice President and CEO of SK Innovation, said, "SK Geo centric will play an important role in SK Innovation's 'Carbon Green Strategy' together with the battery business

Mike Otworth, CEO of PureCycle, said: "We are delighted that PureCycle and SKGC will open a recycling facility in Ulsan over the next three years

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