SK geo centric and Plastic Energy plan new plant in South Chungcheong
Published: 31 Oct. 2023, 18:15
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- SHIN HA-NEE
- [email protected]
![A computer-generated image of a plastic recycling plant of SK geo centric, Loop Industries and SUEZ, which will be completed by 2027 in France [SK INNOVATION]](https://koreajoongangdaily.joins.com/data/photo/2023/10/31/d64f12af-e5d9-495d-9462-0d014dd278ee.jpg)
A computer-generated image of a plastic recycling plant of SK geo centric, Loop Industries and SUEZ, which will be completed by 2027 in France [SK INNOVATION]
SK geo centric, a chemical subsidiary of SK Innovation, will build a waste plastic pyrolysis plant in Dangjin, South Chungcheong, with Plastic Energy, a British plastic pyrolysis company.
The two companies, as well as the regional governments of Chungcheong and Dangjin, signed a memorandum of understanding (MOU) in Frankfurt, Germany, on Tuesday for the construction of the plant. SK geo centric and Plastic Energy will set up a joint venture for the project.
The plant, which is expected to have an annual processing capacity of 66,000 tons, will be SK geo centric’s second plastic pyrolysis facility following a previously-announced project in Ulsan. The Ulsan facility, which is housed inside the company’s Advanced Recycling Cluster, will begin operation in 2025.
BY SHIN HA-NEE [[email protected]]
with the Korea JoongAng Daily
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