Recently, South Korea's SK Geo Centric said it has begun construction of a "large waste plastic recycling complex" in Ulsan, South Korea, aimed at helping

The country's plastics industry is moving towards a circular economy.

Project profile

SKGC says the planned Ulsan Recycling Complex (ARC) is "the world's first plastic waste recycling complex." cast

With a capital of $1.4 billion, the park covers an area of 215,000 square meters.

The project, which is scheduled for completion by the end of 2025, will use three chemical recycling (advanced recycling) technologies in the same location

Including thermal cracking, dissolution and depolymerization of high purity polypropylene (PP). "It will be possible to use all kinds of waste plastics to produce plastic raw materials, such as takeaway food.

Packaging, bottles, auto parts and certain plastic textiles. It is even able to combine some plastics, such as vinyl and other composite plastics

And into chemical materials that can be used as substitutes for crude oil." .

SKGC said that once Ulsan ARC begins operations, it will be able to convert 320,000 tons of waste plastic into new resources every year. The company said: "Just

In terms of scale, the mass of plastic in the Great Pacific Garbage Patch is estimated to be about 80,000 tons, which could be disposed of in three months through ARC facilities

Off."

3 recycling technologies

The company is partnering with Us-Based PureCycle Technologies, Canada's Loop Industries and the UK's Plastic Energy

Technical cooperation.

Plastic Energy's chemical recycling technology is one of the most established in the world, and the company has been operating in Spain since 2016

Close the factory. Plastic Energy also works with global petrochemical partners, including TotalEnergies, ExxonMobil and SABIC.

Plastic Energy's chemical recycling technology is one of the most established in the world, and the company has been operating in Spain since 2016

Close the factory. Plastic Energy also works with global petrochemical partners, including TotalEnergies, ExxonMobil and SABIC.

Carlos Monreal, CEO of Plastic Energy, added: "With the establishment of Ulsan ARC, I think that includes South Korea

Asia within can lead the world. Chemical recycling is essential to recover plastic waste that is currently landfilled and incinerated."

Dustin Olson, CEO of PureCycle Technologies, said: "The inclusion of PureCycle in the cluster is a game changer

The recycling process means that more plastic in South Korea can be kept out of landfills and incinerators."

PureCycle focuses on PP recycling and also has several projects underway around the world, including in Ohio and Georgia in the United States

State operated or built plant.

Daniel Solomita, CEO of Loop Industries, said: "We have perfected our breakthrough depolymerization technology to produce products made from

After recycling materials made from native quality PET and polyester fibers, we are transitioning to the next stage of strategic development."