Lumas Technologies, a global provider of process technology and value-driven energy solutions, has announced an agreement with Dongyang Environment to deploy units using Lumas' advanced plastic recycling technology in South Korea. The plant will be located in Seosan, South Chungcheong Province, South Korea, and operated by Seohae Green Chemical, a subsidiary of Dongyang Environmental.

Lumas Technology

"We are pleased to announce this agreement with Dongyang Environmental, one of South Korea's leading providers of energy and environmental services." Greg Shumake, Vice president and Executive Director of Lumas Green Circle, said, "This is a major step forward in our commitment to a circular economy and the deployment of advanced plastic recycling technologies in Korea and other key markets around the world.

Lumas' Green Circle business unit will provide Toyang Environment with its advanced plastic recycling technology, which efficiently converts plastic waste into high-value chemicals and feedstocks for recycling. This technology is a proven, reliable and economical solution to the global plastic waste problem, offering additional environmental benefits such as a lower carbon footprint and no coke production.

Byung Jin Song, Head of Dongyang Environmental Research and Development Center, said, "There will be strong synergies between Dongyang's expertise in the field of resource recovery and energy conversion and Rumas' technology. In addition, Dongyang will strengthen its position in the chemical recycling industry to provide more sustainable products and higher value to our customers.

Green Circle, Lumas Technologies

Green Circle centralizes and expands the capabilities of Lumas technologies to capture new opportunities in the energy transition and circular economy. Green Circle provides economically and technically sound solutions for a range of technologies; For example, the treatment of solid waste containing plastics and the processing of various renewable bio-based feedstocks into high value-added chemicals, polymers and fuels; Helping to decarbonize refineries and petrochemical plants; Expanding production of blue hydrogen and biofuels; And the treatment of industrial wastewater.

Lumas Technologies is a global leader in modern life craft technologies, focused on a more sustainable low-carbon future. It is a leading patent licensor of clean energy, petrochemicals, refining, natural gas processing and renewable technologies, and a provider of catalysts, proprietary equipment, digitization and related life-cycle services to customers worldwide.