Planned Korean Recycling Plant Will License Honeywell Technology
Korean waste management company GE Technology plans to activate facility in 2025.
Honeywell announced that the Korean waste management company GE Technology will license the company’s Upcycle process technology at a planned advanced recycling facility. The plant will be able to convert mixed waste plastics into recycled polymer feedstock.
Production is expected to start up in 2025, and will represent the first implementation of the Upcycle process technology in Korea. The planned chemical recycling plant is expected to have capacity to transform 30,000 metric tons of mixed waste plastics per year.
Test oil samples from Honeywell’s recycling process.
Photo Credit: Honeywell
UpCycle process technology utilizes molecular conversion, pyrolysis, and contaminants management technology to convert waste plastic to recycled polymer feedstock, which is then used to create new plastics. The UpCycle process can be used with a range of plastics including colored, flexible, multilayered packaging, and polystyrene.
In 2018, the South Korean government set a goal of recycling 70% of plastics by 2030. GE Technology was established, as GE Solution, also in 2018.
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