The new recycling facility will be used for the conversion of polypropylene (PP) waste into ultra-pure polypropylene resin (UPRP)
PureCycle and SK Global Chemical have collaborated to build ultra-pure recycling facility in South Korea. (Credit: Adrian Malec from Pixabay)
PureCycle Technologies has entered into a memorandum of understanding (MoU) to construct an ultra-pure recycling facility in South Korea.
Under the deal, the partnership will build and operate a recycling facility for the conversion of polypropylene (PP) waste into ultra-pure polypropylene resin (UPRP).
The MoU is expected to enable both companies to address the ongoing plastic waste crisis in South Korea and across the world.
SK Global Chemical CEO Na Kyung-soo said: “The partnership with PureCycle shows our deep commitment to creating a circular economy for plastics and shows that we can collaborate globally to solve the plastic waste problem.”
The new facility is being built to support the development of solvent-based recycling operations in the Asia Pacific and add to the facility locations already growing across the US.
The advanced technology will be used by PureCycle for the recycling of waste polypropylene into UPRP for applications ranging from consumer goods, automotive, building and construction and industrial uses.
In addition, the firm will hold the potential to process a range of waste polypropylene with varying levels of contamination and efficiently remove containments to create an ultra-pure polypropylene resin.
PureCycle CEO Mike Otworth said: “We are bringing together a premier team of experts to achieve our goal of recycling one billion pounds of polypropylene waste by 2025. The sad reality is that ninety-one per cent of plastic waste is not recycled.”
PureCycle has also announced that the construction of the Ironton recycling facility in Ohio is in progress and is anticipated to begin commercial operations in the fourth quarter of 2022.
Last month, PureCycle announced an initial investment of up to $440m to support the development of its new recycling facility in Georgia, US.