SKGC, Loop further invest in chemicals recycling

Market: Petrochemicals
03/05/23

South Korean chemicals firm SK Geo Centric (SKGC) and Canadian chemicals recycler Loop Industries have signed a joint-venture agreement to set up a depolymerization facility in South Korea.

The facility will be the latest addition to the Ulsan Advanced Recycling Cluster and is expected to open in 2025. It will have a plastic recycling production capacity of 70,000 t/yr. SKGC and Loop have a 51:49 split in the joint venture, which is the third of its type between the companies.

SKGC and Loop are targeting building three depolymerization plants in Asia by 2030 in response to increasing demand for recycled polymers.

SKGC and Loop are also working with French environmental utility Suez to build a recycled polyethylene terephthalate (rPET) facility in Saint-Avold, France, aiming for the 70,000 t/yr rPET facility to be fully operational by 2027.

SKGC in November 2022 signed a heads of agreement with UK-based pyrolysis technology supplier Plastic Energy to build a pyrolysis plant at the Ulsan complex. SKGC estimates the plant will have a processing capacity of 66,000 t/yr of plastic waste. Operations are planned to begin in the second half of 2025.

By Akash Ravinran

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15/12/25

Japan’s Mitsui Chemicals to raise S Korea MDI output

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11/12/25

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Commodity rail shippers push for more train data

11/12/25

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11/12/25

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SKGC, Loop further invest in chemicals recycling

Related news posts

IG4 moves closer to Braskem control

IG4 moves closer to Braskem control

Japan’s Mitsui Chemicals to raise S Korea MDI output

Japan’s Mitsui Chemicals to raise S Korea MDI output

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US PET bottle recycling rate falls in 2024

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