Metallurgy / Chemicals / Rubber & Plastics

Recently, LG Chem announced that the company will cooperate with British company Mura Technologies to build Korea's first hydrothermal plastic recycling facility using the supercritical water process. The facility, located in Dangjin, Chungcheongnam-do, uses Mura's hydrothermal plastic recycling technology and is designed to produce 20,000 tons of liquid products per year. If the recycling facility is fully operational by the first quarter of 2024, expansion will also be considered, the companies said, with validation of actual products and future market conditions.

LG Chem said that the plant's pyrolysis oil production rate will be the highest in the industry, because the technology can convert more than 80% of plastic waste into renewable oil to replace fossil fuels, and the remaining 20% of by-product gas can also be used as The operating energy of related facilities is reused.

Kug lae Noh, president of LG Chem's petrochemicals business, said: "The partnership with Mura is a very important milestone as chemical recycling facilities will be internalized to accelerate plastic resources through collaboration with leading global companies on sustainable technologies. Building a circular economy.”

Mura has already carried out some plastic recycling cooperation in Asia. In August 2021, Mura and KBR announced that they had decided to build the first hydrothermal plant in Japan with Mitsubishi Chemical Holdings. Mura said the company plans to build a global plastic recycling capacity of 1 million tons per year by 2025.