By: ICN Bureau
Last updated : October 04, 2023 9:59 am
Agreement strengthens Lummus’ experience developing and commercializing solutions for plastics circularity
Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced an agreement with Dongyang Environment Group to deploy Lummus’ advanced plastics recycling technology in South Korea. The plant will be located in Seosan, Chungcheongnam-do, Korea, and will be operated by Dongyang Environment's subsidiary, Seohae Green Chemical.
“We are pleased to announce this agreement with Dongyang Environment, one of South Korea’s leading providers of energy and environmental services,” said Greg Shumake, Vice President and Managing Director of Green Circle. “This is a significant step forward in our commitment to the circular economy and to deploying advanced plastics recycling technology in South Korea and other key markets around the world.”
Lummus’ Green Circle business unit will provide to Dongyang Environment its advanced plastic recycling technology, which effectively converts plastic waste into high-value chemicals and feedstocks, creating circularity. This technology is a proven, reliable and economic solution to address the global plastic waste problem, offering additional environmental benefits such as a lower carbon footprint and the elimination of char production.
“Dongyang’s resource recycling and energy conversion expertise and Lummus’ world-class technology will create strong synergies,” said Byung Jin Song, the head of Dongyang Environment R&D center. “Additionally, Dongyang will strengthen its position in the chemical recycling industry, offering more sustainable products and increased value to our customers.”