TotalEnergies Corbion, POSCO International and ESOL formed a partnership aimed at developing the PLA recycling infrastructure and technology in South Korea. The partnership will contribute to the Korean Government framework for carbon neutrality.

POSCO International aims to enter the biobased plastic recycling sector as part of its bid to expand its green portfolio.

While POSCO International will oversee and finance the project, ESOL is responsible for retrieving the Post Consumer Recycle (PCR) PLA waste and further advance the technology to collect, sort. clean, purify and rework the PLA. TotalEnergies Corbion will be supporting the project with knowhow and experience in the field of advanced PLA recycling.

“TotalEnergies Corbion is already supplying Luminy rPLA, a recycle based PLA, to the South Korean market and creating a local plan to reprocess PLA waste will just accelerate the transition to an even more circular economy,” said Thomas Philippon, TotalEnergies Corbion CEO.

POSCO International executive vice president Lee Sang-hoon, stated "We expect to enhance our ESG business and, furthermore, to help our society to transform to a circular economy."