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SK geo centric and PureCycle Advance Plans for Korea Recycled Polypropylene Plant
January 10, 2022

Global Polypropylene (PP) producer SK geo centric (SKGC) and US recycling company PureCycle Technologies have signed a non-binding head of agreement (HOA) to open Asia's first recycled PP (rPP) plant in Ulsan, South Korea, which is expected to have a capacity of 60,000 mt/yr.

The HOA follows a memorandum of understanding (MOU) between the two companies signed back in August 2021 and comes after SKGC's evaluation of PureCycle's solvent extraction technology in November 2021. The Ulsan plant has a target completion date by end-2024.

Kim Jun, Vice Chairman and CEO of SK innovation, said SKGC will play a significant role in SK Innovation's Carbon to Green strategy, along with its battery business, adding that the company will continue to innovate existing business models and further expand cooperation with global companies with eco-friendly technologies to build a pure plastic environment.

PureCycle said it will leverage its plant module construction processes and partnerships to accelerate the building of the plant in South Korea. PureCycle is currently constructing a flagship recycling facility in Ironton, Ohio, where it has already presold more than 20 years of UPRP output, and commercial production is expected by Q4 2022 with total installed capacity of 107 million lbs.

PureCycle also plans to reach one billion lbs of production across its network by 2025, where it will produce virgin-like rPP from PP. The company announced in July 2021 that it plans to build its first US cluster facility in Augusta, Georgia. The Augusta cluster facility is designed to ultimately produce up to 650 million lbs/year across five processing lines.

By Brian Balboa for The Plastics Exchange.

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