SK Global Chemical and Brightmark partnered to build a plastics renewal facility in South Korea.
The plant will have 100,000 tpa capacity, pursuing the plastics-to-plastics circular economy. It would utilize a pyrolysis method.
The feasibility study for the facility will occur this year and the two companies will combine the experience of pyrolysis and post-treatment in South Korea.
By the end of 2021, they will finish the evaluation of the most optimal methods to operate, scale, and develop Brightmark’s technology within South Korea prior to the finalization of a joint venture agreement for the plant development and operation.
