Annual 40,000t Recycled Plastic Raw Material Utilization
Hanwha Co., Ltd. Global Plant Execution Capability
Dongyang Environment Co., Ltd. Recycling Expertise Synergy
Hanwha Corporation's Global Division announced on the 11th that it has signed a Front End Engineering Design (FEED) contract with Dongyang Environment for an eco-friendly pyrolysis oil production plant using recycled plastics as raw materials.
This project involves constructing an eco-friendly plant in Seosan, Chungnam, that produces pyrolysis oil from 40,000 tons of recycled plastics annually. It applies advanced process technology from Lummus Technology. The produced pyrolysis oil will be used as raw materials for high value-added chemical products such as naphtha.
Pyrolysis of recycled plastics is expected to reduce carbon emissions through resource circulation. Unlike simple physical recycling of plastics, it has no limit on the number of recycling cycles and recovers raw materials, which helps maintain quality.
Focusing on eco-friendliness and carbon neutrality, Hanwha Corporation's Global Division plans to carry out FEED engineering for about 12 months based on its high technological expertise in waste resource pyrolysis, which it has continuously researched and developed.
Dongyang Environment, which is leading the project, is expected to play a leading role in revitalizing the circular economy by actively entering the chemical recycling field of recycled plastics together with its affiliate, Seohae Green Chemical.
Song Byung-jin, Head of Dongyang Environment R&D Center, said, “We will build an eco-friendly plant that integrates advanced technology through the synergy of Dongyang Environment’s expertise in resource recycling and energy transition, Hanwha’s global plant execution experience and design capabilities, and Lummus’s world-class petrochemical licenses.”
Nail Seok, Executive Director of Hanwha Corporation’s Plant Business Division, said, “Hanwha Corporation’s Global Division is continuously expanding its fields of clean ammonia, hydrogen, CSS (carbon capture and storage), and waste resource pyrolysis for carbon neutrality. Through this project, we expect to further enhance our technological competitiveness in the energy transition sector.”
Hanwha Corporation and Dongyang Environment, together with Dr. Raho Won’s team at the Korea Institute of Energy Technology, participated in the ‘Research Institute Techno-mics Audition’ hosted by the Ministry of Science and ICT and the National Research Council of Science & Technology this year, and received the Minister’s Award from the Ministry of Science and ICT for their jointly researched and developed ‘Waste Plastic Energy Production Plant Technology.’
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