Eldicarbon-SK Incheon Petrochem, MOU Signed to Diversify Pyrolysis Oil Use and Carbon Black Raw Materials

Establishing a Waste Recycling System and Collaborative R&D through Waste Tire Recycling

[Employees of both companies attending the business agreement ceremony]

Waste treatment and raw material recycling company LD Carbon Co., Ltd. (hereinafter LDC, CEO Baek Seong-moon, Hwang Yong-gyeong) has signed a business agreement with SK Incheon Petrochem (CEO Choi Yoon-seok) to utilize pyrolysis oil and diversify raw materials for carbon black.

On the 23rd of last month, LDC and SK Incheon Petrochem held a business agreement ceremony and agreed to cooperate in utilizing pyrolysis oil, treating pyrolysis residues, and promoting research and commercialization of circular resource materials using these, while joining forces to establish a waste circular economy.

According to this agreement, both companies plan to closely review △ the input of waste tire pyrolysis oil into petrochemical processes △ utilization plans for pyrolysis solid residues from waste tires, plastics, and other wastes. Based on this, they will collaborate on research and commercialization of eco-friendly circular resource materials such as carbon black, carbon ash, rubber powder, and other organic and inorganic materials.

Baek Seong-moon, CEO of LD Carbon, stated, “As sustainable ESG management and carbon neutrality have become global issues, interest in producing circular resource materials using waste has greatly increased. We are leading efforts to solve global environmental issues through carbon black and pyrolysis oil products made from waste tires that cause soil and water pollution.”

He added, “This business agreement with SK Incheon Petrochem allows us to diversify utilization methods for pyrolysis oil and plastic pyrolysis residues generated during the waste tire recycling process.”

Meanwhile, LD Carbon is an eco-friendly material industry company that manufactures circular resource materials to reduce carbon dioxide emissions and crude oil resource use for a sustainable future, and to solve environmental problems caused by various wastes. It supplies eco-friendly carbon black ‘GCB’ (Green Carbon Black), manufactured by pyrolysis, refining, and processing of waste tires, to domestic and international tire and rubber product manufacturers.

Last year, to proactively respond to climate change and environmental crises, it was selected as one of the ‘2021 Green New Deal Promising Companies 100’ awarded by the Ministry of Environment and the Ministry of SMEs and Startups to promising SMEs with green technologies. In March of this year, it became the first company in the domestic carbon black industry to obtain the international eco-friendly certification ‘ISCC PLUS.’