Lotte Chemical and Pulmuone are collaborating to develop packaging using recycled plastic materials.
On the 21st, the two companies signed a Memorandum of Understanding (MOU) for eco-friendly packaging development at Pulmuone Technology Institute in Osong, Chungbuk, and agreed to jointly promote the project.
Lotte Chemical and Pulmuone signed a business agreement (MOU) for the development of eco-friendly packaging on the 21st at Pulmuone Technology Institute in Osong, Chungbuk. Hwang Min-jae, Head of Lotte Chemical Comprehensive Technology Institute (left), and Lee Sang-yoon, Head of Pulmuone Technology Institute.
They will cooperate in developing eco-friendly food packaging using chemically recycled materials. They also plan to work together to ensure a stable supply of raw materials for eco-friendly packaging and to expand the commercialization of products using eco-friendly raw materials.
Chemical recycling is characterized by chemically breaking down plastics into pyrolysis oil in the form of oil, which can be recovered as clean raw materials such as polypropylene (PP) and polyethylene (PE), unlike physical recycling that simply melts plastics for reuse. It is a recycling technology that has recently gained attention due to its high recycling rate and contribution to resource circulation.
Hwang Min-jae, Head of the Comprehensive Technology Institute at Lotte Chemical, said, "We will strive for research and development and commercialization of eco-friendly plastics, including collaboration on eco-friendly packaging," adding, "We plan to expand related businesses by understanding the resource circulation trend."
Lee Sang-yoon, Head of Pulmuone Technology Institute, stated, "We expect to create synergy for the development of the food industry," and added, "We will develop eco-friendly materials and packaging that can help the global environment."
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