A-Route announced on the 2nd that its recycling-specialized subsidiary, A-Route Eco, has completed the construction of a resource circulation plant located in Seosan-si, Chungnam. A-Route Eco will achieve resource circulation through waste recycling at the Seosan plant and plans to officially start its business from this completion milestone.
A-Route Eco established the Seosan resource circulation plant by applying Asia's top-level automation facilities and technologies. During the infrastructure construction process, a significant portion was invested in the latest equipment to improve yield, and various automation technologies were implemented to maximize productivity. The Seosan resource circulation plant covers a site area of 20,000㎡ (approximately 6,200 pyeong) and has an annual resource circulation processing capacity of over 75,000 tons.
Starting from the completion of the Seosan resource circulation plant, A-Route Eco plans to proceed with mass production to maximize sales in the recycling business. It intends to secure raw materials from nearby locations such as the Daesan Petrochemical Complex and supply fuel to construction material companies. The company explained that it will further advance resource circulation technology to supply fuel to power plants and expand its business into the carbon emission trading sector.
Recently, interest in carbon neutrality and resource circulation has increased for ESG (Environmental, Social, and Governance) management, leading to expanded related investments. The government has announced plans to invest 450 trillion KRW in green finance by 2030 to achieve carbon neutrality. According to McKinsey, a global market research firm, the global waste plastic market size is expected to grow to approximately 600 trillion KRW by 2050.
An A-Route Eco official stated, “The global recycling market is rapidly growing due to the activation of policies on resource circulation, and we will take the lead in the market centered on the Seosan resource circulation plant, which is Asia's top level in terms of automation technology and facility scale. With the plant's completion, we expect substantial performance to occur soon, and we will maximize sales by supplying fuel to various industries in the future.”
Major landfill sites in metropolitan local governments in Korea are starting to ban direct landfill as early as this year and are transitioning to resource circulation. Accordingly, demand for recycling plants is expected to surge. The recycling business is characterized by high entry barriers due to infrastructure construction, enabling stable cash generation once the market is secured.
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