SK Geo Centric to Build Recycling Plant in France

Published on:
by KnowESG
KnowESG_SK Geocentric CEO
Image of SK geo centric CEO Na Kyung-soo.

SK Geo Centric, a subsidiary of SK Innovation's chemical business, announced its plans to construct a plastic recycling facility in collaboration with French partners in Saint-Avold, located in northeastern France.

SK Geo Centric, a division of SK Innovation's chemical business, has chosen Saint-Avold, in the northeast of France, as the site for a new plastic recycling plant that will be built with French partners.

The plant site was selected in collaboration with the French water and waste management company Suez and the Canadian plastic recycling technology company Loop Industries.

Na Kyung-soo, CEO of SK geo centric, expressed excitement about this significant milestone for the company. He noted that they will use their extensive experience in operating petrochemical processes to lead the construction of a sustainable circular economy in Europe.

The three companies plan to spend about 450 million euros ($478 million) on building the plant at the beginning of 2025. When it is finished in 2027, it will be able to supply about 70,000 tons of recycled plastic each year.

Saint-Avold was selected as the ideal location for the plant due to its efficient industrial infrastructure and a central location within a densely populated area of northeastern France. The French Ministries of Industry and Ecology, the Grand Est region, and the Saint-Avold Synergy region community are supporting this international project.

Loop's cutting-edge depolymerisation technology will be used to convert low-value plastic waste into the purest, virgin-quality plastic. Suez, having ample knowledge of the European plastics market and partnerships with industrial players, will collect, sort, and prepare the feedstocks from waste plastic.

SK geo centric's contribution to solving the global plastic problem and the growing demand for recycled plastic due to European environmental regulations will be addressed through the establishment of the plant.

Additionally, the facility will offer a solution to the global plastic waste challenge by leveraging low-value waste plastic destined for landfill or incineration. The new plant is expected to create job opportunities for the region.

For more technology news

Source: The Korea Herald

Share:
esg
esg
esg
esg

Tech Headlines

Workday Paves the Way for Greener Mining with ESG Tech

Workday Paves the Way for Greener Mining with ESG Tech

IntelChain Eyes Carbon Credit Revolution with AI-Blockchain Boost

IntelChain Eyes Carbon Credit Revolution with AI-Blockchain Boost

Google Affiliate to Build Massive AI Data Campus in West Memphis

Smart Farming: How AI Tools Are Changing African Agriculture

UN: AI Fuelled 150% Rise in Tech Giants’ Data Centre Emissions

East Midlands Airport’s 60+ Vehicles Now Use Renewable Fuel

AI-Powered Sustainability: PwC’s New Tool Changes the Game for CSRD

UK Firm’s ESG Reporting Solution Saves over 6,000 Hours

How Skills-Based Hiring Can Solve the Green and AI Jobs Gap

The AI Energy Crunch: Bigger Models, Bigger Consequences