LOTTE Chemical promotes thermal hydrolysis of waste plastic.
■ Waste plastic collected and converted to chemical ingredients… Eco-friendly ingredients for competitive products.
■ Cooperation with petrochemical companies and oil refineries to create an exemplary model to contribute to the vital cycle of resources.
LOTTE Chemical has entered into a contract with KBR to review the technological feasibility of chemical recycling business to turn waste plastic into resources.
Thermal hydrolysis of waste plastic applies chemical recycling to waste plastic that has been difficult to recycle to convert it into useful resources for steam crackers and reduce the amount of waste plastic incinerated and landfilled.
LOTTE Chemical is planning to construct a waste plastic thermal hydrolysis plant to produce 50,000 tons of oil and use the refinery facilities of Hyundai Chemical, a joint venture established with Hyundai Oil Bank, to separate it into eco-friendly naphtha and intermediate.
The eco-friendly naphtha will be injected into the Heavy Feed Petrochemical Complex, the large-scale joint business of LOTTE Chemical and Hyundai Oil Bank, to produce certified eco-friendly synthetic resin products.
LOTTE Chemical established Hyundai Chemical, a joint venture with Hyundai Oil Bank, in 2014 to promote the HPC Project in Daesan, Chungnam. The waste plastic thermal hydrolysis project will be led to create an exemplary model to contribute to the vital cycle of resources.