SOUTH KOREA – South Korea-based waste management company GE Technology is to deploy Honeywell’s UpCycle Process Technology at its advanced plastic recycling facility in South Korea.
Scheduled to begin production in 2025, the plant will convert mixed waste plastics into Honeywell Recycled Polymer Feedstock (RPF).
The resulting RPF will be used to manufacture new plastics and contribute towards a circular economy for plastics.
GE Technology’s advanced recycling plant will be capable of transforming 30,000 tonnes of mixed waste plastics into Honeywell RPF a year.
GE Technology vice-president Woo-Hyun Shim said: “Honeywell’s UpCycle Process Technology not only allows us to reduce waste by expanding the types of plastics that can be recycled, but also displaces the need for fossil fuels in the creation of virgin plastics.
“Enabling a circular economy for plastics in Korea is now possible through our licensure with Honeywell and their UpCycle Process Technology.”
Created within Honeywell’s Sustainable Technology Solutions (STS) business, the technology combines molecular conversion, pyrolysis and contaminants management technology to convert waste plastic to Honeywell RPF.
Honeywell claims that when used in conjunction with other chemical and mechanical recycling processes – along with improvements to collection and sorting, the technology can recycle nearly 90% of waste plastics.
The announcement expands the UpCycle Process Technology footprint, building on Honeywell’s recent announcements in the U.S., Spain, Turkey, China, and Egypt.
Honeywell Sustainable Technology Solutions vice-president and general manager Barry Glickman said: “GE Technology is the first company in Korea to license Honeywell’s UpCycle Process Technology, which will build upon GE Technology’s existing capability in waste collection and mechanical recycling.
“Honeywell’s technology can play a key role in driving a circular plastics economy to tackle the global challenge of plastic waste.”
GE Technology aims to help achieve plastic circularity, carbon reduction and a hydrogen economy, having operated material recovery facilities for several years.
Meanwhile, Honeywell is committed to achieving carbon neutrality in its operations and facilities by 2035.
This commitment builds on the company’s record of sharply reducing the greenhouse gas intensity of its operations and facilities as well as its decades-long history of innovation to help its customers meet their environmental and social goals.
Approximately 60% of Honeywell’s new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.
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