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 30,000t 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.”
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GE Technology’s recycling facility will be the first in South Korea to use Honeywell’s 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 the technology can recycle nearly 90% of waste plastics.
Honeywell’s UpCycle Process Technology will also be implemented in facilities across the US, 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.