The Korea Times
City Oil Field, a company specializing in technologies that convert waste plastics into high-quality oil, said Friday that WAVE Jeongeup and Trafigura have signed a sales contract covering the entire output of naphtha-grade recycled feedstock produced at the former. WAVE Jeongeup is a facility that uses City Oil Field’s proprietary noncombustion low-temperature pyrolysis technology. The company said the deal marks the first overseas export of recycled feedstock produced with Korean-developed technology, signaling the beginning of its efforts to build a global supply chain. According to the company, the agreement also marks the first export of ISCC PLUS-certified, naphtha-grade recycled feedstock made from waste plastics to a global commodities company such as Trafigura. The company said the deal goes beyond conventional plastic recycling, as recycled feedstock produced with Korean-developed technology has been incorporated into a global petrochemical supply chain. It added that the global recycled naphtha market has so far been dominated by Northern European and major global energy com
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