South Korean Interest in Recuro

A high-level delegation from South Korea visited Recuro in Ålesund, Thursday. The visit resulted in an open invitation to establish and set up recycling facilities in the country with over 51 million inhabitants.

Recuro plans to build and operate plastic recycling plants based on pyrolysis technology. The recycling uses an emission-free heat source and provides a higher plastic recycling grade as the gas from the pyrolysis process is extracted and converted into new plastic raw materials.

South Korea produces large amounts of plastic and has a strong desire to increase their recycling rate. In Norway, the delegation visited the Ministry of Climate and Environment and Recuro, to learn more about plastic recycling technology and opportunities.

"Our technology is very interesting for South Korea, which has ambitions to achieve 50% material recycling by 2030" says Arve Jakobsen, CEO of Recuro.

The delegation represented the Local Government Officials Development Institute (LOGODI) under the Ministry of the Interior and Safety in South Korea. Their goal was to visit and learn from overseas players in the work on policy development related to green transition and recycling.

"We are working very hard to realize technology that can contribute to green transition, and the interest from South Korea is a confirmation that thet echnology we use is world-leading" says Jakobsen.

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Welcome in South Korea

During the visit, Recuro presented their plans for the establishment of a chemical recycling facility for plastic in Norway. They emphasized the project's large, global potential.

"The global plastic consumption is increasing, and all forecasts indicate that this trend will continue. Not all countries have effective recycling schemes in place, and plastic recycling is therefore a large, global growth market" says Jakobsen.

Recuro’s first recycling plant will be located in Norway, but Jakobsen says they are also considering possible markets internationally. South Korea, with its ambitious goal of 50% material recycling by 2030, is a market they want to explore further.

"To achieve such a goal, new technology is required that can also handle the plastic that cannot be recycled with today's commercially available solutions" he says.

The delegation, which clearly saw the potential in the technology, expressed great enthusiasm for the proje

‍We received feedback that we were welcome in South Korea" says Jakobsen with a smile.

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