MOSCOW (MRC) -- TotalEnergies Corbion, POSCO International and ESOL announced a partnership aimed at developing the PLA recycling infrastructure and technology in South Korea, said the company.
Hoping to expand its portfolio by entering the biobased plastic recycling sector, POSCO International will oversee and finance the project. The trading company has been working with bioplastics since 2019 and aspires to fully develop post-consumer recycling technology for PLA by 2026.
While TotalEnergies Corbion is set to contribute its own knowledge and experience of advanced PLA recycling, ESOL will source the PLA waste from post-consumer recycling and work towards advancing the necessary technology to collect, sort, clean, purify, and reuse the PLA. The latter is already producing PLA-based products in Korea and aims to establish recycling infrastructure throughout its supply chain for a more sustainable use of plastics in the country’s growing PLA market.
With the global bioplastic market said to be expanding at an annual growth rate of over 20%, the companies aspire to promote the use of PLA in various foodservice and packaging products, such as bottles and containers, through the mechanical and advanced recycling of TotalEnergies Corbion’s Luminy PLA. Recycling a material that is already biobased is expected to facilitate a low carbon footprint and increased circularity.
We remind, TotalEnergies and Paprec, leader in plastic recycling in France, have signed a long-term commercial agreement to develop a French value chain for advanced recycling of plastic film wastes. The agreement will secure the supply of TotalEnergies' future advanced plastic recycling plant in Grandpuits. Following the terms of this agreement, Citeo, the main organization in charge of end-of-life household packaging in France, will provide a stream of flexible plastic waste sorted from post-consumer packaging.