Dec.2024 07
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During the INC-5 Meeting Period, Chinese and South Korean Environmental Protection Companies Signed a Contract to Jointly Promote Global Plastic Pollution Management

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During the fifth session of the Intergovernmental Negotiating Committee (INC-5), Hunan Vary Tech Co., Ltd., a pioneer in environmental protection in China, signed a contract with a renowned Korean energy recovery company to cooperate on chemical recycling technology for waste plastics, working together to address the global issue of plastic pollution.



The INC-5 meeting was held in Busan, South Korea, a key step in the global plastic pollution governance negotiations led by the United Nations Environment Programme. The aim is to establish a legally binding global agreement on plastic pollution, with the expectation of reaching a final agreement by the end of 2024. Against this backdrop, the cooperation between a Chinese and a South Korean company becomes particularly significant.

Vary Tech has been deeply engaged in the resource utilization of solid waste for nearly 20 years, forming three core technologies: mechanical crushing and sorting, oxygen-free pyrolysis, and molecular film fermentation tank. It has created numerous world-leading achievements. The company adheres to the innovative strategy of "advancing both physical and chemical recycling," achieving remarkable results in the governance of plastic pollution. In the field of physical recycling, it has realized the large-scale production of high-value recycled plastics (PCR) from waste plastics of household appliances and developed a fully traceable intelligent platform across the entire supply chain. In terms of chemical recycling, it has made technological breakthroughs in continuous feeding and discharging systems, flexible combined sealing, heat carrier circulation, and self-cleaning coking, achieving a leap from a daily treatment capacity of 60 tons in demonstration projects to 600 tons in industrial applications. The daily treatment capacity of a single set has exceeded 150 tons. At the same time, it has successfully developed customized electromagnetic waste plastic chemical recycling equipment, which has been applied in the international market, promoting technological progress in the industry and contributing Chinese wisdom to global plastic pollution control.

The South Korean environmental protection company, which has been in operation for 15 years, specializes in the recycling and utilization of waste synthetic resins and the production of solid recovered fuel (SRF). Their business covers the entire resource recycling process, including collection, sorting, grinding, and molding. They produce over 10,000 tons of solid fuel annually and hold a significant position in the field of solid fuel production and comprehensive recycling in South Korea.

According to the agreement, both parties will cooperate in the field of chemical recycling of waste plastics. Che Tao, the deputy general manager and general manager of the Equipment and System Service Division of Vary Tech, said, "This cooperation is a concrete action in response to the global initiative to address plastic pollution. We will leverage our respective strengths to contribute to the implementation of the upcoming global agreement on plastic pollution control."

CEO of South Korean environmental protection company, Kim Dong-myung, stated, "Against the backdrop of the increasingly urgent need to address global plastic pollution, the innovative capabilities of technology-leading companies like Vary Tech will be key to driving industry development. We look forward to integrating our respective expertise and technological strengths to develop more environmentally friendly and cost-effective treatment solutions, making significant contributions to the realization of a global plastic circular economy system."



The cooperation between Chinese and South Korean companies will bring new solutions to global plastic pollution management. This not only helps to promote the formulation and implementation of global plastic pollution control laws but also indicates a broader trend of international cooperation in the environmental protection industry. However, it also faces challenges such as the unification of technical standards and policy coordination.

As the global plastic pollution governance agreement is gradually implemented, plastic pollution governance will become a new growth point for the environmental protection industry. The cooperation between Chinese and South Korean enterprises will not only benefit the development of the environmental protection industry in both countries but also provide strong technical support for global plastic pollution governance.