Lumas and Dongyang Environment signed a plastic recycling technology agreement

Lumas Green
Circle unit signs technology agreement with Dongyang Environmental Group on advanced plastic recycling. The signing of this agreement further strengthens Lummas’ experience in developing and commercializing plastic recycling solutions.

Lumax Technology, a global provider of process technology and value-driven energy solutions, recently announced its partnership with Dongyang Environmental Group (Dongyang
Environment) to deploy units using Lumus’ advanced plastic recycling technology in South Korea. The installation will be located in Seosan, Chungcheongnam-do, South Korea, and will be operated by Dongyang Environmental subsidiary Seohae
Green Chemical operates.

“We are pleased to announce this agreement with Dongyang Environmental, one of South Korea’s leading energy and environmental service providers,” said Greg Green Circle Vice President and Executive Director
Shumake said, “This is an important step forward in our commitment to the circular economy and the deployment of advanced plastics recycling technology in South Korea and other major markets around the world.

Green from Lumas
The Circle business unit will provide Dongyang Environment with its advanced plastic recycling technology, which effectively converts plastic waste into high-value chemicals and raw materials for recycling. This technology is a proven, reliable and economical solution to the global plastic waste problem, providing additional environmental benefits such as a lower carbon footprint and no coke production.

Byung Jin, head of Dongyang Environmental R&D Center
Song said, “Dongyang’s expertise in resource recovery and energy conversion will create strong synergies with Lumax’s world-class technology. In addition, Dongyang will strengthen its position in the chemical recycling industry and provide our customers with better More sustainable products and better value.

Green Circle centralizes and expands the capabilities of Lumas Technologies to seize new opportunities in the energy transition and circular economy. Green
Circle is a leader in providing economically and technically sound solutions for a range of technologies; such as processing solid waste containing plastics and processing a variety of renewable bio-based feedstocks into high value-added chemicals, polymers and fuels;
Help decarbonize refineries and petrochemical units; expand blue hydrogen and biofuel production; and treat industrial wastewater.

Lumas Technologies is a global leader in process technology for modern living, focused on a more sustainable, low-carbon future. It is a leading patent licensor of clean energy, petrochemical, refining, natural gas processing and renewable technologies and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers around the world.