Incheon [South Korea]: POSCO International Corp. recently announced its entry into the biodegradable plastic recycling sector with the signing of a memorandum of understanding (MOU) with two bioplastic companies. This move is part of their effort to expand their green portfolio and promote sustainability initiatives.
On Tuesday, POSCO International, TotalEnergies Corbion (Netherlands) and Esol (South Korea) announced a deal that will see them work together on the development of polylactic acid (PLA) recycling technologies. This collaboration promises to have a positive impact on the industry, allowing for further development and innovation in sustainability within the realms of bioplastic manufacturing.
PLA is a biodegradable polyester made from renewable materials like starches from corn and sugar cane. This eco-friendly plastic breaks down more easily than other plastics, making it an excellent choice for sustainability. This material is widely used in food packaging due to its low environmental impact. The demand for PLA recycling is also increasing, making it a great option for sustainable solutions. POSCO International will be the driving force behind this partnership, providing both financial and management support. With their help, we can look forward to more sustainable and green solutions being rolled out that are based on using PLA for packaging materials.
TotalEnergies Corbion and Esol have joined forces to help push forward the establishment of a PLA recycling facility. Using its PLA technologies, TotalEnergies Corbion will be able to recycle waste PLA materials supplied by Esol.
South Korean steel giant POSCO Holdings Inc. is diversifying its areas of business, with a focus on promoting green energy and resources, such as carbon capture and storage. This move is part of their efforts to become more environmentally conscious and sustainable in the long-term.