Huvis and Jeonbuk Province Establish 'Resource Circulation Ecosystem' for Waste Plastic Recycling

Utilizing In-House High-Purity Recycle Chip Production Facility
Integrated Production from Raw Materials to Yarn

Huvis, a specialized chemical fiber material company, announced on the 25th that it has signed a business agreement with Jeollabuk-do, the Jeollabuk-do Sustainable Development Council, and the Korea Recycling Resource Distribution Support Center to establish a recycling PET resource circulation ecosystem. Photo by Huvis

[Asia Economy Reporter Kim Heeyoon] Huvis, a specialized chemical fiber material company, announced on the 25th that it has signed a "Business Agreement for Establishing a Recycling PET Resource Circulation Ecosystem" with Jeollabuk-do Province, Jeollabuk-do Sustainable Development Council, and Korea Recycling Resource Distribution Support Center.

This agreement was promoted to establish a win-win cooperation system among the province, companies, and the private sector to practice carbon neutrality by promoting the recycling of transparent PET bottles, which are waste resources.

Through this agreement, Huvis will use the high-purity recycled chip production facility, which began operation in April, to produce high-purity recycled raw materials from PET bottles collected by local governments and the private sector. It will also take on the role of producing the high value-added recycled yarn "EcoEver" in an integrated manner.

Huvis explained that when recycled plastic is used as raw material, carbon emissions are reduced by about 40% compared to conventional plastics, so it is expected to practice carbon neutrality as well as resource circulation.

Jeollabuk-do Province will discover and promote policies to separate and recycle transparent PET bottles. The Jeollabuk-do Sustainable Development Council will discover public-private cooperation projects to promote recycling and strive to spread a culture of practice among residents. The Korea Recycling Resource Distribution Support Center will discover systems to promote the separate disposal of transparent PET bottles and establish a stable supply system for recyclable resources.

Goseongwook, head of Huvis Jeonju Plant, said, "To actively respond to the domestic waste plastic problem, we will establish a resource circulation system through public-private cooperation and take the lead in carbon neutrality." He added, "Huvis will actively practice ESG management by expanding eco-friendly technology development, not only with the biodegradable fiber 'EcoEn' commercialized this year but also with biodegradable recycled fibers made from PET bottles as raw materials."

This content was produced with the assistance of AI translation services.