OCI Expands Eco-Friendly Material Business Utilizing Waste Plastic

Production of 'Carbon Black' Tire Material Using Pyrolysis Oil

OCI carbon black products produced using recycled pyrolysis oil. Photo by OCI

OCI announced on the 23rd that it will actively expand its eco-friendly materials business by utilizing recycled pyrolysis oil produced from waste plastics and waste vinyl, which have recently gained attention as eco-friendly raw materials.

Recycled pyrolysis oil is crude oil produced through chemical recycling by heating and decomposing waste plastics and waste vinyl at high temperatures. Since waste plastics are reused as raw materials instead of being incinerated, carbon emissions can be significantly reduced. In the recent focus on establishing a circular economy, recycled pyrolysis oil through chemical recycling is considered a key solution.

Currently, OCI is producing eco-friendly carbon black, a raw material for tires, using this recycled pyrolysis oil. Last year, OCI earned the international eco-friendly product certification 'ISCC (International Sustainability & Carbon Certification) Plus,' recognizing its eco-friendly competitiveness. With the strengthening of global environmental regulations in Europe and elsewhere, the demand for eco-friendly carbon black is continuously increasing. To respond to this growing demand, OCI acquired a recycled pyrolysis oil company based in Jeonbuk to secure a stable raw material supply chain, while continuously expanding its eco-friendly materials business and contributing to resource circulation and carbon emission reduction.

In addition to carbon black, OCI is reviewing ways to utilize recycled pyrolysis oil as a raw material for other products currently in production, and plans to expand various high value-added eco-friendly businesses in the mid to long term, including overseas business expansion.

Kim Yoo-shin, CEO of OCI, stated, "OCI will contribute to resource circulation and carbon emission reduction by expanding the use of eco-friendly raw materials," adding, "We will continue to accelerate research and development of products based on eco-friendly raw materials, expand the eco-friendly high value-added materials business, and strengthen ESG management to become a company that adds value to the world."

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