Korea Zinc, LG Chem sign MOU for partnership in U.S. recycling market

Lee Sang-geun (left), head of Korea Zinc’s strategies and planning division, and Lee Hwa-young, senior vice president in charge of the sustainability business unit at LG Chem (Yonhap)

Korea Zinc, South Korea’s leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market.

Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United States based on their e-waste processing and used plastics recycling technologies, respectively, the company said in a statement.

In 2022, Korea Zinc acquired an entire stake in US e-waste recycling firm IGNEO Holdings through its US subsidiary Pedalpoint Holdings.

On top of the e-waste recycling, Korea Zinc is expanding its businesses in the US to recycle used cars, used electric vehicle batteries, and abandoned solar panels, the statement said. (Yonhap)

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