- The 6th ESG Center in Gangseo-gu, Busan, is part of LOTTE's Project LOOP.
- LOTTE Chemical supports nine resource circulation hubs in Busan, Ulsan, and Incheon.
- The center operates as a public-private-corporate cooperation model.
- Elephant Factory provides technical consulting for recycling equipment.
Overview
LOTTE Chemical has opened its 6th "Our Neighborhood ESG Center" in Gangseo-gu, Busan, as part of its Project LOOP initiative. This center aims to enhance the local waste plastic recycling system and promote environmental sustainability.
Project LOOP Expansion
The Gangseo-gu center is the latest addition to LOTTE Chemical's network of resource circulation hubs, which now includes nine locations across Busan, Ulsan, and Incheon. These centers are part of a broader effort to establish a citywide resource circulation system in collaboration with local governments.
Operational Model
The center operates under a public-private-corporate cooperation model, which aims to deliver social value by promoting carbon neutrality and creating jobs for senior citizens. LOTTE Chemical provides the necessary facilities, equipment, and training for the center's operation.
Partnerships and Contributions
Elephant Factory, a partner in the initiative, offers technical consulting services, including the installation and operation of recycling equipment, interior design, and environmental education. The Gangseo-gu Senior Club is responsible for recruiting local senior citizens to manage daily operations such as collecting, sorting, and washing waste plastics.
Recycling Process
The collected waste plastics are processed through Elephant Factory's recycling system, transforming them into recycled raw materials for new products. This process supports LOTTE Chemical's goal of advancing the local waste plastic circulation system and securing high-quality recycled plastic raw materials for future use.
