Formosa Plastics partners with CATACK-H for CFRP recycling solution
Formosa Plastics Corporation (FPC) partners with CATACK-H, a South-Korea based start-up recycler of carbon fiber composite for offering clients the total solution from virgin CF, waste recycling to recycled CF. The collaboration is a part of FPC’s sustainable strategy and will further advance to the realization of a recycling-based society.
For the sustainability and circular economy, companies of composite industry are keen to join forces to closed-loop recycling for carbon fiber composite waste. As a main carbon fiber manufacturer, Formosa Plastics Corporation (FPC) offers the total solution of carbon fiber composite from virgin CF, waste recycling to recycled CF for clients by building the partnership with recycler CATACK-H.
Collaborating with CATACK-H, carbon fiber composite waste could be sourced from FPC’s factory and clients, and converted into a wide range of recycled products via CATACK-H’s patented process. However, demand for recycled products is high due to the value of corporate social responsibility. More clients and consumers are looking for sustainable materials for innovative application. It will boost the growing market for recycled carbon fiber in the coming future.
CATACK-H, a South-Korea based start-up recycler is specializing in the recycling of CFRP materials with their environmentally friendly and low-cost decomposition technology. Compared with other existing technologies, the unique technology allows CATACK-H to recover not only high-quality carbon fibers with properties similar to virgin carbon fiber but also the resins used for the manufacturing of CFRPs. The current processing capacity is 1,000 tons of waste, however, as soon as the second facility goes into production in 2022, the amount will increase to around 5,000 tons.
FPC is excited about the opportunity to partner with CATACK-H and make the efforts to achieve a circular economy. The collaboration is a part of FPC’s sustainable strategy and will further advance to the realization of a recycling-based society.
This news has been published on azl-aachen-gmbh.de, with editorial changes made by JEC Group.