LOTTE Chemical–Incheon Office of Education–Incheon Federation of Environmental Movements
Enter MOU for Establishing Waste Plastic Resource Circulation Culture
■ LOTTE Chemical ‘Project LOOP’, Incheon Metropolitan Office of Education, and the Incheon Federation of Environmental Movements
team up to improve awareness on resource circulation and to create a culture of separate collection of wastes
■ Installation of waste PET collection bins at schools and conduct resource circulation education programs....
Establish opportunity to construct infrastructure for proper circulation of resources for students who will be our future generation
■ LOTTE Chemical CEO Kim Kyo-hyun, “Meaningful project in which the private, government and corporate sectors can perform
their roles for recycling plastics…“It will help expand the culture of good resource circulation”
LOTTE Chemical, Incheon Metropolitan Office of Education, and the Incheon Federation of Environment Movements signed an MOU for establishing a resource circulation culture for waste plastics at the Incheon Metropolitan Office of Education on the 15th. LOTTE Chemical Vice Chairman and CEO Kim Kyo-hyun, Incheon Superintendent of Education Doh Sung-hoon, and Incheon Federation of Environmental Movements Co-President Shim Hyung-jin were present at the signing ceremony.
Through this MOU, LOTTE Chemical will provide support for installing waste PET collection bins at approximately 20 schools in Incheon, while constructing a recycling process with various companies including current participants of Project Loop so that the gathered waste PET bottles can be recycled. The Incheon Metropolitan Office of Education and Incheon Federation of Environmental Movements will develop and operate educational programs for resource circulation as part of their efforts to improve awareness on proper resource circulation and establish appropriate separate waste collection cultures for students who are our future generation. This is the first case in which the private, government and corporate sectors jointly construct infrastructure for improving recycling rates and minimizing unnecessary incineration and landfills.
Since January of 2020, LOTTE Chemical has been pursuing Project LOOP focusing on expanding recycled plastic materials and improving the plastic recycling culture by constructing a plastic circulation system. It is expanding its reduce, replace, redesign, reuse, and recycle plans by applying the 5Re model for plastic resource circulation structures to make recycling possible from the material production stage to after its use.
LOTTE Chemical CEO Kim Kyo-hyun said, “This is a meaningful project in which the private, government and corporate sectors are able to do their parts at their positions for the recycling of plastics,” while adding, “This is even more meaningful in that it is a project for the future generation and LOTTE Chemical will continue to do its parts to help spread the resource recycling culture.”