Seoul, March 15: Korea Zinc, South Korea's leading nonferrous metal processing firm, said on Friday that it has partnered with chemical company LG Chem Ltd for business opportunities in the used plastics recycling market in the US.

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. Asia-Pacific Region’s Market Value Expected To Reach Over ‘USD 6 Trillion’ by 2030.

In 2022, Korea Zinc acquired an entire stake in U.S. e-waste recycling firm IGNEO Holdings through its U.S. subsidiary Pedalpoint Holdings, reports Yonhap news agency. Tim Berners-Lee, Inventor of World Wide Web Made Predictions About Artificial Intelligence and How Web Would Look Like 35 Years Ago; Check How Many Came True.

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

(The above story first appeared on LatestLY on Mar 15, 2024 10:38 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).