The project utilizes EPIC ESG’s proprietary, leading-edge, “grouped” pyrolysis technology to convert previously unusable waste plastic into highly valued liquid fuels and green electricity. Even better, these energy sources are recycled, allowing us to leave fossil fuels in the ground where they belong and cannot do any more harm to our planet or the environment.

One operating P2E machine produces fewer emissions than two typical 2,400 square foot houses. 

For those who are scientists and industry experts, the total particulate matter for the Total Stack Gas Emissions for the operating system, based on 100% availability and 24/7 operation is 0.001 lbs./hr. or from 0.0001 to 0.0004% of the allowable limit! Systems Emissions are per system, as outlined by regional/ municipal requirements.

EPIC ESG’s development teams spent more than a decade developing a proprietary small footprint, scalable, “grouped” pyrolysis technology as a safe, low emissions, eco-friendly system to the market that is fully commercialized and ready for mass implementation.

The pyrolysis technology that EPIC ESG has adopted is safe, with total emissions for each unit being lower than that of two single-family houses. It has a small footprint, less than 5,000 square feet for each unit installed. 

The very low emissions, zero-carbon footprint, small size, and green basis of each unit engage brilliant innovation reduces permitting and implementation, design, siting, operations, and long-term costs as an alternative to current, large footprint energy projects.

South Korea’s 2019 government mandate to find a solution for the plastic waste problem alongside the nation’s strategic policy and development commitment to a green hydrogen strategy and toward a carbon-neutral footprint by 2050 provides a legislative and environmentally and socially responsible environment for the project that will foster its success.

The Republic of Korea has achieved remarkable success in combining rapid economic growth with significant poverty reduction. The government of Korea’s policies resulted in real gross domestic product (GDP) growth averaging 7.3% annually between 1960 and 2019. This strong performance was fueled by annual export growth of 16.0% on average from 1961–2019, while savings and investment rose to 34.7% and 29.8% of GDP respectively. 

As the first former aid recipient to become a member of the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) in 2009, Korea’s gross national income (GNI) per capita increased rapidly from US$67 in the early 1950s to over US $30,000 in 2018. 

In 2019, EPIC ESG and ELT LTD engaged STX Corporation as an operational, in-country partner to roll out the CLEAN ENERGY SOUTH KOREA implementation plan.

STX is a publicly-traded, trading and management company that has been operational in South Korea since 1981.

In conjunction with ELT LTD and EPIC ESG, STX has completed feasibility and due diligence on the four properties and the two businesses identified by ELT LTD and the project has secured the properties and businesses with purchase contracts.

The project is spread across four sites in South Korea: Suncheon, Gwangyang, Chungyang, and Ansung. Suncheon is a city in South Jeolla Province, a scenic agricultural and industrial city of around 250,000 people near Suncheon Bay. It is located in the southeastern corner of Jeollanam-do, just over an hour southeast of Gwangju.

Gwangyang is a city in South Jeolla Province, South Korea. Gwangyang city is the home of POSCO’s Gwangyang Steel Works, the largest facility of its kind in the world. The city is also home to K League Classic football side Jeonnam Dragons. Anseong is a city in Gyeonggi Province, South Korea, 80 kilometers (50 mi) south of Seoul is known as “The City of Masters” and recognized for producing brassware and arts and crafts.

The Seoul Capital Area (SCA), Sudogwon or Gyeonggi region is the metropolitan area of Seoul, Incheon, and Gyeonggi Province, located in north-west South Korea. Its population of more than 25 million is ranked as the fifth-largest metropolitan area in the world. Its area is about 11,704 km2 (4,519 sq mi) and forms the cultural, commercial, financial, industrial, and residential center of South Korea. The largest city is Seoul, with a population of more than 9.8 million people, followed by Incheon, with 3 million inhabitants.

The P2E facilities will remove tens of thousands of tons of plastic waste annually from South Korea’s cities and towns, generating recycled fuels, green hydrogen, and electricity which will be transmitted and sold into the Korean Power Exchange. 

Each P2E unit has the capacity to convert 36 tons of waste plastic into recycled green fuels and electricity every day. The initial phase of the project will employ 10 P2E units at one of the four sites, with later phases of the project scaling to 50 units across all 4 sites. 

As the project enters later phases, the daily amount of plastic waste processed will increase from over 360 tons per day to roughly 1,800 tons per day.