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LG Chem is investing in the UK plastics recycling technology developer Mura Technology. It will take out a license for Mura’s process, which uses supercritical water to break down postconsumer plastic waste, for a plant in South Korea that will have 25,000 metric tons of annual capacity. Mura has also licensed its technology to Mitsubishi Chemical for a plant in Japan and has formed partnerships with Dow and Chevron Phillips Chemical. Mura is building its own plant in Teesside, England, that will start up later this year.
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