PPS Supports Resource Recovery Technology to Secure Stable Supply of Raw Material 

- PPS Administrator Visits Naphtha-Regenerating Innovative Enterprises to Explore Global Supply Chain Stability

- PPS Supports Securing Stable Market Access by Expanding Resource Recovery Technology

The Public Procurement Service (Administrator Baek Seung-bo) visited City Oil Field (CEO Jeong Yeong-hun) on April 23rd, a company specialized in producing petrochemical feedstock by decomposing waste plastics, to explore ways to expand sales channels and secure stable raw materials through public procurement.

The visit was aimed at strengthening domestic alternative supply chains through waste resource recycling and supporting stable market access for innovative enterprises, especially as geopolitical instability in the Middle East increases the price volatility of imported raw materials.

City Oil Field’s plant utilizes low-temperature pyrolysis to regenerate naphtha and refined oil from waste plastics. By reducing import dependency, the facility enhances production stability and eases the cost burdens for businesses amidst global supply disruptions.

PPS plans to provide active support to ensure that the recycling plant—designated as an innovative product in 2022—gains market competitiveness and is prioritized for use by public institutions.

Meanwhile, representatives from Australia-based Simba Global, a major textile supplier, also visited the plant to explore the facilities and observe the excellence and competitiveness of these innovative products firsthand.

PPS Administrator Baek Seung-bo stated, “Securing a domestic alternative supply chain for raw materials is crucial for public safety and sustainable business operations. We will actively support innovative resource technologies so that our companies can secure stable markets and continue to grow.”

*문의: 혁신공공구매과 박준한 사무관(042-724-7121)

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