Urban Oil Field to Begin Operation of Low-Temperature Pyrolysis Facility at Jeongeup Plant in October
Passed ISCC PLUS, PSM, and KTL Certifications
Urban Oil Field (CEO Jung Younghoon) announced on September 30 that it will begin operations at its Wave Jeongeup plant in Jeongeup, North Jeolla Province, starting in October, after passing certification and audits from three organizations: ISCC PLUS international certification, the Process Safety Management (PSM) system of the Korea Occupational Safety and Health Agency, and the Korea Testing Laboratory (KTL).
Urban Oil Field is now able to export its recycled feedstock (renewable oil) produced by decomposing waste plastics as an eco-friendly circular economy product that meets global standards, as it is manufactured in accordance with the ISCC PLUS (International Sustainability & Carbon Certification PLUS) certification criteria. ISCC PLUS certification is required to export to the EU market.
A representative from Urban Oil Field stated, "The significance of this certification lies in the fact that, for the first time, renewable oil produced with technology independently developed in Korea has passed the EU's stringent regulations, allowing us to export Korean-made renewable feedstock oil to the EU in the renewable oil sector." Additionally, by passing both KTL and PSM verification from the Korea Occupational Safety and Health Agency domestically, the company has simultaneously secured technical, legal, and market credibility.
Meanwhile, the Jeongeup plant, which will begin full-scale production in October, is equipped to process over 7,000 tons of waste plastics annually and applies Urban Oil Field’s proprietary catalyst technology and wavelength-based non-combustion process.
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Jung Younghoon, CEO of Urban Oil Field, emphasized, "Passing all ISCC PLUS, PSM, and KTL verification and certification not only represents the completion of regulatory approvals, but also clearly demonstrates that Urban Oil Field’s technology is recognized as environmentally friendly both domestically and internationally."
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