Dosiyujeon to Supply Recycled Raw Materials from Waste Plastics to Trafigura

"Korean Recycled Raw Material Technology Incorporated Into Global Supply Chains"

Wave Jeongeup, Trafigura, and Dosiyujeon held an export contract ceremony for recycled raw materials from Wave Jeongeup made with Dosiyujeon's technology through an online video conference on the 26th. (Bottom right of the photo is Harry Cooper Coles, Director of Trafigura; bottom left is Jungwoo Park, CEO of Wave Jeongeup; top right is Kevin Juno, Director of Trafigura; top left from left to right are Donghyun Ham, Head of Dosiyujeon; Gapsun Noh, CEO of Woori Technology; and Younghoon Jung, CEO of Dosiyujeon) Dosiyujeon

On May 27, Dosiyujeon announced that it had signed a contract on the 26th to sell the entire volume of naphtha-grade recycled raw materials produced by Wave Jeongeup, a corporation specializing in recycled raw materials from waste plastics, to the global commodity trading company Trafigura.

Wave Jeongeup is equipped with facilities capable of producing 4,550 tons of high-quality naphtha-grade recycled raw materials (RGO) annually by applying Dosiyujeon's proprietary technology, which decomposes waste vinyl and waste plastics using low-temperature indirect heating with electricity.

This technology utilizes ceramic ball wave energy to break carbon bond structures, thereby improving the yield of recycled oil and minimizing the emission of carbon and hazardous substances such as dioxins. The recycled raw materials produced achieve naphtha-level quality, making them highly likely to be used directly as feedstock for naphtha cracking centers (NCC) and petrochemical processes.

An official from Dosiyujeon explained, "This export contract marks the first case in which naphtha-grade recycled raw materials produced from waste plastics, after receiving ISCC PLUS certification, have been exported to a global company and market as demanding as Trafigura. It is especially meaningful that recycled raw materials created with Korea’s proprietary technology have actually been incorporated into global petrochemical supply chains like Trafigura."

This supply contract is understood to be driven by the recent trend among global petrochemical companies to compete for securing recycled raw materials, in response to the strengthening of environmental, social, and governance (ESG) management and carbon reduction regulations. Additionally, the growing volatility in international crude oil and naphtha prices—resulting from heightened geopolitical tensions in the Middle East and instability in global supply chains—has increased interest in recycled raw materials derived from waste plastics.

According to a September 2025 report by Europe-based Research Nester, the global market for recycled naphtha is projected to reach 698.11 million dollars in 2025, 763.45 million dollars in 2026, and expand to 1.88 billion dollars by 2035, representing an average annual growth rate of 10.4%.

Younghoon Jeong, CEO of Dosiyujeon, stated, "Dosiyujeon's low-temperature decomposition technology is not merely a waste treatment technology, but a technology that changes the feedstock paradigm of the petrochemical industry. Through this export contract with Trafigura, we have demonstrated the global competitiveness of Korea's circular economy technology."

Trafigura, established in 1993, is a global commodity trading company operating international supply chains in oil, gas, metals, minerals, and energy sectors. Headquartered in Singapore, it has more than 50 global locations.

ISCC PLUS (International Sustainability & Carbon Certification PLUS) is one of the international certification systems for circular and bio-based raw materials. It verifies not only the quality of raw materials but also sustainability, carbon emissions management, supply chain traceability, and the recycled content according to international standards.

This content was produced with the assistance of AI translation services.