Catack-H, a company specializing in eco-friendly carbon material recycling, announced on the 13th that it has signed a memorandum of understanding (MOU) with POSCO International for cooperation in carbon fiber recycling and circular economy projects.
Through this agreement, the two companies plan to secure and cooperate in purchasing carbon fiber recycled raw materials, as well as in the global export of recycled and manufactured milled carbon and carbon fiber nonwoven fabric.
CATECH possesses a carbon fiber regeneration technology that utilizes chemical decomposition. Compared to conventional thermal decomposition methods, this process operates under normal pressure, reducing energy consumption. This technology achieves a 95.7% carbon fiber recovery rate, and the resulting regenerated carbon fiber reduces energy consumption by 83% and CO₂ emissions by 86%. Furthermore, it is gaining attention as a model for a circular economy, recovering and recycling carbon fiber and even epoxy.
POSCO International recognized the business potential of CATECH's technology and provided support through its Mutual Growth and Cooperation Fund. Leveraging its global network, the company plans to support the development of overseas markets and exports for its recycled carbon fiber products. CATECH's products maintain 95.7% of the tensile strength of raw materials while being priced at less than 50%, offering both price competitiveness and performance. They can be used in a variety of industries, including automotive, sporting goods, construction, and industrial materials.
“Our collaboration with POSCO International is a significant turning point in validating our technological prowess in the global market,” said Jin-ho Jeong, CEO of CATECH. “We will expand the circular economy model, focusing on recycled carbon fiber, across high-value-added industries.”
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