주식회사 ecocreation

What 주식회사 ecocreation does

ECO CREATION Co., Ltd. (주식회사 ecocreation) is a Korean waste plastic pyrolysis technology company founded in 2010 and headquartered in Incheon, South Korea. The company designs and manufactures modular pyrolysis plants (Two-in-one and Four-in-one configurations, 10 tons per batch capacity, 44m³ reactor) that convert mixed, non-recyclable waste plastics into refined pyrolysis oil through low-temperature indirect heating in oxygen-free conditions. Its technology stack includes self-developed catalysts for dechlorination (achieving over 80% chlorine removal), dewaxing, isomerization, and a proprietary gum separation process plus flash point control system. Outputs are refined pyrolysis oil at approximately 50% yield with below 200 ppm chlorine content (versus an industry standard of ~500 ppm) and a 30-45°C flash point compliant with Korean Waste Management Act standards. Patents include Patent No. 10-1871298 covering a fixed-bed catalyst reactor with CFD-optimized geometry, and the company holds NET (New Excellent Technology), ISCC PLUS, ISO, REACH, and CE certifications.

The business operates three revenue streams: (1) pyrolysis plant manufacturing and direct sales to enterprise clients, (2) refined pyrolysis oil production and sales via wholly-owned operating subsidiaries (New Ecowon, E&C Yeoncheon, Eco Clean), and (3) technology licensing and technical services. Go-to-market is enterprise field sales targeting industrial waste management companies, power generators, oil refineries, petrochemical companies, and government entities, with multi-year project-specific contracts and PF-financed project structures for larger deployments. Strategic corporate partners include SK Geo-centric (KRW 6.8B equity investor and petrochemical feedstock off-taker), Korea District Heating Corporation (W2H waste-to-hydrogen project, planned KRW 460B investment for 100-ton facility), Korea Central Power (pyrolysis oil power generation MOU), and most recently Japan's Sumitomo Corporation (November 2025 strategic MOU for global sales leveraging Sumitomo's 60+ country network). Plant-related revenue grew from KRW 2.6B (2022) to KRW 3B (2023) to KRW 18B tentative (2024), driven by mega-contracts including the KRW 400B+ Gyeongju domestic project, KRW 241B Dalian China export, and KRW 14B Japan IOB Infrastructure plant supply. The company passed KOSDAQ technical evaluation in February 2025 and applied for preliminary review in July 2024, pursuing a technology special listing on the Korean exchange.

Name

주식회사 ecocreation

Legal name

ECO CREATION Co., Ltd.

Website

https://ecocreation-in.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

ECO CREATION (주식회사 ecocreation) is a Korean waste plastic pyrolysis technology company that designs modular pyrolysis plants and produces refined pyrolysis oil for petrochemical, power generation, and industrial waste management clients in Korea, Japan, China, the US, and Europe.

Ownership category

akta.pro rank

Product category

Waste Plastic Pyrolysis Systems

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (325110), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

SIC

Industrial Organic Chemicals (2860), Petroleum Refining (2911), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Waste Pyrolysis (Plastics/tires/biomass-to-oil/char) (EUAAAKAF)

akta.pro secondary industries

Plastic-to-Fuel/Oil & Feedstock Upgrading (Naphtha/Cracker Feed) (EUAIAKAL), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK), Biomass & Waste-to-Energy Plant EPC (EUAEAAAI)

Keywords

• Waste plastic pyrolysis
• Pyrolysis plant manufacturing
• Refined pyrolysis oil
• Chemical recycling technology
• Plastic-to-fuel conversion

Headquarters

HQ city

Incheon

HQ country

South Korea

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Pyrolysis Plant Manufacturing and Sales: Design, manufacture, and supply of waste plastic pyrolysis equipment. Plants process up to 10 tons per batch with approximately 50% yield. Plant sales to domestic and international clients.
2. Pyrolysis Oil Production and Sales: Operating subsidiaries (New Eco One, E&C Yeoncheon) that produce and sell refined pyrolysis oil to power generation companies, refineries, and petrochemical companies. Oil used as fuel for generators, industrial boilers, and as petrochemical feedstock.
3. Technology Licensing and Technical Services: Licensing of proprietary catalyst and refining technologies to partners. Technical cooperation agreements with international companies for pyrolysis business deployment.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

ECO CREATION designs, manufactures, and supplies waste plastic pyrolysis plants that convert non-recyclable waste plastics into refined pyrolysis oil through low-temperature indirect heating in oxygen-free conditions. The company operates wholly-owned subsidiaries (New Eco One, E&C Yeoncheon, Eco Clean) that run pyrolysis plants and sell refined oil to power generators, refineries, and petrochemical companies, while licensing its proprietary catalyst and refining technologies to international partners.

Product overview

ECO CREATION operates as a waste plastic pyrolysis technology company offering integrated solutions comprising hardware plants and refined oil products. The core offering is the ECOCREATION Plant, a modular pyrolysis system (available as Two-in-one or Four-in-one configurations) that converts mixed waste plastics into refined pyrolysis oil using proprietary catalyst technology. The company produces and sells refined pyrolysis oil as its primary output product, alongside providing catalysts (gas-phase, liquid contact, dewaxing/dechlorination types) developed in-house. Supporting services include ECO R&D for technology development, alternative petrochemical raw materials supply, and energy business solutions for power generation and heating applications.

Differentiator

Problem solved

Functional benefit

Products and services

• ECOCREATION Pyrolysis Plant Modular waste plastic pyrolysis plant that converts waste plastics into refined pyrolysis oil via indirect heating in an oxygen-free environment. Available in Two-in-one and Four-in-one module configurations with proprietary catalyst reactors for dewaxing, dechlorination, gum separation, and flash point control. Sold to waste management companies, power generators, and industrial clients.
• Refined Pyrolysis Oil High-quality refined pyrolysis oil produced from waste plastics through the company's proprietary low-temperature pyrolysis technology. Achieves kerosene/diesel grade quality with dechlorination rate over 80% and flash point of 30-45°C compliant with Waste Management Act standards. Supplied to power generation companies, refineries, and petrochemical firms as fuel or feedstock.
• Proprietary Catalyst System Self-developed catalysts including gas-phase catalyst with dechlorination function, liquid contact cracking catalyst, and dewaxing/isomerization/dechlorination catalysts. Used to produce high-quality fuel oil from pyrolysis oil and supplied to partners under technology licensing arrangements.
• ECO R&D Services Research and development services for process research, catalyst development, analysis and quality control, new business discovery, and national project execution related to waste plastic chemical recycling technology.
• Alternative Petrochemical Feedstock (CR Raw Materials) Alternative petrochemical raw materials (CR raw materials) derived from refined pyrolysis oil supplied to the petrochemical industry for circular economy applications.
• Energy Business (Power Generation and Heating)

Quantifiable outcome

• 80%+ hydrogen chloride removal during pyrolysis process
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• Sumitomo Corporation (Japan)flagshipStrategic or Co-development Partner · 10 November 2025Strategic MOU for sustainable business cooperation based on pyrolysis signed on November 10, 2025. Cooperation includes reviewing establishment of joint venture, researching laws and regulations related to pyrolysis businesses in various countries, and conducting global sales activities for pyrolysis plants and oil. Sumitomo's global network spans 100+ locations in 60+ countries.
• UK Company NcoreChannel Partner/ Reseller/ Distributor · 20 November 2024Practical collaboration contract signed November 20, 2024 for European market entry. Working-level cooperation for large-scale pyrolysis business by 2026 with UK company. Final consultation with UK for local demonstration completed.
• Korea GHG Emissions Reduction & Recycling Association (한국온실가스감축재활용협회)coreStrategic or Co-development Partner · 23 May 2024MOU signed May 23, 2024 for eco-friendly pyrolysis Eco-plant business cooperation. Partnership aimed at solving waste plastic processing issues through pyrolysis and promoting resource circulation.
• Korea Food Waste Collection & Transport Association (한국음식물류폐기물수집운반업협회)coreStrategic or Co-development Partner · 23 May 2024MOU signed May 23, 2024 for eco-friendly pyrolysis Eco-plant business cooperation. Partnership aimed at promoting resource circulation to achieve 2050 carbon neutrality goals.
• Barun Company (바른기업)minorStrategic or Co-development Partner · 23 May 2024MOU signed May 23, 2024 for eco-friendly pyrolysis Eco-plant business cooperation for resource circulation promotion.
• Philippines Bataan Province GovernmentcoreStrategic or Co-development Partner · 22 April 2024Implementation Agreement signed April 22, 2024 for marine plastic reduction management in Bataan Province. Green ODA project for establishing marine plastic reduction management master plan. Partnership with Jeil Engineering and Chonnam National University.
• Hanwha Asset Management (한화자산운용)minorStrategic or Co-development Partner · 1 February 2024MOU signed for waste plastic emulsification market activation and mutual cooperation foundation building.
• Turkish Environmental Cooperation GroupminorStrategic or Co-development Partner · 1 January 2024Selected as target company by Ministry of Environment's Waste Plastic Pyrolysis Environmental Cooperation Group for Turkey waste plastic pyrolysis business. Proposing waste plastic pyrolysis project in Ankara, Turkey.
• Korea Central Power (한국중부발전)coreStrategic or Co-development Partner · 8 November 2023MOU signed November 8, 2023 for pyrolysis oil power generation fuel utilization. Korea Central Power will support R&D for refined pyrolysis oil and review power generation applications; EcoCreation will supply pyrolysis oil for carbon-intensive power generation sector.
• SK Geo-centric (SK지오센트릭)coreStrategic or Co-development Partner · 1 January 2021Business agreement MOU signed in 2021; SKGC became major shareholder in August 2021 with KRW 6.8 billion equity investment. Ongoing cooperation for pyrolysis oil as petrochemical feedstock; MOU for R&D, delivery and commercialization signed in June 2023.
• Korea District Heating Corporation (한국지역난방공사)coreStrategic or Co-development Partner · 10 December 2020MOU signed December 10, 2020 for PYCO (Pyrolysis Clean Oil) new energy business cooperation. Part of W2H (Waste to Hydrogen) project - government's Green New Deal 40 key projects. Planned KRW 460 billion investment for 100-ton capacity facility. Joint development of W2O (Waste to Oil) and O2H (Oil to Hydrogen) technology.
• Japan IOB InfrastructurecoreChannel Partner/ Reseller/ Distributor · 1 January 2018Export contract for 14 pyrolysis plants (KRW 14 billion) for Saitama power plants in Japan. Plants to supply fuel for diesel engines in Japanese power generation facilities.
• Eco Clean Co., Ltd. (주식회사 에코크린)coreOthersOperating company for pyrolysis plant in Okcheon, Chungbuk. Operates demonstration plant developed by EcoCreation under Ministry of Environment R&D project. Produces high-quality refined pyrolysis oil from low-grade waste vinyl.
• New Eco One Co., Ltd. (뉴에코원)coreOthersSubsidiary operating pyrolysis facility in Seo-gu, Incheon. R&D demonstration center for EcoCreation technology. Supplies refined pyrolysis oil to major domestic refineries.
• E&C Yeoncheon Co., Ltd. (이앤씨연천)coreOthersSubsidiary in Yeoncheon, Gyeonggi-do operating 2 batch-type pyrolysis units (testing 1 continuous-type unit). First in Korea to pass Ministry of Environment installation inspection for waste plastic pyrolysis plant.

Scale indicators18 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Eastman Chemical Company: Global specialty chemical company investing in methanolysis-based chemical recycling for PET, with broader petrochemical and polymer footprint. Comparable as a vertically integrated petrochemical player pursuing plastic-to-feedstock circularity.
• SABIC: Saudi petrochemical major with TRUCIRCLE portfolio offering certified circular polymers from pyrolysis oil. Comparable as a petrochemical off-taker and competitor in circular feedstock supply.
• BASF: Global chemical giant with ChemCycling program using pyrolysis oil from partners as feedstock for new plastics. Relevant as a potential off-taker and as a large diversified incumbent competing in the same circularity value chain.
• OMV: Austrian integrated energy and chemicals company operating ReOil® plastic-to-pyrolysis-oil technology at commercial scale. Comparable as a refiner-integrated pyrolysis technology operator serving petrochemical and fuel markets.

Direct peers

• Brightmark: US-based plastic-to-fuel pyrolysis operator with commercial-scale plants producing fuels and feedstocks from waste plastics. Directly comparable in technology stack and customer base (refineries, petrochemical off-takers).
• Plastic Energy: UK-based pure-play waste plastic pyrolysis company using thermal anaerobic conversion technology to produce Tacoil feedstock for petrochemicals. Direct competitor offering similar plant-based plastic-to-oil services to global markets.

Emerging players

• BlueAlp: Dutch startup developing plastic-to-fuel pyrolysis technology with modular plant design. Comparable as an emerging technology-focused peer targeting plastic waste streams for fuel/feedstock production.
• Mura Technology: UK-based company with HydroPRS™ supercritical water process for plastic-to-feedstock conversion. Comparable as a direct emerging competitor in advanced plastic recycling technology licensing.
• Gr3n Recycling: Swiss-Italian company using microwave-assisted depolymerization for PET and polyester recycling. Comparable as an emerging technology player in advanced plastic-to-feedstock solutions.
• Plastic Energy (SK Geo-centric partnership companies): SK Geo-centric, EcoCreation's strategic shareholder, is pursuing its own chemical recycling partnerships — could compete as a vertically integrated pyrolysis operator in Korea and Asia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@EcoCreation
• Instagraminstagram.com/ecocreation2010
• LinkedInlinkedin.com/company/%EC%A3%BC%EC%8B%9D%ED%9A%8C%EC%82%AC-ecocreation

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 주식회사 ecocreation