[Dongsung Finetec Press release/ Jun 12, 2024] Dongsung Finetec unveiled its foray into the refrigerant recycling domain on June 12th. The company disclosed the completion of a cutting-edge facility at its Yeongnam plant in Ulsan, capable of recovering and purifying up to 720 tons of refrigerant annually. This initiative, initiated approximately a year ago in April, has recently concluded all necessary licensing procedures.

The core objective of this endeavor is to produce and market regenerated refrigerant products. By salvaging refrigerants from discarded vehicles and household appliances, Dongsung Finetec aims to eliminate impurities and offer eco-friendly alternatives to traditional refrigerants.

The significance of such recycling efforts is underscored by the environmental impact of unrestrained refrigerant discharge. As refrigerants released into the atmosphere contribute to global warming, stringent regulations are being enacted worldwide to address their proper management. Consequently, the waste refrigerant recovery and purification sector are poised for rapid expansion, aligning with global initiatives to mitigate greenhouse gas emissions.

Dongsung Finetec, traditionally known for its provision of eco-friendly refrigerant solutions, endeavors to extend its expertise into the recycling realm. By integrating this new venture into its existing refrigerant business, the company aims to furnish a comprehensive and sustainable refrigerant solution.

Commenting on this strategic move, an offical from Dongsung Finetec articulated, "Initiating our journey with the refrigerant recycling business, we are committed to diversifying our resource recirculation endeavors. Through proactive measures addressing climate change, we aspire to contribute significantly to the realization of carbon neutrality.