Connect with us

Technology

China Showcases Innovative Practices at INC-5, Vary Tech Signs with South Korean Company to Promote Global Plastic Pollution Treatment

Published

on

BUSAN, South Korea, Dec. 5, 2024 /PRNewswire/ — The fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-5) was held in Busan, South Korea. During the conference, Hunan Vary Tech Co., Ltd., a leading enterprise in the field of solid waste resource utilization in China, was invited to participate in the INC-5 side event. There, the company showcased China’s innovative practices and technological breakthroughs in the field of waste plastic recycling and utilization to the international community.

Vice General Manager of Vary Tech, Che Tao, highlighted the company’s technological innovation and practices in the field of chemical recycling of waste plastics.

The oxygen-free pyrolysis technology and equipment independently developed by Vary Tech can efficiently process all kinds of mixed waste plastics and turn them into valuable oil, gas and carbon resources. Since 2009, the company has shown forward-looking vision, laying the foundation for technological innovation through international exchanges in the United States, Russia, Japan, Germany, etc. In 2013, the company made a major breakthrough in waste plastics pyrolysis technology, and completed the project of recycling 60 tonnes of waste plastics from domestic waste per day, which verified the feasibility of the technology. After 2016, the company entered into the period of rapid development, and the scope of technological application was expanded to 30. In 2018, the company achieved a qualitative leap, building a project of 600 tonnes per day of domestic waste plastics recycling, and the daily processing capacity of the core pyrolysis equipment was increased to 150 tonnes per day. The capacity breakthrough stems from the conquest of the core technology of pyrolysis equipment, including continuous feeding and discharging, flexible combination sealing, self-cleaning coke, heat carrier recycling, and thermal energy gradient utilisation, etc. The technology has been iterated and upgraded to the 6th generation, which achieves the perfect oil and gas sealing performance, effectively prevents any leakage, and significantly improves the safety and environmental friendliness. So far, the project has been running stably for 5 years. 2023, the electromagnetic pyrolysis reactor independently developed by Vary Tech will run for the first time in South Korea for the treatment of waste plastics and waste tyres, marking that the company’s chemical recycling of waste plastics is heading towards international development and opening up new opportunities for the treatment of global plastic pollution.

Li Bin, deputy director of the GRPG office and a senior researcher and doctoral supervisor at Donghua University, stated that chemical recycling is the ultimate method for converting plastic waste into stable raw materials, and showcased the industrial application cases of Vary Tech’s core equipment for chemical recycling of waste plastics.

In addition to chemical recycling, Vary Tech has also achieved outstanding results in the field of physical recycling. The company innovatively introduced a combined process of “double-shaft shredding + vertical crushing,” leading the development of the waste home appliance recycling industry. After seven generations of technological iteration, this process has now achieved an exceptional capacity of processing up to 200 waste refrigerators per hour per unit, with a plastic sorting rate exceeding 97%. The company has further expanded the application of its technology, extending recycling services to the small home appliance sector. A single unit of equipment can process up to 3 tons of waste small home appliances per hour, with a plastic recycling rate of 99%. This advanced process has laid a solid foundation for the subsequent high-value application of waste plastics, strongly promoting the development of physical recycling technology, and providing key technical support for the efficient and high-quality recycling of waste home appliance plastics.

The company has also established an electronic waste resource recycling and disposal base, achieving coordinated development of technology research and operations. The annual processing capacity is as high as 8.3 million units, ensuring that waste electrical appliances are treated harmlessly and resources are recycled efficiently. In 2018, Vary Tech made a significant breakthrough in the high-value utilization of waste electrical appliance plastics. They developed advanced processes for shredding, cleaning, and melting, transforming waste appliance plastics into high-quality recycled pellets. The annual capacity for shredding and cleaning waste plastics reached 100,000 tons, with a granulation capacity of 50,000 tons. This innovative process has been certified with GRS 4.0, and the recycled materials produced are widely used in the manufacturing of small household appliances, computers, laptops, mice, and other products, achieving high-value circular utilization of waste plastics. Vary Tech has successfully established a complete physical recycling loop for the recycling and regeneration of waste electrical appliance plastics.

As a key step in the global plastic pollution governance negotiations hosted by the United Nations Environment Programme (UNEP), this conference aims to establish a legally binding global agreement on plastic pollution. During the INC-5 meeting, Vary Tech signed a contract with a well-known Korean waste plastic recycling company to cooperate on chemical recycling technology for waste plastics. Che Tao stated, “This cooperation is a concrete action in response to the global initiative on plastic pollution governance. We will leverage our respective strengths to contribute to the implementation of the upcoming global agreement on plastic pollution.”

Kim Dong-myung, CEO of the Korean environmental protection company, stated, “Against the backdrop of the growing urgency of global plastic pollution management, the innovative capabilities of leading technology companies like Vary Tech will be the key force driving the industry’s development. We look forward to developing more environmentally friendly and cost-effective solutions by integrating the professional knowledge and technological advantages of both parties.”

The cooperation between Chinese and South Korean companies will bring new solutions to global plastic pollution management, not only helping to promote the formulation and implementation of global plastic pollution governance laws, but also indicating a broader trend of international cooperation in the environmental protection industry. With the gradual implementation of global plastic pollution governance agreements, plastic pollution management will become a new growth point for the environmental protection industry, providing strong technical support for global plastic pollution management.

For further information, please visit https://solidwastepyrolysis.com or http://en.varygroup.com
Linkedin: www.linkedin.com/company/103059726/admin/dashboard/
Youtube: www.youtube.com/@VARYTECH-pi5hf 

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/china-showcases-innovative-practices-at-inc-5-vary-tech-signs-with-south-korean-company-to-promote-global-plastic-pollution-treatment-302323770.html

SOURCE Vary Tech

Continue Reading

Technology

Club Offers for Travel Enthusiasts in Canada

Published

on

By

TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

Continue Reading

Technology

Howard Hughes Holdings Set to Join S&P SmallCap 600

Published

on

By

NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

Continue Reading

Technology

Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

Published

on

By

Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

Continue Reading

Trending