RevoTech

RevoTech

Continuous pyrolysis plants for synthetic resin recycling.

HQ location
Gyeongsangbuk-do, South Korea
Launch date
Enterprise value
$18—28m
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DateInvestorsAmountRound
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KRW5.5b

Late VC
Total Funding000k
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More about RevoTech
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RevoTech is a South Korean environmental services company specializing in converting synthetic resin waste into renewable energy through its continuous pyrolysis technology. The firm provides Engineering, Procurement, and Construction (EPC) as well as Operations and Maintenance (O&M) for its continuous pyrolysis plant systems. The company’s technology is designed to be an eco-friendly recycling solution that addresses pollution from synthetic resin by-products. It allows for 24-hour continuous operation and automation of the entire process.

The company's factory was reopened in June 2018. By December 2019, RevoTech had developed its continuous pyrolysis technology and achieved 24-hour continuous operation. A significant milestone was reached in December 2023, when the company successfully implemented its 38.4 TPD (tons per day) eco-friendly continuous pyrolysis technology for the first time in Korea. The system passed installation and performance tests by the Korea Testing Laboratory (KTL) in January 2024. RevoTech has received several awards, including the Korea Best Patent Award and the K-Technology for Korea Industrial Awards.

The leadership includes CEO and CTO Byung Jig Hwang, who has been developing the pyrolysis technology since 2018 and has extensive experience in the O&M of environmental facilities from his time at Samsung Engineering and other firms. The COO and CMO is Ok Yeon Jeon, who is also a major shareholder and has 20 years of experience in B2G (Business-to-Government) development. The company is venture capital-backed, with investors including Hyundai Motor Securities and Infrastructure Frontier Asset Management.

Keywords: continuous pyrolysis, synthetic resin recycling, waste to energy, environmental services, renewable energy, EPC, O&M, pyrolysis plant, hydrogen production, cleantech, resource recycling, waste management, South Korea, carbon reduction, green technology, industrial waste, pollution control, sustainable technology, eco-friendly, circular economy

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