History
Setting industry firsts since our founding in 2019.
History
The INGENT journey
2025
- Industry-first Process Safety Management (PSM) report approval
- ISCC PLUS certification renewed
2024
- Certified as a Materials, Parts and Equipment Specialist Company
- ISO 9001 renewed
- ISCC PLUS renewed
2023
- Gyeongju plant expansion completed: 10 pyrolysis reactors in total (24,000 tonnes of waste plastic per year)
- Industry-first pyrolysis oil production facility for refinery and petrochemical feedstock (R-3-3) passed installation inspection
- Industry-first approval of a carbon credit methodology for greenhouse gas reduction from waste plastic pyrolysis
2022
- Certified as a Venture Business
- Investment from STIC Alternative Asset Management; capital increased to KRW 15 billion
- INGENT Seosan Co., Ltd. established (wholly owned subsidiary); waste recycling license applied for the Seosan plant (20 reactors)
- Business change permit for waste treatment at the Gyeongju plant (6 additional reactors, 10 in total)
- Industry-first ISCC PLUS international sustainability certification obtained
2021
- Started supplying pyrolysis oil to Hyundai Oilbank (now HD Hyundai Oilbank)
- Building permit for plant expansion granted
- Regulatory sandbox approval to use waste plastic pyrolysis oil as feedstock, not only as fuel
- Joined the Korea Resource Circulation Service Agency
- Full commercial operation began (4 reactors, 10,000 tonnes of waste plastic per year)
- Notice of commencement of use filed
- Comprehensive recycling business license granted
2020
- ISO 9001 certified
- Building permit granted
- Tenancy contract approved for Yongmyeong General Industrial Complex, Gyeongju
- Capital increased to KRW 2 billion (RCPS, post-money valuation KRW 7.5 billion)
- Head office relocated to Gyeongju
- Comprehensive recycling business license from Gyeongju City (PE, PP)
2019
- Capital increased to KRW 1 billion (valuation KRW 5 billion)
- Company founded (marine waste oil pyrolysis technology + waste plastic pyrolysis technology)