EQT Infrastructure VI, managed by EQT, has agreed to acquire KJ Environment and affiliated companies from Genesis Private Equity, an environmental and energy infrastructure specialist, to establish a scaled and diversified end-to-end waste treatment platform focused on plastic recycling and waste-to-energy in South Korea. Financial terms were not disclosed.
The platform is composed of an end-to-end business portfolio in the waste treatment value chain, with core competencies in recyclable waste sorting, plastic recycling and waste-to-energy capabilities. It has strategically located sites in the Greater Seoul Metropolitan Area, serving catchment areas covering more than 50 percent of the country’s population and its GDP.
The platform is a leading plastic recycler in South Korea in terms of treated volume, with stable access to high-quality waste plastic feedstock and cutting-edge technology to produce advanced recycled plastics suitable for food and beverage products
