- ChinaPlas 2024 concludes on a high note, Customer
Acclaim for Closed Loop Unveiled at Exhibition
- "SK chemicals will solve the waste problem with its
complete resource circulation system and sustainable
materials"
SHANGHAI and SEONGNAM, South Korea, April 26, 2024 /PRNewswire/ -- The complete
resource circulation system (Closed Loop) presented by SK
chemicals at the international exhibition has garnered praise from
industry officials and clients.
SK chemicals announced on the 26th that it successfully
concluded its participation in ChinaPlas 2024, held at the Shanghai
Hongqiao National Exhibition and Convention Center in China from the 24th to the 26th.
During this period, SK chemicals unveiled a new concept of a
complete resource circulation system encompassing its entire
business, from materials and production infrastructure based on
Circular Recycle™ technology, which chemically decomposes discarded
plastics into molecules and converts them back into raw materials,
to solutions for recycling waste resources.
The complete resource circulation system involves classifying,
collecting, and reprocessing discarded post-consumer plastics,
turning them back into plastic raw materials, which are converted
into materials and products. Once these materialized products are
discarded, they can be continuously recycled without generating
waste by repeating the same process.
The complete resource circulation system pursued by SK chemicals
is based on the company's core competencies in Circular
Recycle™1) technology and infrastructure. SK chemicals
has previously secured the world's first commercial production
capability for chemically recycled copolyester products. In March
of last year, SK chemicals invested approximately 130 billion won to acquire the chemical recycling
business division of "Shuye," a Chinese company specializing in
green materials, and established the "SK Shantou" corporation. SK
Shantou is a company that produces 70,000 tons of recycled raw
material r-BHET and 50,000 tons of chemically recycled PET
annually.
SK chemicals is not stopping there but is pushing forward with
new businesses to provide comprehensive solutions necessary for the
process of turning discarded waste resources into products.
Establishing a comprehensive recycling system requires the
securing of waste plastics for use as raw materials and the
development of an efficient waste resource management system. To
this end, SK chemicals has signed an MOU with "Shanghai Yuekun
Environmental Protection Technology," a Chinese company
specializing in waste resources, for the joint development of a
waste plastic recycling business.
SK chemicals is expected to build a specialized complete
resource circulation structure that takes into account the unique
characteristics of each industry, going beyond the existing general
collection systems for PET bottles and other items.
Regarding this, Kim Hyun-suk, the
Head of the Business Development Division at SK chemicals,
explained, "Customized solutions for materials used in each
industry and their production and collection processes are
necessary in order to establish a complete circulation structure,
as the form and type of waste discarded by major industries vary,
including home appliances, automobiles, and fashion."
Through this, SK chemicals plans to expand the concept of
"Bottle to Bottle," which recycles PET bottles back into bottles,
to the entire industry, establishing industry-specific complete
circulation structures such as "Car to Car" and "Device to Device"
that recycle and upcycle discarded waste in each industry.
Compilation of Innovative Circular Recycle™ Applied Products
including Material Experience Zone
SK chemicals, which holds the No. 1 position in the Chinese
copolyester market, showcased a wide range of sustainable
copolyester and polyester (PET) products that are already
commercialized and used by various global owners
worldwide.
SK chemicals also presented a range of recycled materials,
including the Circular Recycle™ copolyester "ECOTRIA CR" produced
using chemical recycling technology, the copolyester "Claro" that
can be classified and recycled after use, and the Circular Recycle™
PET "SKYPET CR."
SK chemicals exhibited not only materials but also products that
have already been commercialized using these materials. Cosmetics,
home appliances, and household goods from various global brands
that use ECOTRIA CR, Final products such as tire cords and Samdasu
Reborn that use SKYPET CR, which have been successfully
commercialized using actual Circular Recycle™ materials, attracted
great interest among exhibition visitors.
In the exhibition hall's designated Circular Recycle™ experience
zone, materials made from petroleum and physically recycled
materials were displayed alongside those applied with Circular
Recycle™ technology, allowing industry officials to directly
compare the color and texture of the materials, increasing visitor
participation.
A wall within the exhibition hall presented an interactive
display illustrating the entire Value Chain process for visitors.
The process began with the collection of plastic waste in the city,
followed by categorization according to plastic type, and then
proceeded through depolymerization, culminating in the
transformation into a product.
Through these complete circulation systems and materials that
apply Circular Recycle™ technology, SK chemicals plans to
establish itself as a company that provides total solutions
covering the entire process to customers seeking to achieve zero
waste.
Ahn Jae-hyun, CEO of SK
chemicals, stated, "Through the response and interest shown by
customers and visitors regarding SK chemicals' technology and
complete resource circulation system showcased at this exhibition,
we were able to gain greater confidence in the direction and vision
of our business. We will further advance our technological prowess
and competitiveness, strengthen collaboration with client
companies, and definitely achieve the establishment of a complete
resource circulation system that can encompass the industry."
[Terminology]
1) Circular Recycle™: Refers to "Chemical Recycle." SK chemicals
is pioneering a sustainable "circular recycling" material market,
considering the infinite recyclability of chemically recycled
materials as a key future business.
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