To promote the plastic recycling economy, South Korea and the United States jointly build a recycled

        South Korean chemical company SK Geocentric (SKGC) will open a recycled polypropylene plant in Ulsan, South Korea with American recycling technology company PureCycle Technologies. This will be the first recycled polypropylene plant in Asia, with an estimated annual production capacity of 60,000 tons and will be completed by the end of 2024.

Signing of cooperation agreement

        According to reports, PureCycle is the only company in the world with proprietary technology to separate pollutants, odors and colors from polypropylene waste and convert them into ultra-pure recycled (UPR) plastics. This technology can be used for commercial production and can recycle and recycle contaminated food storage containers, colored detergent bottles and automotive interior plastics that are difficult to recycle, avoiding them from being directly landfilled or incinerated.

        Polypropylene is a resin widely used in consumer goods, food packaging, automotive interiors and other fields. Since polypropylene is usually combined with other materials or additives during processing, traditional mechanical recycling has limitations in separating post-consumer polypropylene plastic products, making it difficult to produce recycled plastics. The cooperation between SKGC and PureCycle will help increase the recycling of waste plastics in South Korea and develop diversified consumer products that can be made from recycled plastics.

        Kim Jun, Vice Chairman and CEO of SK Innovation, said, "SK Geocentric will play an important role in SK Innovation's "Carbon Green Strategy" together with the battery business. We will continue to innovate existing business models and further expand cooperation with global companies with environmentally friendly technologies to help the plastic circular economy.