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Two “green” business units of South Korea’s SK begin collaboration with overseas firms

25. August 2022 Specifically, the two divisions are the chemicals and recycling divisions of SK, South Korea’s second-largest conglomerate. As reported by Pulsenews, the collaboration with new global partners is expected to improve SK Group’s CO₂ balance and become a top player in South Korea and abroad in the future. SK Chemicals signed a memorandum of understanding with China’s Shuye Environmental Technoloy, aiming to establish a joint venture. SK Chemicals is to hold 51 percent of the shares in the joint venture. Last May, SK Chemicals already acquired a ten percent stake in Shuye worth around 17 million US dollars. In return, the Chinese company will supply SK with 20,000 metric tons of chemical recycling material annually. The newly formed joint venture is building a depolymerization plant with a capacity of 100,000 tons of raw material and another plant to produce 200,000 tons of recycled polyethylene (CR-PET) and co-polyester under the management of SK Chemicals. The two plants are scheduled to start operations at the end of 2024. SK Chemicals introduced two new environmentally friendly plastics last year: co-polyester Ectotria CR and chemically recycled PET called Skypet CR. Machinery and equipment to carry out these projects usually falls and KCs certification and under KC-EMC testing regulations to be allowed to be imported and used in Korea.     Another SK Group company, SK geo centric, will cooperate with the French company Veolia in the future. A memorandum of understanding was also signed for this purpose, which involves expanding plastics recycling in Asia. To this end, both companies are researching processes for the pyrolysis of PET, PP and plastic waste, as well as an expansion of SK’s geo centric recycling center in Ulsan, South Korea. SK geo centric President and CEO Na Kyung-soo said he was pleased with the cooperation with Veolia: “This is the start of a circular economy in the Asian market and shows the competencies of both companies in the field of environmentally friendly solutions. SK geo centric plans to become the circular economy market leader in Asia with its plastic waste recycling plant in Ulsan, Kyung-soo added. KCs certification was introduced in South Korea to ensure basic safety in the design and manufacture of hazardous machinery and protective equipment in hazardous workplaces in Korea. The goal is to protect the health and safety of workers by preventing accidents. We provide certification services for all product areas, including KC certification for consumer products and especially electronics, KC-EMC certification for electronic products, and KCs certification for machinery, as well as KCs for explosion-proof products. We are available to answer any questions you may have about Korea certifications. Feel free to contact us any time if you need assistance. Tel. Europe: +49-69-271 37 69 261 Tel. US: +1 773 654-2673 Email: Urgent questions? Please do not hesitate to contact us via chat. You will find the chat window at the bottom right of each page (if this is not visible, please check your browser settings). For more information you can download our free brochure “Korea Certification Made Easy – The Booklet“.

MPR Author

About the author: Verena Numssen is managing director of MPR International GmbH
Publisher: MPR International GmbH

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