The company expects the newly-manufactured solvent to be differentiated from existing products thanks to its high paraffin content and low odor. (image: SK Innovation)
SEOUL, Oct. 12 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, announced on Sunday that it had succeeded in making a prototype of a chemical product by using pyrolysis oil obtained by decomposing waste plastic at high temperatures.
The company succeeded in manufacturing chemical prototypes such as solvents and lube base oils on a trial scale by greatly reducing the impurities of pyrolysis oil extracted from waste plastics.
A solvent is a chemical product that can be used for multiple purposes such as in cleaners and paint thinners, while pyrolysis oil is a key ingredient that determines the quality of lube base oils.
The company expects the newly-manufactured solvent to be differentiated from existing products thanks to its high paraffin content and low odor.
The lube base oil also has properties suitable for making the highest quality base oil.
“We need to improve our constitution to become a differentiated business from environmental and social responsibility perspectives, by transforming an industry facing questions over environmental practices into a wholly new business.” said Na Kyung-soo, CEO of SK Global Chemical Co. which is managing the project.
Kevin Lee (kevinlee@koreabizwire.com)
