SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s major chemical companies are collaborating with cosmetics companies to accelerate the development and supply of eco-friendly cosmetics packaging. This transition is crucial for the cosmetics industry due to its short product replacement cycle, extensive use of plastics, and considerable waste production. LG Chem announced on Tuesday that it [...]
SEOUL, Sept. 21 (Korea Bizwire) —SK Chemicals is contemplating the potential sale of its pharmaceutical business to Glenwood Private Equity (PE), a private equity fund manager. In response to a disclosure request from the Korea Exchange regarding Glenwood PE’s proposed acquisition of SK Chemicals’ pharmaceutical business unit, SK Chemicals stated, “We are in the process [...]
SEOUL, July 6 (Korea Bizwire) — SK Chemicals Co. said Wednesday it has utilized its chemically recycled PET (CR-PET) to create new packaging for food giant Ottogi Co.’s port cutlets and steak sauces. The company emphasized that it was the first in the local food industry to develop and commercialize food containers using 100 percent [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said Tuesday that it had teamed up with local toothbrush maker KNK to jointly develop the nation’s first toothbrush made from chemically recycled plastic material. Chemically recycled plastic refers to the material that is made by breaking down and returning waste plastic [...]
SEOUL, May 19 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said Wednesday it had established a business platform for a recycled plastic circulation ecosystem connecting producers, partners and brands online. The platform, dubbed “Eeum,” provides experience in recycling materials and artificial intelligence (AI)-based digital marketing channel services to plastic industry insiders and [...]
SEOUL, May 3 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. has launched mass production of PO3G, a new eco-friendly polyol material made of corn. The company said Monday that it launched the operation of a PO3G dedicated production facility within the site of its Ulsan plant. PO3G is a new material with [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said it has ramped up its production of chemically-recycled (CR) PET for the food container market. CR PET is made using chemical recycling technology that depolymerizes waste PET bottles to revert them to a raw material state and then uses the raw [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korean chemical company SK Chemicals Co. said Tuesday it had launched the mass production of ECOTRIA CR, a polyethylene terephthalate glycol (PETG) copolyester product that is made from chemically recycled material, for the first time in the world. The company started mass-producing ECOTRIA CR at its Ulsan plant [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said Wednesday it will sell its polyphenylene sulfide (PPS) business to HDC Hyundai Engineering Plastics Co. amid deteriorating profitability. The transaction, valued at 38.5 billion won (US$32.8 million), will involve the sales of the whole PPS division and its production line in [...]
SEOUL, July 13 (Korea Bizwire) — South Korean chemical goods manufacturer SK Chemicals Co. said Monday that it will focus on environment, social and governance (ESG) management as part of efforts to achieve net-zero carbon dioxide emissions by 2050. The company’s first goal is to cut its greenhouse gas emissions by 50 percent by 2030, while reorganizing its business [...]