STATEMENT: SK chemicals presents 'circular recycling' technology and solutions at Chinaplas 2024

(Information sent by the signatory company).

STATEMENT: SK chemicals presents 'circular recycling' technology and solutions at Chinaplas 2024

(Information sent by the signatory company)

SK chemicals presents 'circular recycling' technology and solutions at Chinaplas 2024 focusing on "circular economy"

SHANGHAI and SEONGNAM, South Korea, April 22, 2024 /PRNewswire/ -- SK chemicals (CEO Jae-Hyun Ahn) announced on the 22nd that it will participate in Chinaplas 2024, which will be held from April 23 to 26 in Hongqiao, Shanghai, China, at the National Exhibition and Convention Center (NECC).

Chinaplas is recognized as one of the top three chemical industry exhibitions globally along with NPE in the United States and K Trade in Germany, and is considered the largest exhibition in Asia. It is known that this year's exhibition will see the participation of approximately 4,000 companies from more than 150 countries.

At this exhibition, SK chemicals has prepared a stand where visitors can experience solutions for a sustainable future under the motto "Making the world greener: available solution for a sustainable tomorrow."

The exhibition hall is designed to showcase the process of rebirth of plastic waste generated in cities as recycled raw materials through SK chemicals' 'circular recycle™' technology, and how these materials are once again transformed into various products. . SK chemicals' circular recycling has attracted significant attention from industry stakeholders as the world's first commercially viable chemical recycling technology. SK chemicals plans to showcase a wide range of circular recycling product portfolios by successfully achieving vertical integration from monomers, polyesters and copolyesters through circular recycling technology.

In addition to its circular recycling solution, SK chemicals will showcase a wide range of sustainable materials product categories and already marketed products that use these materials. Various products from global brands such as cosmetics, home appliances and household items incorporating ECOTRIA CR will be showcased, along with end products successfully marketed through the application of recycled materials, such as Samdasoo Reborn tires and bottled water with SKYPET CR.

SK chemicals has introduced a diverse line of recycled and recyclable materials that can be selected according to the needs of end users, including ECOTRIA CR, a chemically recycled copolyester, SKYPET CR, a chemically recycled PET, and ECOZEN Claro, a copolyester that can be sorted and recycle within the same flow as PET after use.

In addition, SK chemicals will also showcase several bio-based materials, including ECOTRION, a bio-based polyol that uses industrial starch as raw materials for products such as spandex, synthetic leather and polyurethane stretch materials; ECOTRIA, a copolyester with a mixture of substances extracted from corn and other biomass, suitable for various applications such as cosmetics, food packaging and household appliances, due to its transparency and chemical resistance.

President Jae-Hyun Ahn of SK chemicals said: "Chinaplas will be an important milestone for SK chemicals to introduce its unique circular recycling solutions to the world. Through this exhibition, we will establish ourselves as a leading company in driving the circular economy by promoting need, advantages and competitiveness of circular recycling for industry and brand owners.

Circular recyclie™ refers to SK chemicals' chemical recycling method. Unlike mechanical recycling, which involves shredding and washing plastic waste into raw materials for reuse, chemical recycling breaks down plastics into molecular units and reuses them as raw materials for plastics. This method allows for infinite recycling without compromising product quality, such as transparency. By using SK chemicals' circular recycling solutions, various forms of plastic waste, including transparent bottles, films, trays, etc., can be recycled back to their original application.

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