SK Chemicals will achieve Korea’s first vertical integration of recycling by securing in-house access to the feedstock required for recycling.
SK Chemicals announced that it will establish a joint venture with Kelinle, a plastics recycling specialist in Shaanxi Province, China, to build the Feedstock Innovation Center (FIC), a facility for processing waste plastics.
The Feedstock Innovation Center (FIC) will process waste plastics into feedstock. Once the facility is completed, SK Chemicals will secure a value chain that extends beyond the production of chemically recycled materials to encompass the sourcing of waste plastics. Among domestic chemical companies pursuing depolymerization-based chemical recycling, SK Chemicals is the first in Korea to establish a corporate entity equipped with facilities for sourcing waste plastics.