SK Innovation Manufactures Petrochemical Prototypes Using Waste Plastic
[Asia Economy Reporter Park So-yeon] SK Innovation announced on the 11th that it has produced chemical product prototypes using pyrolysis oil obtained by high-temperature decomposition of waste plastic.
SK Innovation explained that it achieved this result by pursuing the Green Balance strategy to strengthen SK Group's Environmental, Social Responsibility, and Corporate Governance (ESG) practices.
SK Innovation's Technology Innovation Institute succeeded in significantly reducing impurities in pyrolysis oil extracted from waste plastic and manufacturing prototypes such as solvents and base oils for lubricants on a pilot production scale.
Solvents are chemical products used for various purposes such as cleaners and paint thinners, and base oils for lubricants are key raw materials that determine the quality of lubricants.
The company expects that the solvent produced this time, which has a high paraffin content and less odor, can be differentiated from existing products. The base oil for lubricants also showed properties suitable for producing premium base oils.
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Na Kyung-soo, president of SK General Chemical, which is leading this project, said, "We must transform the chemical business, which faces environmental issues, into a completely different business from before and improve our corporate structure to become a differentiated company from the perspective of environmental and social responsibility," adding, "We will present a sustainable chemical industry and develop the ecosystem."
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