SPC Pack-Lotte Chemical Sign MOU for Collaboration on Low-Carbon Eco-Friendly Packaging Development

At the 'SPC Pack-Lotte Chemical Low-Carbon Eco-Friendly Packaging Business Partnership Agreement Ceremony' held on the 11th at Lotte World Tower in Songpa-gu, Seoul, Kim Chang-dae, CEO of SPC Pack (right), and Hwang Jin-gu, CEO of Lotte Chemical Basic Materials Business, are taking a commemorative photo. (Photo by SPC Group)

[Asia Economy Reporter Seungjin Lee] SPC Group’s packaging production affiliate SPC Pack and Lotte Chemical announced on the 12th that they held a ‘Low-Carbon Eco-Friendly Packaging Business Partnership Agreement Ceremony.’

Through this agreement, Lotte Chemical, the largest bio-PET producer in Korea, and SPC Pack, which has produced various food packaging materials used by Paris Baguette, Baskin Robbins, SPC Samlip, and others, will leverage their respective strengths and expertise to jointly develop eco-friendly packaging materials.

The bio-PET packaging containers developed through this agreement use sugarcane as a raw material and can reduce carbon dioxide emissions by 28% compared to conventional petroleum-based PET during manufacturing, transportation, and incineration processes. They are also 100% recyclable. The bio-PET produced by Lotte Chemical has been recognized for its carbon emission reduction effects throughout the entire process from raw material production to distribution and disposal, and in March of this year, it received the Environmental Product Declaration certification from the Korea Environmental Industry & Technology Institute under the Ministry of Environment.

Based on collaboration with Lotte Chemical, SPC Pack plans to apply bio-PET packaging to various beverage cups and salad containers to lead the eco-friendly packaging trend.

Kim Chang-dae, CEO of SPC Pack, said, “As part of ESG (Environmental, Social, and Governance) management, we collaborated with Lotte Chemical to realize a plastic circular economy and reduce carbon emissions. Going forward, we will continue to produce various eco-friendly packaging materials including bio-PET and conduct research and development activities on consumer-friendly functional packaging materials.”

Hwang Jin-gu, Head of Basic Materials Business at Lotte Chemical, stated, “We plan to actively expand our eco-friendly product portfolio to meet consumer needs and market trends. We will actively cooperate in the development of SPC’s eco-friendly packaging containers through stable bio-PET material supply and technical support.”

Meanwhile, since March, SPC Pack has also signed MOUs for eco-friendly packaging development with SK General Chemical and SKC. Last year, it accelerated its eco-friendly management by becoming the first in the food packaging printing industry to obtain all three national green certifications: ‘Green Specialized Company’ certification, ‘Green Technology,’ and ‘Green Product’ certifications.

This content was produced with the assistance of AI translation services.