Na Kyung-soo, President of SK General Chemical, "We Will Develop a 100% Recycling Plan for Plastic Products"

Attended P4G Summit Panel... Proposed Solutions to Plastic Waste Issues

[Asia Economy Reporter Hwang Yoon-joo] Na Kyung-soo, CEO of SK Geo Centric, stated on the 31st, "We will contribute to ensuring that 100% of the plastic products produced by SK Geo Centric can be recycled through direct or indirect methods in the future."

Na attended the panel discussion on the circular economy session at the P4G (Partnering for Green Growth and the Global Goals 2030) Seoul Green Future Summit held from the 30th to the 31st of this month, representing the company, and said, "SK Geo Centric is focusing on developing core technologies and strongly promoting green business."

The P4G Summit is a platform where governments, companies, and civil society organizations worldwide gather to focus on five key climate and environmental sectors?circular economy, water, energy, food/agriculture, and cities?to address climate change and sustainable development. This year’s discussions were held under themes such as ▲transition to a zero-waste society through circular economy strategies ▲carbon-neutral smart water management to overcome the climate crisis ▲innovative energy solutions for a greener Earth ▲building sustainable agriculture and food systems ▲and dreaming of a green future through urban partnerships.

At the event, Na shared examples of green business and proposed measures to solve the global plastic waste problem and create an eco-friendly plastic ecosystem.

He explained, "As a way to increase the recycling rate of plastic waste, we have developed manufacturing technology that decomposes waste plastics such as used PET bottles and waste vinyl by heat and regenerates them into pyrolysis oil, a plastic raw material. We are also promoting commercialization plans through strategic cooperation with global pyrolysis oil companies."

Na also said, "For the eco-friendly plastic circulation system to operate smoothly, profit generation must accompany it." To this end, he added, "We need to significantly reduce carbon dioxide emissions generated during the production stage through chemical recycling methods such as pyrolysis, thereby reducing carbon credit costs. At the same time, to secure product price competitiveness, we must improve production processes through the development of eco-friendly plastic production technologies and capital investment."

He emphasized, "Companies across the value chain?including plastic raw material and product production/distribution and recycling companies?must all participate and cooperate to rapidly form an eco-friendly plastic market."

Na concluded by stating, "SK Geo Centric aims to create an eco-friendly plastic ecosystem by recycling waste plastics. From the production stage of plastics to the recycling stage, we will establish fundamental solutions to the plastic waste problem through partnerships with various stakeholders and complete the construction of a plastic circular system."

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