Kumho Petrochemical Produces Synthetic Resin Raw Materials by Recycling Yogurt Bottles

Kumho Petrochemical-hy Memorandum of Understanding Signed. (Photo by Kumho Petrochemical)

[Asia Economy Reporter Moon Chaeseok] Kumho Petrochemical announced on the 21st that it has signed an MOU (Memorandum of Understanding) with hy (formerly Korea Yakult) for beverage container recycling.

According to this agreement, Kumho Petrochemical plans to use waste plastic beverage containers such as yogurt produced by hy as raw materials for PCR (Post-Consumer Recycle) PS (polystyrene), a synthetic resin product. Not only plastic containers discarded by customers after use but also defective containers generated during the production stage will be collected, and after processes such as compression, crushing, washing, and drying, they will be reused as raw materials for Kumho Petrochemical's functional synthetic resin products.

The synthetic resin products produced through recycling waste plastics by Kumho Petrochemical are expected to be used in new lineup products such as air conditioners, refrigerators, vacuum cleaners, and air purifiers of major domestic home appliance companies. Kumho Petrochemical recently completed product testing with its customer home appliance companies.

Baek Jonghoon, CEO of Kumho Petrochemical, said, "We welcome the fact that both companies have established a virtuous cycle system through efficient resource utilization," and added, "Kumho Petrochemical will continue to lead sustainable management through active ESG (Environmental, Social, and Governance) policies."

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