Hanwha Solutions Enters Recycled Polyethylene Packaging Bag Market... "Achieving 80% Conversion Rate by 2030"

"Industrial Packaging Bags Converted to Recycled Polyethylene"

Industrial packaging bag made of recycled polyethylene (rPE) by Hanwha Solutions. (Photo by Hanwha Solutions)

[Asia Economy Reporter Moon Chaeseok] Hanwha Solutions has decided to increase the use of recycled polyethylene (rPE) to strengthen ESG (Environmental, Social, and Governance) management.

On the 19th, Hanwha Solutions' Chemical Division announced that starting this month, rPE packaging bags will be used for packaging its products shipped from its Yeosu and Ulsan plants. rPE is a material processed into high-quality recycled raw material extracted from various waste plastics.

Hanwha Solutions plans to replace the conventional polyethylene (PE) material used in industrial packaging bags with recycled rPE material to improve resource circulation efficiency. By 2030, the company aims to convert 80% of industrial packaging bags used for its products, including high-elasticity chemical materials (EVA), into rPE packaging bags. The commercialization of rPE packaging bags is the result of collaboration throughout the entire process?from material development to packaging bag application?with subsidiaries such as Hanwha Compound, recycled plastic manufacturer Daewoo R&C, packaging bag manufacturer Samhwa Suji, and Shinlim Industrial Co., Ltd. (SLP).

Starting with industrial recycled packaging bags, Hanwha Solutions plans to continuously develop and supply customized rPE materials that can be used for daily necessities packaging and cosmetic containers. To this end, since last year, the company has been promoting cooperation and research and development (R&D) to establish a resource circulation system by signing memorandums of understanding (MOUs) with companies in the relevant fields.

Won Jaesik, head of Hanwha Solutions' PO (Polyolefin) Business Division, said, "If the annual usage of rPE packaging bags at Hanwha Solutions' business sites increases to 1,600 tons, it can reduce 2,100 tons of carbon emissions annually, equivalent to the emissions of 620 passenger cars." He added, "We will contribute to carbon reduction by developing various eco-friendly materials such as rPE and expanding their supply."

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