SK Geocentric and Lion Korea Collaborate to Create Plastic Recycling Ecosystem

SK Innovation subsidiary SK Geocentric announced on the 30th that it signed a memorandum of understanding (MOU) with daily necessities specialist Lion Korea at the SK Seorin Building in Jongno-gu, Seoul, to establish a plastic recycling ecosystem. Jang Nam-hoon, Head of Packaging Division at SK Geocentric (left), and Sung Min-je, Executive Director of SCM & Production Division at Lion Korea, are posing for a commemorative photo after signing the MOU.

[Asia Economy Reporter Oh Hyung-gil] SK Innovation subsidiary SK Geocentric announced on the 30th that it signed a Memorandum of Understanding (MOU) with household goods specialist Lion Korea at the SK Seorin Building in Jongno-gu, Seoul, to establish a plastic recycling ecosystem.

The two companies plan to collaborate in areas such as the development of eco-friendly packaging materials. The cooperation tasks include applying recycled high-density polyethylene material (r-HDPE) to plastic containers for household goods produced by Lion Korea, developing eco-friendly materials to replace hard-to-recycle colored PET containers, introducing 100% recyclable refill pouches for detergents and hand washers, and developing pump products without metal springs.

They will particularly focus on developing packaging materials using recycled high-density polyethylene. By utilizing waste plastic raw materials, they aim to replace existing plastic materials and enhance eco-friendliness. If recycled plastic is used at a 50% rate in Lion Korea’s "Ai! Kkaekkeutha" products, it is expected that about 220 tons of plastic recycling can be achieved annually.

They will also develop products applying biodegradable bioplastics. For single-use household goods, they plan to apply biodegradable plastic materials that decompose more than 90% within six months by microorganisms, and the two companies will jointly develop these materials.

An SK Geocentric official said, "We expect synergy in developing eco-friendly packaging materials that significantly reduce plastic usage through cooperation with Lion Korea," adding, "As an eco-friendly chemical company leading the 'urban oil field' through plastic recycling, we will concretize packaging solution partnership business results through collaboration with various partners."

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