Korean Companies Visiting Versailles Palace Invited by French Government

Na Kyung-su, President of SK Geocentric
Attends 'Choose France Summit' on the 15th, an Event Inviting French Investment Firms

SK Geocentric, which declared its goal as the 'world's best recycling material company,' is expanding its global influence in the circular economy sector.

Na Kyung-su, President of SK Geocentric. Photo by SK Geocentric

SK Geocentric announced that President Na Kyung-soo will officially attend the 'Choose France Summit,' hosted by the French government at the Palace of Versailles on the 15th (local time), where he will meet key political and economic figures including President Macron and CEOs of global companies.

The Choose France Summit is an event held since 2018 where the French government invites CEOs of leading overseas companies to attract investment and revitalize the economy. This year, about 270 representatives from major global companies from around 40 countries, including Coca-Cola, Pfizer, and Toyota Motor Corporation, are expected to attend.

At this event, President Na plans to meet CEOs of global partner companies jointly promoting the establishment of plastic recycling plants to discuss cooperation plans. He also intends to inform French political and economic stakeholders about plastic recycling-related businesses and request continuous cooperation and support.

SK Geocentric is actively exchanging with French companies and accelerating its global market penetration, including Europe. Last year, it signed a joint venture business agreement with SUEZ, a French water and waste management company, and Loop Industries, a Canadian company possessing core recycling technology, to establish a plastic recycling plant in Europe. The three companies plan to invest approximately 450 million euros (about 620 billion KRW) to build a recycling plant with an annual capacity of about 70,000 tons in the 'Saint-Avold' area in northern France by 2027.

In 2019, SK Geocentric acquired the high-performance polymer business from Arkema, the leading French polymer petrochemical company, for 335 million euros (about 440 billion KRW). High-performance polymers are used in various fields such as packaging and adhesive materials.

Na Kyung-soo, President of SK Geocentric, said, "Through this event, we will expand exchanges with Europe, including France, and actively promote that SK Geocentric can contribute to solving the plastic waste problem. We will make the best use of SK Geocentric's experience and technology in building a global circular economy."

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