GS Caltex to Collaborate with L'Or?al on Cosmetics... Heo Se-hong: "Utilizing Natural Bio"
MOU for Development and Supply of Bio-Based Cosmetic Ingredients
Utilizing GS Caltex Bio Division's R&D Capabilities
Collaboration to Achieve Environmental Responsibility and Circular Economy Values
As part of its carbon neutrality efforts, GS Caltex, which is working to establish a white bio ecosystem, is partnering with L'Or?al Group, the world's number one cosmetics company, to develop bio-based cosmetic ingredients.
On the 27th, GS Caltex announced that it signed a memorandum of understanding (MOU) on the development and supply of bio-based cosmetic ingredients at the GS Tower in Gangnam-gu, Seoul, with Huh Se-hong, President of GS Caltex, Barbara Lavernos, Executive Vice President of L'Or?al's Research, Innovation & Technology Division, and others in attendance.
The two companies joined hands to realize shared values and goals for a sustainable future. GS Caltex is focusing on green transformation (GX), which involves carbon reduction in existing businesses and the full-scale launch of low-carbon new businesses such as hydrogen and circular economy for waste plastics. Among these efforts, it is concentrating on building a value chain across its bio business, including bio marine fuel and bio aviation fuel. Since 2019, GS Caltex has independently developed and produced a production process for '2,3-butanediol' using non-GMO biomass and microorganisms. 2,3-butanediol is a naturally occurring, human-friendly natural substance with excellent moisturizing, anti-inflammatory effects, and dispersion power of active ingredients, making it suitable for use as a cosmetic ingredient. The eco-friendliness of the entire production process has been recognized, earning domestic and international eco-certifications, and it is supplied as a raw material for products of famous domestic and international cosmetic brands under its own brand, "Green Diol."
On the 26th, at GS Tower in Gangnam-gu, Seoul, Huh Se-hong, President of GS Caltex (left), and Barbara Laverneaux, Senior Vice President of L'Or?al, signed a business agreement on the development and supply of bio-based cosmetic ingredients and took a commemorative photo.
[Photo by GS Caltex]
L'Or?al has set a goal to shift its business focus to environmentally conscious operations by 2030. By 2030, it plans to extract 95% of its natural ingredients from bio-based sources or minerals. Last year, it achieved 61%.
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President Huh said, "We will actively utilize GS Caltex's research and development and production capabilities to strengthen eco-friendly leadership together with L'Or?al." Vice President Lavernos stated, "We will pioneer the future of beauty by achieving sustainable innovation with GS Caltex."
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