Solus Advanced Materials Surpasses 90% Waste Recycling Rate for Four Consecutive Years Since Establishment

Solus Advanced Materials announced on the 5th that it has been consistently maintaining a waste recycling rate of over 90% at its domestic sites to realize a circular economy.

Since its establishment in October 2019, Solus Advanced Materials has achieved a waste recycling rate of over 90% for four consecutive years (2020?2023) at its electronic materials plant in Iksan, Jeonbuk. The Iksan plant's waste recycling rate has steadily remained above 90%, recording 94% in 2020, 90% in 2021, 92% in 2022, and 93% in 2023. This year as well, the recycling rate is being managed above 90% through continuous waste recycling improvement activities.

The Solus Advanced Materials Iksan plant fully recycles waste generated after the use of solvents and machine oils required in the electronic materials production process through waste recycling companies. Flammable liquid wastes such as waste oil and waste organic solvents are mixed, filtered, and emulsified to be converted into fuel and utilized as recycled fuel oil. The residue remaining after combustion is recycled as cement fuel, pursuing 100% resource circulation.

In accordance with Article 38 of the Waste Management Act, reports on waste generation and treatment are submitted annually to local governments. The transportation and treatment of waste are legally operated through the Waste Proper Treatment System (Olbaro System).

In addition, various efforts for ESG (Environmental, Social, and Governance) management are being made, such as promoting activities to reduce utility usage with a goal of reducing greenhouse gas emissions by 2.5% compared to the previous year and reviewing the introduction of renewable energy.

Meanwhile, Solus Advanced Materials has established a dedicated Environment, Health, and Safety (EHS) team to build and implement safety and environmental management systems. It obtained ISO 14001 (Environmental Management System) and ISO 45001 (Occupational Health and Safety Management System) certifications issued by the International Organization for Standardization (ISO) in 2020 and has maintained and renewed them to date.

Kim Tae-hyung, CEO of Solus Advanced Materials, said, "Our company practices eco-friendly management by recording a high waste recycling rate of over 90% annually for a sustainable environment. We plan to further increase the recycling rate aiming for zero waste to improve resource circulation efficiency and strengthen ESG management, including greenhouse gas reduction."

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