SK Chemicals Partners with Gunsan City to Launch Recycling of Used Banners

SK Chemicals-Gunsan City-Livelop Business Agreement

SK Chemicals is partnering with local governments to address the issue of waste from discarded banners.

At the signing ceremony for the establishment of a textile-to-textile recycling ecosystem held on the 27th at the SK Chemicals headquarters in Pangyo, Kim Hyun-seok, Head of Business Development at SK Chemicals, Shin Won-sik, Deputy Mayor of Gunsan City, and Lee Jun-seo, CEO of Libellop, are taking a commemorative photo. Photo by SK Chemicals

On the 27th, SK Chemicals announced that it signed a business agreement to establish a 'textile-to-textile' recycling ecosystem that reuses discarded banners as banner fabric through chemical recycling technology. The signing took place at the SK Chemicals headquarters in Pangyo, with Shin Won-sik, Vice Mayor of Gunsan City, Lee Jun-seo, CEO of Revelop, and Kim Hyun-seok, Head of Business Development at SK Chemicals, in attendance.

They agreed to build a system where recycled fibers made from discarded banners are reused again as banners.

Generally, banners are primarily made of plastic synthetic fibers, which do not decompose well when landfilled and emit large amounts of greenhouse gases and carcinogens when incinerated. Most discarded banners are difficult to recycle and are mostly incinerated, with some being recycled into products such as shopping bags, garbage collection sacks, and eco-bags. However, these products are also incinerated or landfilled after use.

However, by using SK Chemicals' circular recycling solution, collected discarded banners can be processed into PET fibers and used in banner manufacturing, creating a sustainable resource circulation structure where discarded materials are recycled again. SK Chemicals' circular recycling solution, based on depolymerization technology, returns waste plastics to pure raw material form to manufacture plastics, achieving the same quality and properties as petroleum-based plastics.

Under this agreement, Gunsan City will provide banners collected within its jurisdiction to SK Chemicals, which will produce circular recycled PET using chemical recycling technology and supply it. Revelop plans to manufacture banner fabric from the circular recycled material and develop various products.

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