SK Global Chemical will deliver a complete plastic waste circulation system by working more closely with stakeholders and offering fundamental solutions, says  CEO of the company Na Kyung-soo at the P4G Seoul Summit which focused on seeking green practices to tackle climate change and promote sustainable development. 

CEO Na Kyung-soo shared the company’s green business practices including its key strategy “3R” (Reduce, Reuse, Recycle), which was designed to establish a plastic waste circulation system, and put forward solutions to global plastic wastes and measures toward an eco-friendly plastic ecosystem. 

Na Kyung-soo said, “SK Global Chemical’s objective is to re-circulate plastic wastes, which will lead to an eco-friendly plastic ecosystem. With a focus on developing core technologies, the company is strongly pushing ahead with green business. In addition, the company will do its part for the establishment of an eco-friendly plastic ecosystem by making 100% of its future plastic products directly and indirectly recyclable.” 

“As a means to boost plastic recycling, SK Global Chemical is considering commercializing its pyrolysis liquefaction technology, where plastic bottle and vinyl wastes are decomposed with heat into a petrochemical raw material (fuel oil) through strategic partnership with global pyrolysis businesses,” added Kyung-soo. 

He said, “We should improve plastic manufacturing processes through development of eco-friendly plastic manufacturing technologies and capital investments, making the products more competitive in terms of price, while saving costs of certified emission reductions by cutting down CO2 emissions during the manufacturing processes through chemical recycling methods such as pyrolysis.” 

He also emphasized, “All businesses in the value chain including plastic raw materials and product manufacturers, and distributors and recycling companies should come forward and work together to accelerate the growth of the eco-friendly plastic market.” 

Na Kyung-soo coomented, “We need to build a circular economy through partnering and we cannot achieve it alone.” 

The P4G Seoul Summit served as a global acceleration event to pursue climate action and sustainable development. This year the event focused on the theme “Inclusive Green Recovery Towards Carbon Neutrality.” The event focused on 5 main sectors - Water, Energy, Food and Agriculture, Cities, and Circular Economy.