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Recycling

SK buys stake in Chinese polymer recycling firm

by Alexander H. Tullo
May 22, 2021 | A version of this story appeared in Volume 99, Issue 19
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Most Popular in Environment

 

A photo of plastic cosmetic bottles and jars.
Credit: SK Chemicals
SK Chemicals sells its glycol-modified polyethylene terephthalate under the Ecotria name.

South Korea’s SK Chemicals has purchased a 10% stake in Shuye Environmental Technology for $20 million. The Chinese firm has technology to depolymerize polyethylene terephthalate (PET) into the raw material bis(hydroxyethyl) terephthalate. As part of the deal, Shuye has committed to supplying 20,000 metric tons of raw material to SK, which will use it to make glycol-modified PET, a specialty polyester found in high-end packaging. SK hopes to incorporate recycled material into half of its specialty polyester output by 2025.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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