16 Mar 2023 --- Korea-based SK chemicals has made a US$100 million asset purchase agreement with Shuye, a Chinese company specializing in green materials to secure the “world’s first” mass production system for recycled raw materials and PET. Shuye’s supply of recycled plastic raw materials enables SK chemicals to have price competitiveness and facilitates the development of disruptive recycling technologies. The system targets the market for high-value-added special materials such as industrial fibers to meet various customer demands such as climate neutrality and price.
