KoreaTech Today - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTech Today - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home SK

SK Global Chemical, LogisAll Develop Cycle System for Waste Reduction

 730 total views,  1 views today

James Jung by James Jung
PUBLISHED: February 9, 2021 UPDATED: February 9, 2021
in SK, Tech Industry
0
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical

SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical

South Korean chemical company SK Global Chemical Co. signed a memorandum of understanding (MOU) with LogisALL Consulting and Engineering. Besides its electronics and chemical-related services, LogisALL also offers pallet and container rental, logistics business consulting, and SCM. In line with the country’s environmental, social, and governance (ESG) initiative, the partnership will facilitate the reduction of logistics waste.

“We will be able to upcycle damaged pallets to make new plastic products such as eco-friendly packaging containers,” said SK Global Chemical. During the signing ceremony at SK Seorin, SK Global Chemical President Na Kung-soo and LogisALL Chairman Suh Byong-yoon were present. The SK Innovation affiliate explained that the collaboration came from emerging environmental problems and the collective responsibility to address them. To reduce the amount of waste in logistics packaging, both companies would establish a resource circulation system.

Under the agreement, the two companies would be establishing a virtuous cycle system for logistics waste and pallet recycling. By utilizing their combined knowledge in waste reduction and operation know-how, both companies would co-develop eco-friendly plastic packaging materials. SK Global Chemical and LogisALL would collaborate in enhancing plastic recycling technologies in addition to the eco-friendly packaging. By 2025, LogisALL targets to replace over 10 percent of Korea’s plastic parcel delivery containers with eco-friendly materials.

“SK Global Chemical will build a green business model in all places that use plastics, including the logistics industry from an ESG perspective,” said SK Global Chemical’s president. “Environmental problems caused by excessive waste can be greatly reduced if disposable packaging materials are replaced with eco-friendly plastic packaging materials that can be reused for a long period, or used plastics are recovered and recycled to make products again,” continued Na.

SK Global Chemical’s plastic recycling technologies

Earlier this year, SK Global Chemical partnered with US-based waste solutions provider Brightmark. Under the collaboration, the two companies would produce and commercialize pyrolysis-based plastic recycling technology. Through pyrolysis technology, both companies could help in the advancement of the circular economy of plastic. Last year, SK Global Chemical hosted the 2020 Korea Eco-Friendly Packaging Forum, a gathering of institutions that provide packaging solutions. Intending to help solve the plastic waste problem, the institutions shared eco-friendly plans on reducing packaging waste.

Check out other must-read articles from KoreaTechToday:

  • SK Global Chemical, Brightmark to Develop Pyrolysis-Based Plastic
  • Hanwha Solutions Increases Production of Eco-Friendly Plasticizer Eco-DEHCH
  • LG Chem Develops First Ever Biodegradable Plastic Alternative
  • LG Chem, Neste Join Hands to Produce Eco-Friendly Synthetic Resins
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: LogisALLlogistics wasteplastic recyclingSK Global Chemicalupcyclewaste reduction

Related Posts

South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
metaverse

South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally

January 24, 2022
SK Group forms ‘SK ICT Alliance’ for AI chip development
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
5G

SK Group forms ‘SK ICT Alliance’ for AI chip development

January 11, 2022
SK Telecom partners with Erisson for 5G standalone network
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
SK Telecom

SK Telecom partners with Erisson for 5G standalone network

November 18, 2021
SK Inc. invests in clean hydrogen production
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
Hydrogen

SK Inc. invests in clean hydrogen production

October 14, 2021
Hanwha Techwin, Azena and KT to come together for AI video solutions
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
AI

Hanwha Techwin, Azena and KT to come together for AI video solutions

October 7, 2021
Samsung introduces 5 nm chip for its wearables for the first time
SK Global Chemical signs an MOU with LogisALL to co-develop a virtuous cycle system for logistics waste reduction and plastic recycling. / photo courtesy of SK Global Chemical
Samsung

Samsung introduces 5 nm chip for its wearables for the first time

August 12, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • SKT Popularizes Social VR with Ifland Metaverse Platform

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Top 8 South Korean Mobile MMORPG to Watch Out For in 2021

    0 shares
    Share 0 Tweet 0
  • Best Korean Dramas To Watch This 2021

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • KT Continues to Accelerate Its ‘Digico’ Transformation

    0 shares
    Share 0 Tweet 0
  • LG, Samsung to Reveal Advanced AI-Based Fridges at CES 2020

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |