Amcor, SK Geo Centric Partner for Supply of Recycled Content

Source: www.gulfoilandgas.com 10/26/2023, Location: Asia

Amcor, a global leader in developing and producing responsible packaging solutions, announced that it has signed a Memorandum of Understanding (MOU) with SK Geo Centric (SK), a leading petrochemical company based in South Korea, to source advanced recycled material primarily in the Asia Pacific region beginning in 2025.

The MOU with SK will enable Amcor to provide access to packaging solutions using recycled content for food and healthcare customers in key markets in Asia Pacific, as well as globally, building on Amcor's existing global access to advanced recycled material through ExxonMobil, as well as its recent investment with Licella in Australia. Combined, these partnerships will help Amcor take another important step toward achieving its target of 30% recycled content across its portfolio by 2030.

"Our ability to deliver more sustainable packaging solutions containing recycled material is increasingly important to customers in all consumer categories," said Mike Cash, president of Amcor Flexibles Asia Pacific. "These partnerships will help enable Amcor to unlock opportunities for food and healthcare customers to leverage recycled content in their packaging, and will also foster a circular economy by significantly reducing the need for virgin plastic."

SK Geo Centric CEO Na Kyung-soo said, "We are committed to contributing to a circular economy by expanding the supply chain where pyrolysis oil, produced from end-of-life plastic, can provide recycled content in consumer packaging. Providing Amcor with access to that material is an important step forward."

SK extracts pyrolysis oil from end-of-life plastic waste that would otherwise be sent to landfill. SK is using post-processing technology the company developed. This can then replace crude oil as a feedstock for petrochemical processes and subsequently polyethylene to make new sustainable packaging materials for our customers.





Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.