Expected to expand resource circulation base for over 1,000 tons of discarded banners per year

Expected to expand resource circulation base for over 1,000 tons of discarded banners per year

(Seoul = Yonhap News) Reporter Lim Seong-ho = SK Chemicals announced on the 6th that it will establish a regional cooperation system for a circular economy that leads to recycling, commercialization, and distribution of waste banners.

SK Chemicals has formed a discarded banner circulation resource business team with four participating organizations, including Moa, Daehan Media, Upclos, and the Jeju Special Self-Governing Province Seogwipo City Resource Recycling Team, and will collaborate in earnest.

The four participating organizations will be in charge of collecting waste banners by region, and will use the expertise of each organization, including pre-processing, distribution, and sales, to establish the entire process from recycling, commercialization, and distribution together with SK Chemicals.

By region, the collection of discarded banners is handled by Moa and Daehan Media in the Gyeongsang-do region, Upclos in the Honam region, and Seogwipo City in the Jeju region.

The collected waste banners are sent to MOA, which has expertise in pre-processing, and are processed into a form and quality that can be used for chemical recycling. Afterwards, it is converted into raw material using SK Chemicals' depolymerization (decomposing waste plastic and returning it to material) technology and converted into a material that can be used as a banner.

SK Chemicals estimates that more than 1,000 tons of waste banners will be generated annually in the Yeongnam-Honam and Jeju regions and expects that this project will significantly reduce the amount of landfill and incineration of waste banners and expand the resource circulation base.

This project also received the Chairman's Award of the Korea Chamber of Commerce and Industry at the 'Social Value Festa' linked idea solver event held last month hosted by the Korea Chamber of Commerce and Industry and the Ministry of Public Administration and Security.

An official from SK Chemicals said, "Through collaboration with participating organizations, we will expand the scope to metropolitan and local governments to establish a circulation system for discarded banners and create a success story of returning discarded banners to banners."