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SKC Expands Resource Recycling Education for Elementary Students with My Green Place
● My Green School, a resource recycling education program for elementary students, will be held consecutively this year in Uiseong, Gochang and Ulsan● My Green Place, a game-based waste sorting platform, has been designated as an ‘Outstanding Environmental Education Program of 2024’ by the Ministry of EnvironmentSKC (CEO & President Woncheol Park) has launched a resource recycling education program for elementary students, who are the future leaders of our society, using the game-based waste sorting platform My Green Place.Oh the 13th, SKC announced that it had partnered with the Happy Alliance, a social contribution network, to conduct the My Green School activities at a community child center in Gochang-gun, Jeonbuk Province. My Green School is an education program targeted at elementary students, launched by SKC to enhance awareness of proper waste separation. Since 2022, SKC has been conducting annual demonstration on plastic waste sorting methods at elementary schools and community child centers across the country.This year, starting on the 5th with the Grape Tree Community Child Center in Uiseong-gun, Gyeongbuk Province, along with three nearby centers, SKC will sequentially conduct educational sessions for about 100 students, moving from Gochang-gun, Jeonbuk Province on the 13th to a community child center in Ulsan on the 23rd.During the program, students learn about the properties of plastic materials and then use the My Green Place app to scan barcodes on plastic products, helping them learn proper waste sorting methods. Particularly this year, the program incorporates animations that clearly explain the waste sorting methods for different plastic types, making the education more engaging and accessible for students.My Green Place, Korea’s first game-based waste sorting app, launched in 2022, surpassed 100,000 cumulative downloads last year. Right after its release, it won the Minister of Environment Award (Grand Prize) at an idea competition hosted by the Ministry of Environment, its excellence was reaffirmed in May this year when it was designated as an Excellent Environmental Education Program.To further expand its educational outreach, SKC plans to further strengthen its collaboration with local communities in the second half of the year. Additionally, the Company aims to broaden its educational scope by participating in the government’s Neulbom School program, which ensures all first-grade students receive care at schools. Through this program, SKC will deliver practical environmental education focused on waste sorting, continuing to expand the scope of its education program.“With our resource recycling program utilizing the My Green Place, we aim to enhance the social value of the platform and lead the way in increasing awareness about resource recycling,” said an SKC official. ”We are committed to continuing our social contribution activities to support our ESG practices.” [End][SKC conducted a resource recycling education utilizing My Green Place at a community child center in Gochang, Jeonbuk Province on the 13th]
2024-08-14
SKC Publishes 2024 Sustainability Report
● Compiled to ensure ‘more detailed and transparent information sharing’ ···first instance of disclosing ESG data for each investee● Providing integrated information on business innovation and ESG management to enhance the utility of information for stakeholders, including investors and rating agenciesSKC (CEO Woncheol Park) released its ‘2024 Sustainability Report’ on its website on the 28th.Marking the fifth edition since its inauguration in 2020, the 2024 Sustainability Report has been compiled to provide key stakeholders, including investors, customers, rating agencies, and civic groups, with more detailed and transparent information on ESG management status.The report is composed of three main sections: the Corporate Overview section, the ‘Sustainability Storybook’ that describes the status of SKC’s business sustainability and ESG management, and the ‘ESG Factbook’ that showcases ESG-relevant data. The Sustainability Storybook covers SKC’s business model innovation in EV battery, semiconductor, and eco-friendly materials, along with an overview of their ESG management system. Notably, the ‘SKC Special’ feature provides an at-a-glance view of significant changes from the past year, including the acquisition of the semiconductor test solution company ISC.The ESG Factbook contains detailed quantitative and qualitative ESG-related data for the years 2021 to 2023. Until last year, ESG data was disclosed only as a sum of SKC and its key investees. However, starting with this year’s report, the 2023 data is disclosed separately for SKC, SK Nexilis, SK picglobal, and SK enpulse, and others. This allows stakeholders to access environmental performance data, such as greenhouse gas emission reductions and water recycling, as well as social data covering human resource composition and supplier management status, broken down by each investee.The ‘2023 SKC Activity Report’ is also included in this year’s edition. SKC produced this report on a trial basis for the first time last year to promote the evaluation principles, indicators, compensation scheme of the SKC board of directors and CEO. Going forward, SKC vows to further enhance the soundness of the governance structure by continuing to disclose information transparently.An SKC representative said, ”We promise to continue with bold business model innovations based on our identity as a global ESG material solution company, while simultaneously implementing genuine ESG management practices. We will transparently disclose our performance to stakeholders.”
2024-06-28
SK Leaveo enters into biodegradable slow-release fertilizer market
● Signing an agreement with agricultural products wholesaler Nousbo on May 24 to commercialize biodegradable polymer-coated CRF fertilizers●Collaboratively developing PBAT-coated ecofriendly product to replace conventional plastic-based coating agentsSK Leaveo, the biodegradable material production subsidiary of SKC (CEO: Woncheol Park), enters into the biodegradable material (PBAT)-coated fertilizer market. Established as a joint venture between SKC and food manufacturer Daesang in 2021 to commercialize biodegradable materials, SK Leaveo is rapidly expanding its market coverage from ordinary disposable products to hygiene products such as wet wipe and diaper, and even agricultural fertilizer coating agents.SK Leaveo signed a memorandum of understanding (MoU) with agricultural products wholesaler Nousbo at its head office in Jongro-gu, Seoul on the 24th to collaborate on the commercialization of eco-friendly biodegradable slow-release coating fertilizers. The signing ceremony was attended by the management leaders of the two companies including CEO Hojin Yang of SK Leaveo and CEO Changgyun Kim of Nousbo.SK Leaveo and Nousbo have reached an agreement to collaborative develop ingredients, materials, processes, and product designs for the commercial launch of a new product by the first quarter of next year. They will also expand their partnership to include business model development and global marketing efforts, with the goal of further expanding their market presence.Slow-release fertilizers (SRFs) utilize coating agents to gradually release fertilizer, allowing for precise control of nutrient release aligned with crop growth. The use of SRFs is steadily increasingly due to their ability to significantly reduce soil and groundwater pollution, greenhouse gas emissions, and the need for labor by preventing fertilizer overuse. However, the majority of conventional fertilizer coatings are composed of plastic resins like polyester (PE), which can contaminate soil with residual microplastics.In contrast, the biodegradable slow-release coating fertilizers being jointly developed by SK Leaveo and Nousbo offer an innovative solution to these issues. PBAT, which biodegrades in the natural environment, is utilized as the coating material instead of conventional plastics, leaving no residual coating once the fertilizer is fully released. In addition, the biodegradation interval can be adjusted by varying the coating thickness, ensuring greater ease of control over the fertilizer release rate in alignment with the crop growth pattern.As concerns about microplastics in soil continue to rise, the biodegradable coating fertilizer market is expected to expand even further. Europe, one of the biggest fertilizer markets along with North America, intends to implement a ban on fertilizers coated with plastic resins from 2026.SK Leaveo held a groundbreaking ceremony in Hai Phong, Vietnam on May 11 to commence the construction of the world’s biggest single PBAT production plant capable, with a capacity to produce 70,000 tons annually. “The partnership MoU with Nousbo will facilitate the expansion of our biodegradable material business,” said an official at SK Leaveo. “We are dedicated to discovering additional applications for biodegradable materials by maintaining our commitment to technology development initiatives.” [End][SK Leaveo and Nousbo signed a Memorandum of Understanding (MoU) for the development and commercialization of biodegradable slow-release coating fertilizer at the SKC head office in Jongro-gu, Seoul on the 24th. CEO Hojin Yang of SK Leaveo (left) and CEO Changgyun Kim of Nousbo present copies of the MoU.]
2024-05-27
SK Leaveo breaks ground on a biodegradable material plant in Vietnam
SK Leaveo breaks ground on a biodegradable material plant in Vietnam● SK Leaveo held a groundbreaking ceremony in the Special Economic Zone of Hai Phong City, Vietnam on the 11th to build the world’s biggest production plant with an annual throughput of 70,000 tons● Maximizing quality and productivity with proprietary technologies and building eco-friendly material ecosystem with Vietnam’s biggest plastic company● SKC CEO Woncheol Park says, “the project marks the beginning of SK Leaveo’s far-seeing dream of resolving the plastic crisis and fostering a sustainable economy”SK Leaveo, the eco-friendly material production arm of SKC (CEO: Woncheol Park) has embarked in full swing on the construction of the world’s biggest PBAT (Polybutylene Adipate Terephthalate) production plant.On May 11 (local time), SK Leaveo held the PBAT plant groundbreaking ceremony in the special economic zone of Hai Phong City, Vietnam. The occasion was attended by SKC executives including SKC CEO Woncheol Park and SK Leaveo CEO Hojin Yang, the Ambassador of the ROK to Vietnam Youngsam Choi, and local government dignitaries including Tran Luu Quang, deputy prime minister of Vietnam, and Le Tien Chau, Secretary of the Hai Phong Party Committee.SK Leaveo is a joint venture incorporated by SKC in partnership with food maker Daesang Corp. in 2022 to launch its high-strength PBAT material business. After adopting high-strength PBAT technology from the Korea Research Institute of Chemical Technology (KRICT) in 2020, SKC continued to upgrade the technology with persistent R&D efforts to prepare for commercialization.The PBAT production plant in Vietnam in which SK Leaveo is investing about 100 million dollars in the first phase will cover 22,389㎡ with an annual production capacity of 70,000 tons which will break the world’s record for a single plant. The plant is scheduled to go live in Q3, 2025 and SK Leaveo has already secured additional sites required for capacity expansion to lay down in advance the groundwork for global expansion.PBAT, known as the decaying plastic, replaces conventional plastics. When buried, gets decomposed naturally by microorganisms, thus contributing to reducing environmental challenges posted by wastes. Conventional PBAT is weak on durability, which limits its applications. Yet, SK Leaveo has developed high-strength PBAT with a proprietary technology utilizing nanocellulose as natural reinforcing agent, which expands its applications from agricultural films, packaging materials, containers to fiber, non-woven fabric, and so forth.Hai Phong City that will be home to SK Leaveo’s PBAT plant is one of the top three cities in Vietnam including the capital city of Hanoi and Ho Chi Minh City in the south, known to be Vietnam’s top sea port and crucial industrial city. In particular, the special economic zone of Hai Phong City where SKC’s biodegradable plastic production plant will be accommodated is touted for providing optimum port and logistics infrastructure.The production plant will use raw material mixing and an ester polymerization processes to produce PBAT. In particular, the nanocellulose reinforcing agent and SKC’s over 40-year-long world-leading know-how will enhance process efficiency to reduce the required investment and lift up productivity. Furthermore, with the wholehearted support from the local government, the plant will satisfy the RE100 (Renewable Energy 100%) requirements, covering 100% of its energy load with only renewable energy sources.Along with the production facility, SK Leaveo also vows to foster an eco-friendly biodegradable material industry ecosystem in Vietnam. To that end, SK Leaveo is partnering with An Phat Corp., Vietnam’s largest plastic manufacturer. An Phat will invest in SK Leaveo's Vietnamese subsidiary and sign a long-term PBAT purchase agreement to manufacture biodegradable plastic products bound for major markets around the world.“Plastic is an indispensable material for modern society, but evokes serious environmental issues,” said SKC CEO Woncheol Park. “The PBAT plant groundbreaking ceremony marks the beginning of SKC and SK Leaveo’s far-seeing dream of resolving the plastic crisis and fostering a sustainable economy.” [End][SKC CEO Woncheol Park (fourth from the left), Tran Luu Quang, deputy prime minister of Viet Nam (fifth from the left), and other executive officials press the groundbreaking button at the groundbreaking ceremony of SK Leaveo’s biodegradable plastic production plant held in the special economic zone of Hai Phong City, Vietnam on May 11 (local time).]
2024-05-13
SK Leaveo-KleanNara join hands in making biodegradable wipes·diapers
● SK Leaveo-KleanNara-Bonoa have come to an agreement to commercialize biodegradable eco-friendly hygienic materials ··· putting heads together to develop innovative new products● Conventional hygienic products made of plastic are increasingly identified as a ‘source of pollution embedded in daily life’··· PBAT·biodegradable LIMEX to contribute towards addressing the challengeSK Leaveo, the biodegradable material production arm of SKC (CEO: Woncheol Park), collaborates with KleanNara, a premium paper product manufacturer in Korea, to develop hygienic products made of biodegradable materials.On the 23rd, SK Leaveo, KleanNara, and KleanNara’s subsidiary Bonoa convened at SKC head office in Jongro-gu, Seoul to formalize an agreement on the commercialization of biodegradable eco-friendly hygienic materials. The signing ceremony was honored by the attendance of the top management officials representing each party to the agreement, namely, CEO Hojin Yang of SK Leaveo, CEO Hyunsoo Choi of KleanNara and CEO Yongil Kim of Bonoa.SK Leaveo and KleanNara have entered into an agreement to jointly develop and commercialize a range of hygienic products utilizing biodegradable PBAT(Polybutylene Adipate Terephthalate) and LIMEX materials. They also intend to launch a separate joint research initiative focused on developing a comprehensive lifecycle circulation model spanning from production to disposal.The first collaboration item between the two companies will be wet wipes frequently used in our daily life. Unlike dry paper tissues, conventional wet wipes are composed of a blend of fabric infused with plastic materials such as polyester. According to the Korean Ministry of Environment, the annual consumption of wet wipes in homes, restaurants and other establishments in Korea amounts to 1.6 million tons. Due to the characteristics of polyester, wet wipes are resistant to decomposition when reclaimed and may release hazardous substances when incinerated, thus earning criticism as a “source of pollution embedded in daily life.”To address these challenges, SK Leaveo and KleanNara are targeting the launch of new wet wipes, utilizing high-strength PBAT and biodegradable LIMEX, in the third quarter of this year. Their objective is to provide a solution that naturally decomposes while delivering strength and price competitiveness comparable to conventional polyester-based wet wipes. Additionally, they seek to expand their collaborative efforts to facilitate the commercialization of products derived from biodegradable materials. These products will replace items such as diapers and women’s specialty items, currently manufactured from plastic vinyl or non-woven cloth, which may present similar environmental concerns as wet wipes.Meanwhile, SK Leaveo will begin construction on the world’s largest PBAT production plant, with a capacity of 70,000 tons per year, in Hai Phong, Vietnam during the first half of this year. The plant will also accommodate the production facilities of SK TBMGeostone, an SKC investee specializing in biodegradable LIMEX production, to enhance synergy between the two entities.“Collaborating with KleanNara allows us to swiftly broaden the use of biodegradable materials to encompass a wide array of everyday hygienic products,” remarked a representative from SK Leaveo. “We are committed to further develop high-value biodegradable products at a commercial scale to cater to an even broader range of applications.” [End][On April 23rd, SK Leaveo, SKC’s biodegradable material subsidiary, entered into an agreement with KleanNara and Bonoa for the development of eco-friendly biodegradable hygienic materials. The signed copies of the agreement were presented by CEO Hojin Yang of SK Leaveo, CEO Hyunsoo Choi of KleanNara and CEO Yongil Kim of Bonoa.]
2024-04-24
SKC’s biodegradable material investee makes a fresh start as SK leaveo
● Biodegradable material investee Ecovance renamed SK leaveo ··· embodying the core value of its BM● Full-scale commercialization in high gear with ground broken to build the world’s largest production plant in Hai Phong, Vietnam in the first half of this yearSKC (CEO Woncheol Park)’s biodegradable material investee Ecovance has been renamed SK leaveo, going for full-scale commercialization.SK leaveo held a board meeting on the 5th of April where the board members resolved to change the corporate name. The new name embodies the core value of their biodegradable material business model (BM); that their products will biodegrade naturally, leaving zero waste. SK leaveo also unveiled their new slogan, ‘We leave zero,’ in step with the new corporate name.SK leaveo plans to break ground in Hai Phong, Vietnam in the first half of this year to build the world’s largest PBAT (Polybutylene Adipate Terephthalate) production plant capable of producing 70,000 tons a year. Hai Phong is Vietnam’s principal port city and key industrial hub, equipped with excellent logistics infrastructure. The city can also meet RE100 requirements by supplying all electricity demands with renewable energy, ensuring the eco-friendliness of the production process.To expand the viable applications of PBAT, SKC uses nano-cellulose extracted from trees as a reinforcing agent to drastically increase its strength to a level comparable to conventional plastic. Accordingly, PBAT can be used for not only agricultural and packaging films and containers for various consumable products but also non-woven fabrics in personal hygiene products including diapers, sanitary pads and other filter products.A production facility of SK TBMgeostone, SKC’s biodegradable LIMEX material investee, will be also hosted by Hai Phong. Biodegradable LIMEX is an innovative eco-friendly material made from natural inorganic limestone combined with biodegradable PBAT resin in lieu of conventional plastic. Synergy between Vietnam’s rich limestone reserve and SK leaveo’s PBAT technology is expected to result in superb quality and price competitiveness.“The new name shows the significance and vision of our biodegradable material business more clearly,” said a SK leaveo official. “We will expand our eco-friendly business portfolio, producing high-value material solutions for a wide variety of applications.” [End][People of SK leaveo, SKC’s biodegradable material investee, present the new CI and slogan.][SK leaveo CI]
2024-04-08
SKC Emphasized “Overcoming the Recession and Strengthening the Profit Structure” in the Annual General Meeting of Shareholders.
● SKC’s Annual General Meeting of Shareholders was held on March 26 at its headquarters in Jongno-gu, Seoul, with live online streaming for the second consecutive year to enhance shareholder accessibility.●New appointments include inside director Jihan Yu and non-executive director Changho Shin, and outside director Siwon Park was reappointed.●CEO Woncheol Park: “To focus on strengthening the profit structure and stabilizing new businesses in the early phase.”SKC (CEO Woncheol Park) held its 51st Annual General Meeting of Shareholders (AGM) on the morning of March 26 on Floor 6 of its headquarters at Jongno-gu, Seoul. Following last year, SKC live-streamed the AGM online once again to improve shareholder accessibility.As the chair of the AGM, SKC CEO Woncheol Park reported business performance results to shareholders, stating, “Last year, we experienced an unprecedented business environment in which front markets for our major businesses, such as EV batteries, semiconductors, and chemicals, subsided simultaneously.” He further explained, “Despite uncertainty in the business environment, we upgraded our business portfolios by achieving flexibility for front-end processes in non-core businesses of chemicals and semiconductors and investing in high value-added semiconductor back-end processing.”SKC has also consistently reinforced its ESG management. In July last year, it received an ‘A’ rating from Morgan Stanley Capital International (MSCI), one grade higher than the previous year. Its rating assessed by the Korea Institute of Corporate Governance and Sustainability (KCGS) was also upgraded to ‘A+’ in October of the same year.“We will strengthen the profit structure of our main businesses, such as copper foil for EV batteries and semiconductor test sockets, and promote early stabilization of new businesses, including semiconductor glass substrates and biodegradable materials,” explained CEO Woncheol Park regarding this year’s business strategies and emphasized, “We will strive for enhanced mid- to long-term sustainability through exhaustive risk management.” After the business report, explanations were provided for questions submitted by shareholders online in advance.At the AGM, Jihan Yu, SKC’s Chief Financial Officer (CFO) and Head of the Business Supporting Division, was newly appointed as an inside director, and Changho Shin, SK Inc.’s Head of the Portfolio Management Division, as a non-executive director. In addition, Siwon Park, a professor at Kangwon National University School of Law, was reappointed as an outside director.With these appointments, SKC aims to enhance the Board’s expertise in finance and investment while further strengthening its supervision functions over the management. The reappointment of director Siwon Park also allowed the ratio of female directors among outside directors to remain at 50%. Other bills to approve the financial statements and directors’ remuneration ceilings were passed.An SKC executive said, “Although the business environment remains uncertain this year, we will overcome it and secure the company’s profitability,” and added, “We promise to make our utmost effort to ensure that the company’s growth leads to increased shareholder value.” [End]
2024-03-26
SK TBM Geostone Supplies Refill Stations Using Biodegradable LIMEX at E-Mart24
● GreenFill Box, using biodegradable LIMEX containers to allow customers to buy detergent refills, has been launched at E-MART24’s R Yongsan TriSquare branch.● Containers are made from a new material that combines a biodegradable polymer (PBAT) and natural limestone to help achieve zero plastic.On March 24, SK TBM Geostone, an investee company of SKC (CEO Woncheol Park) specializing in biodegradable materials, announced that it had launched a service called GreenFill Box in collaboration with E-MART24, a prominent South Korean convenience store company, and a marketing specialist Plan Devenir. GreenFill Box is an eco-friendly refill station in vending machine format.The GreenFill Box, installed at E-MART24’s R Yongsan TriSquare branch in Yongsan-gu, Seoul, is a service that allows customers to easily purchase laundry or dishwashing detergent in a refillable container made of SK TBM Geostone’s biodegradable LIMEX. After buying the container just once, customers can repurchase detergent as many times as needed, enabling eco-friendliness and more reasonable consumption.Biodegradable LIMEX is a new material that combines PBAT(Polybutylene Adipate Terephthalate), a biodegradable material that replaces existing plastic resin, and limestone, a natural ingredient. Under certain conditions, it completely biodegrades and returns to nature. Through this, E-MART 24 GreenFill Box can go one step further to realize ‘Zero Plastic’ compared to conventional refill stations that recycle regular plastic containers that do not decompose in landfills or incineration.Previously, in 2021, SKC established SK TBM Geostone through a joint venture with TBM, a Japanese company that owns LIMEX technology. SKC has been promoting the commercialization of biodegradable LIMEX. SK TBM Geostone entered the eco-friendly paint container market by signing an MOU for developing biodegradable and eco-friendly paint containers with Samwha Paint, a leading domestic paint manufacturer in South Korea, in January of this year.Additionally, SKC is working to commercialize high-strength PBAT, a biodegradable material developed by its investee company Ecovance, using its own technology. Ecovance and SK TBM Geostone are planning to build a PABT manufacturing facility with an annual capacity of 70,000 tons, the world’s largest for a single site, and a LIMEX production facility with a capacity of 36,000 tons per year, respectively, aiming for operation in 2025.An executive from SK TBM Geostone said, “It will be easier to practice eco-friendly consumption by reducing plastic usage as consumers can use biodegradable containers for detergent products, which comprise a high proportion of plastic waste generated from households. [End][SKC’s investee company SK TBM Geostone, in the biodegradable materials business, launched the GreenFill Box, an eco-friendly refill station in vending machine format. An employee is introducing a container for the GreenFill Box, made of SK TBM Geostone’s biodegradable LIMEX, at E-MART24’s R Yongsan TriSquare branch.]
2024-03-25
SK TBMGeostone joins hands with Samhwa Paints-P&B to develop eco-friendly containers
● Signing a tripartite MoU on the 22nd ··· aspiring to release biodegradable LIMEX paint containers in Q1●Replacing dozens of thousand tons of plastic containers a year with eco-friendly alternatives··· eco-friendly biodegradable materials to support a variety of applicationsSK TBM Geostone, SKC (CEO: Woncheol Park)’s biodegradable material-producing investee, joins hands with Samhwa Paints to market eco-friendly paint containers.SK TBM Geostone, Samhwa Paints, and container manufacturer P&B signed a memorandum of understanding on the development of biodegradable eco-friendly paint containers at SKC head office in Jongro-gu, Seoul on the 22nd. The signing ceremony was attended by leading figures of the parties involved in the MoU including CEO Jihyeon Yang of SK TMB Geostone, CEO Kiboong Ryu of Samhwa Paints and CEO Yeonki Hwang of P&B.The purpose of the MoU is to allow the three parties to actively cooperate in ▲designing and distributing eco-friendly paint containers, ▲developing and sourcing eco-friendly ingredients optimized to container design, and ▲developing and manufacturing paint containers.Samhwa Paints plans to adopt paint containers manufactured by P&B out of SK TBM Geostone’s eco-friendly biodegradable LIMEX material in Q1 of this year. SK TBM Geostone has developed LIMEX based on biodegradable PBAT ((Polybutylene Adipate Terephthalate) and natural limestone to deliver durability, workability and sealing performance comparable to conventional containers.The Korean paint market is valued at around 4 trillion won. Conventional plastic containers are lightweight and easy to use, but they do not decompose when buried or incinerated, triggering pollution with plastic particulates. In contrast, biodegradable LIMEX containers not only uses eco-friendly ingredients but also decompose more than 90% back to nature in six months when placed under the right composting conditions.SKC founded SK TBM Geostone in a joint venture with TBM of Japan that has LIMEX technology back in 2021 to commercialize biodegradable LIMEX solutions. SKC is also seeking to commercialize high-strength PBAT, a proprietary material developed by its investee Ecovance. Targeting 2025 as the starting year of operation, SKC is building the world’s biggest PBAT production plant to produce 70,000 tons a year and a LIMEX production facility to deliver 36,000 tons a year in Haiphong City, Vietnam.“The collaboration among Samhwa Paints and P&B known for their remarkable competitiveness in paint and container markets and SK TBM Geostone that possess proprietary biodegradable material solutions will produce strong synergy,” said CEO Yang Ji-hyeon of SK TBM Geostone. “We will further diversify the applications of biodegradable materials to enhance our biodegradable material business lineup.” [End][SK TBM Geostone, Samhwa Paints and P&B sign a MoU on the development of biodegradable eco-friendly paint container at SKC head office in Jongro-gu, Seoul on the 22nd. CEO Jihyeon Yang of SK TBM Geostone, CEO Kiboong Ryu of Samhwa Paints and CEO Yeonki Hwang of P&B (from the left) are showing signed copies of the MoU.][SK TBM Geostone’s eco-friendly paint containers made of biodegradable LIMEX solution]
2024-01-23
SKC Showcases Eco-friendly Materials Technology at the Theme Park Exhibition Space ‘SK Wonderland.’
● SKC introduces its flagship products of EV batteries, semiconductors, and eco-friendly materials in the exhibition space jointly operated by SK Group’s seven affiliates.●Participating in CES for five consecutive years since 2019, SKC continues introducing its innovative business model direction to the global market.SKC (CEO & President Woncheol Park) will showcase its materials technologies covering EV batteries, semiconductors, and eco-friendly sectors at CES (Consumer Electronics Show) 2024, the world’s largest industrial exhibition, held in Las Vegas, USA from January 9 to 12 next month (local time).At CES 2024, SKC will introduce its flagship products and technologies throughout SK Wonderland, an exhibition space jointly operated by SK Group’s seven affiliates. SK Wonderland is designed in a theme park format, allowing visitors to experience happiness in the ‘Net Zero’ world, where the climate crisis has been resolved.SKC’s products and technologies can be explored when visitors enter the exhibition. The guide map distributed when entering SK Wonderland is not made from regular paper. It is made of SKC’s biodegradable LIMEX, an eco-friendly new material combining the biodegradable plastic material PBAT with limestone-based LIMEX, which is harmless to nature. SKC has been working to commercialize biodegradable LIMEX materials since establishing a joint venture called SK TBMGEOSTONE in 2021, jointly with TBM, a Japanese company that owns LIMEX technology.In the Dancing Car zone, SK Group’s eco-friendly EV technologies are introduced as automobiles hanging from robot arms move like dancers in front of the screen. This is where copper foil, a key material for EV batteries, and silicon anodes that can significantly reduce EV charging time are presented. SKC has initiated the global expansion of its copper foil business with the first shipment from SK Nexilis’ new production facility in Kota Kinabalu, Malaysia, in October this year. It will further commence pilot production of high-quality silicon anodes early next year.In addition, visitors can obtain information on semiconductor glass substrates for high-performance computing in the AI Fortune Teller zone. Glass substrates, which improve the performance of semiconductor packages, are again featured at CES 2024 as a solution to speed up AI servers processing large-scale data.SKC has participated in CES for five consecutive years since 2019 (CES 2021 was not held), introducing new technologies and its direction of business model innovations to the global market. While the company focused on its film business in 2019, the first year of participation, the exhibition content has evolved in line with the direction of business model innovations, such as copper foil, glass substrates, and biodegradable materials.An SKC executive said, “We plan to showcase ESG materials solutions in EV materials, semiconductors, and eco-friendly sectors through SK Wonderland, which will become a landmark of CES 2024,” and added, “SKC will continue to develop technologies to enhance added values and discover new businesses.” [End][CES 2024 SK Wonderland Guide Map made with SKC’s biodegradable LIMEX]
2023-12-27