SK Chemicals and the Seoul Metropolitan Government signed a Memorandum of Understanding (MOU) to promote the circular recycling of waste banners.

The recycling stages of waste banners: waste banners are shredded, chemically recycled into raw materials, spun into yarn, and finally made into new banners.

Under the partnership, Seoul City will establish a centralized collection system for waste banners that are generated by local districts and centralize them at the Seoul Resource Center (SR Center). The collected waste banners are then supplied to SK Chemicals.

SK Chemicals will apply its advanced recycling technologies to transform collected waste banners into reusable resources. This includes both high-value mechanical recycling (compounding) and chemical recycling based on depolymerization.

Specifically, SK Chemicals’ chemical recycling technology, known as circular recycling, breaks down waste plastics to their molecular level, converting them into raw materials that can be used to produce plastics equivalent in quality to virgin petroleum-based materials.

This chemical recycling method enables continuous recycling without compromising quality, making closed-loop banner recycling possible, where waste banners can be repeatedly regenerated into new banners.

his partnership marks SK Chemicals’ second such agreement this year, following a previous collaboration last month with the Ministry of the Interior and Safety and five local governments. SK Chemicals had also signed a similar recycling agreement with Gunsan City in August last year.

SK Chemicals and the Seoul Metropolitan Government signed a Memorandum of Understanding (MOU) to promote the circular recycling of waste banners.

The recycling stages of waste banners: waste banners are shredded, chemically recycled into raw materials, spun into yarn, and finally made into new banners.

Under the partnership, Seoul City will establish a centralized collection system for waste banners that are generated by local districts and centralize them at the Seoul Resource Center (SR Center). The collected waste banners are then supplied to SK Chemicals.

SK Chemicals will apply its advanced recycling technologies to transform collected waste banners into reusable resources. This includes both high-value mechanical recycling (compounding) and chemical recycling based on depolymerization.

Specifically, SK Chemicals’ chemical recycling technology, known as circular recycling, breaks down waste plastics to their molecular level, converting them into raw materials that can be used to produce plastics equivalent in quality to virgin petroleum-based materials.

This chemical recycling method enables continuous recycling without compromising quality, making closed-loop banner recycling possible, where waste banners can be repeatedly regenerated into new banners.

his partnership marks SK Chemicals’ second such agreement this year, following a previous collaboration last month with the Ministry of the Interior and Safety and five local governments. SK Chemicals had also signed a similar recycling agreement with Gunsan City in August last year.