Solving Plastic Waste Issues in a Circular Way
Advanced recycling is a technology that chemically decomposes waste plastic into monomers, the raw materials for plastic. It is considered important technology for the advancement of packaging-to-packaging recycling, helping solve plastic waste issues in a circular and innovative way.
SK chemicals and The Estée Lauder Companies will gradually increase the amount of recycled materials in their products and replace other non-recyclable materials, with designs that incorporate recyclable or recycled materials, helping to move ELC’s packaging sustainability goals forward.
The agreement enables the potential acceleration of the packaging sustainability movement in the global cosmetics container market, as SK chemicals’ unique recycling solution will be applied to The Estée Lauder Companies and its portfolio of brands.
Ahn Jae-hyun, the CEO of SK chemicals, said, “Through this agreement, we believe positive synergies can be created in both business and environmental aspects as SK chemicals, leading the circular recycling plastic technology, partners with The Estée Lauder Companies, leading the global cosmetics market.”