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SK Group to build biodegradable material factory in Vietnam

SKC Co. of the Republic of Korea (RoK) is planning to build a factory in Vietnam to produce materials for biodegradable plastics, as it pushes to expand the eco-friendly materials business.
SK Group to build biodegradable material factory in Vietnam ảnh 1Leaders of Hai Phong city present the investment registration certificate to the RoLK's SK Group at a ceremony on September 22. (Photo: VNA)
Seoul (VNA) - SKC Co. of the Republic of Korea(RoK) is planning to build a factory in Vietnam to produce materials forbiodegradable plastics, as it pushes to expand the eco-friendly materialsbusiness.

SKC, achemical unit under the energy-to-telecom conglomerate SK Group, said onSeptember 25 that the factory of Ecovance, a joint venture between SKCand two other RoK partners, will be established in Vietnam's northeastern cityof Hai Phong to manufacture polybutylene adipate terephthalate (PBAT), abiodegradable co-polymer widely used as feedstock for general plastics.

The facility is set to go operational in 2025 and produce 70,000tonnes of PBAT a year.

Officials of SKC and Ecovance visited Hai Phong on September 22 for aceremony where Vietnamese authorities presented them with an investmentregistration certificate.

Ecovance specialises indeveloping PBAT with enhanced durability. PBAT is extensively used in generalpurpose plastics, from industrial films and food containers to diapers andmasks.

SKC will also be building a separate facility to produce an annual36,000 tonnes of its biodegradable material, named Limex, at the same site,according to the firm.

SKC is pivoting to an advanced materials company largely engagedin the manufacturing of secondary battery materials and other advancedcomponents like semiconductor packaging./.
VNA
#SKC #SK Group #biodegradable plastics #Hai Phong #Republic of Korea #foreign direct investment #updated Vietnam news #Vietnamplus #Vietnam News Agency Korea (RoK) Vietnam
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