Korean firm puts plastic waste to good use
South Korea’s Samyang Corp. announced on Jan. 2 that the company had developed plastics made mostly of post-consumer recycled polycarbonates.
The Seoul-based company noted that the proportion of recycled plastics had topped the 90-percent plateau for the first time in the country’s industry.
After used plastics are collected, they are shredded into flakes so that they are used for new polycarbonate resins for the production of various products.
Such a closed-loop recycling system is hailed across the world as an increasing number of consumers and organizations want sustainable products.
“Because of the technological difficulties, the proportion of recycled plastics has been somewhere between 30 percent and 50 percent,” a Samyang official said.
“Even the most advanced corporations failed to top 85 percent. Thanks to seamless research, we managed to surpass the 90-percent mark in two years.”
Samyang CEO Kang Ho-sung said that few companies had succeeded in reaching the 90-percent milestone.
“We will keep expanding the portfolio of eco-friendly substances. Such efforts are in lieu of our ESG management principle,” Kang said.
Short for Environmental, Social, and corporate Governance, ESG refers to the three major factors in gauging the sustainability of a corporation or business.
During the past several years, many corporations and organizations have attempted to adopt ESG as their major management principle both at home and abroad.
Samyang is South Korea’s top-tier company in foodstuffs, chemicals, and plastics. Its history goes back almost 100 years ago.