SK Geo Centric, mother company of SK Functional Polymer (SK-FP), will combine efforts with the South Korean pyrolysis company to reach its goal of being the world’s largest urban oil field corporation based on plastic waste recycling.
SK Geo Centric disclosed its heart of green transformation, SK Innovation Institute of Environmental Science & Technology, and a factory that adopts pyrolysis oil technology of Eco Creation, a partner of the company.
SK Geo Centric has made a new start in September under a new corporate name signifying eco-friendly innovation centered on the earth and shared the financial story, revolving around the evolution to become the world’s largest eco-friendly urban oil field company that extracts oils from recycling plastic wastes.
Especially, the cooperation among three partners: Eco Creation, a South Korean company specialized in pyrolysis; SK Geo Centric, which is equipped with know-hows from its traditional chemical business; and SK Innovation’s Institute of Environmental Science & Technology, drew particular attention in that it will make a significant contribution to the establishment of the plastic waste circular economy by advancing pyrolysis technology and the achievement of the goal of establishing urban oil field company.
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