SK Chemicals to turn discarded banners into new banner fabric

SK Chemicals plans to tackle the growing waste issue in South Korea by creating a regional network to recycle discarded banners into fresh banner fabric, the corporation announced on Tuesday. The firm is collaborating with four local partners – MOA and Daehan Media in the Gyeongsang region, Upcloth in Jeolla, and Seogwipo City's resource-circulation team in Jeju – to establish this recycling framework.

This move comes as Korea generates approximately 6,000 tons of discarded banners each year, with about 70 percent of these ending up in landfills or being burned, according to the Ministry of Climate, Energy and Environment. Each of the targeted regions produces over 1,000 metric tons of banner waste annually. SK Chemicals will lead this initiative utilizing its depolymerization technology, which chemically decomposes plastic waste into molecular components and reforms them into raw materials for creating new banner fabric. The technology promises to eliminate the current waste problem.