SK Geo Centric and Veolia Asia held a video conference in the SK Jongno Tower in Jongno-gu, Seoul, to sign the Memorandum of Understanding (MOU) for the activation of a circular economy within the Asian market on July 22.
SK Geo Centric is a subsidiary of SK Innovation for eco-friendly chemical businesses, while Veolia is a French company specializing in ecological transformation and resource management business.
Executives of both sides, including CEO Na Kyung-soo of SK Geo Centric, Senior Executive Vice President and Director of Asia & Pacific Christophe Maquet of Veolia, and CEO and Representative Director Herve Peneau of Veolia Korea attended the signing ceremony.
Following the signing of the MOU, the two companies promised to cooperate in terms Veolia’s global eco-friendly business capabilities, as well as PET-polypropylene (PP) recycling, pyrolysis, and other circular economy businesses for plastics in line with SK Geo Centric’s project to build a recycling cluster in Ulsan.
CEO Na of SK Geo Centric said, “We are pleased to take the first step in the circular economy based on the eco-friendly competencies both countries own here in the Asian market which has great potential.”
He emphasized, “In keeping with the global trend for green businesses, we will take our part in aiding South Korea to lead the circular economy business, starting with the recycling cluster in Ulsan and targeting the Asian market.”