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Korean Kolon Industries introduces post-consumer recycled PET Films

June 09/2021

MOSCOW (MRC) -- Kolon Industries Inc., a South Korean industrial materials company, said Wednesday that it had succeeded in developing and commercializing post-consumer recycled (PCR) polyethylene terephthalate (PET) films, according to The Korea Bizwire.

Kolon Industries, in collaboration with major cosmetics and household goods maker LG Household & Health Care Ltd. and a packaging material firm Lotte Aluminum Co., has been engaged in the development of the nations first PCR PET films since the second half of last year.

Starting from this month, Kolon Industries will supply its newly-developed PCR PET films for some of the household items and food containers produced by LG Household & Health Care and Lotte Aluminum.

According to Kolon Industries, the annual demand for PET films is estimated to have exceeded 6 million tons but the share of PCR PET films remains low at less than 1%. However, as eco-friendly materials are increasingly popular along with the trend of reducing the use of plastics, demand for PCR PET films is soaring, mainly in areas with low technical barriers.

As MRC reported earlier, in April 2021, SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., and chemical and textile heavyweight Kolon Industries signed a strategic partnership on 7 April to produce biodegradable polybuthylene adipate-co-terephthalate (PBAT) plastic from the third quarter of this year.

According to MRC's ScanPlast report, Russia's estimated PET consumption grew to 263,660 tonnes in the first four months in 2021, up by 13% year on year. Bottle grade PET chips accounted for 78.3% of the increase in consumption due to the virtual absence of exports and higher imports. April estimated PET consumption was 80,150 tonnes, up by 34% year on year.
Author:Margaret Volkova
Tags:PET-granulate, recikling, packaging, Kolon Plastics, SK Corporation, ekstruziya plenok, Russia, South Korea.
Category:General News
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