SKC

● Biodegradable material investee Ecovance renamed SK leaveo ··· embodying the core value of its BM 

●​ Full-scale commercialization in high gear with ground broken to build the world’s largest production plant in Hai Phong, Vietnam in the first half of this year

SKC (CEO Woncheol Park)’s biodegradable material investee Ecovance has been renamed SK leaveo, going for full-scale commercialization.

SK leaveo held a board meeting on the 5th of April where the board members resolved to change the corporate name. The new name embodies the core value of their biodegradable material business model (BM); that their products will biodegrade naturally, leaving zero waste. SK leaveo also unveiled their new slogan, ‘We leave zero,’ in step with the new corporate name.

SK leaveo plans to break ground in Hai Phong, Vietnam in the first half of this year to build the world’s largest PBAT (Polybutylene Adipate Terephthalate) production plant capable of producing 70,000 tons a year. Hai Phong is Vietnam’s principal port city and key industrial hub, equipped with excellent logistics infrastructure. The city can also meet RE100 requirements by supplying all electricity demands with renewable energy, ensuring the eco-friendliness of the production process.

To expand the viable applications of PBAT, SKC uses nano-cellulose extracted from trees as a reinforcing agent to drastically increase its strength to a level comparable to conventional plastic. Accordingly, PBAT can be used for not only agricultural and packaging films and containers for various consumable products but also non-woven fabrics in personal hygiene products including diapers, sanitary pads and other filter products.

A production facility of SK TBMgeostone, SKC’s biodegradable LIMEX material investee, will be also hosted by Hai Phong. Biodegradable LIMEX is an innovative eco-friendly material made from natural inorganic limestone combined with biodegradable PBAT resin in lieu of conventional plastic. Synergy between Vietnam’s rich limestone reserve and SK leaveo’s PBAT technology is expected to result in superb quality and price competitiveness.

“The new name shows the significance and vision of our biodegradable material business more clearly,” said a SK leaveo official. “We will expand our eco-friendly business portfolio, producing high-value material solutions for a wide variety of applications.” [End]

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[People of SK leaveo, SKC’s biodegradable material investee, present the new CI and slogan.]

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[SK leaveo CI]