# SK Chemicals to acquire Shuye's chemically recycled PET business

In March 2023 SK Chemicals agreed a $100m asset transfer to acquire the chemically recycled BHET and PET business division of Chinese company Shuye.

- Type: Acquisition
- Announced: 2023-03-01
- Where: China
- Value: $100.0M
- Status: announced
- Products: chemically recycled PET, BHET
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SK Chemicals](https://endata.com/companies/11373.md) (acquirer)
- [Shuye](https://endata.com/companies/11374.md) (partner)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/packaging-industry-biggest-deals-2023/), 2023-12-21: "In March, SK Chemicals made waves with a $100m asset transfer agreement, acquiring the chemically recycled BHET and PET business division of Shuye."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.