SK Chemicals acquires 10% stake in Chinese recycler Shuye

SK Chemicals acquired a 10% stake in Shuye, a Chinese plastic waste recycling firm, for 23 billion won ($20.2 million). The deal gives SK Chemicals exclusive rights to Shuye's recycled PETG raw materials in South Korea.

“The 23-billion-won ($20.2 million) deal will give SK Chemicals the exclusive rights on Shuye's recycled PETG raw materials and products in South Korean market.”koreaherald.com

• 1 source
• koreaherald.comSK Chemicals buys 10% stake in Chinese recycled plastic firm - The Korea HeraldKim Byung-wookMay 17, 2021

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