# 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.

- Type: Acquisition
- Announced: 2021-05-17
- Where: China
- Value: $20.2M (23.0B KRW)
- Status: completed
- Products: recycled PETG raw materials
- 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) (target)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/2617454), 2021-05-17: "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."

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