# SK chemicals acquires Shuye's recycled BHET and PET business for $98.4 million

SK chemicals has signed an asset transfer agreement to acquire the chemically recycled BHET and PET business division of Chinese company Shuye for approximately $98.4 million. The acquisition includes a depolymerization plant and CR-PET production facility.

- Type: Acquisition
- Announced: 2023-04-19
- Where: China
- Value: $98.4M
- Status: announced
- Products: chemically recycled BHET, chemically recycled PET
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [adsalecprj.com](https://www.adsalecprj.com/en/news/article_details/61034.html), 2023-04-19: "SK chemicals announces that it held a board of directors meeting and signed an asset transfer agreement related to the chemically recycled BHET and chemically recycled 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.