The partnership is intended to source advanced recycled material primarily in the Asia Pacific region beginning in 2025 to expand Amcor’s global reach into key markets in Asia Pacific and beyond
Amcor and SK Geo Centric sign recycled content supply deal. (Credit: Amcor plc)
Amcor has signed a memorandum of understanding (MoU) with South Korea-based petrochemical company SK Geo Centric (SK) for the supply of recycled content.
The partnership is intended to source advanced recycled material primarily in the Asia Pacific region beginning in 2025.
Through the MoU with SK, Amcor will be able to expand its global reach into key markets in Asia Pacific and beyond.
It will enable the responsible packaging solutions provider to offer food and healthcare customers access to packaging solutions with recycled content.
This builds on Amcor’s recent investment in Licella in Australia and its current global access to advanced recycled material through ExxonMobil.
When taken as a whole, these alliances will assist the packaging solutions provider in reaching its goal of having 30% recycled content in all its products by 2030.
Amcor Flexibles Asia Pacific president Mike Cash said: “Our ability to deliver more sustainable packaging solutions containing recycled material is increasingly important to customers in all consumer categories.
“These partnerships will help enable Amcor to unlock opportunities for food and healthcare customers to leverage recycled content in their packaging and will also foster a circular economy by significantly reducing the need for virgin plastic.”
SK converts end-of-life plastic trash that would otherwise be disposed of in a landfill into pyrolysis oil using its proprietary post-processing technology.
After that, this can take the place of crude oil as a feedstock for petrochemical operations, which will then produce polyethylene to create new, sustainable packaging materials for customers, the responsible packaging solutions provider added.
SK Geo Centric CEO Na Kyung-soo said: “We are committed to contributing to a circular economy by expanding the supply chain where pyrolysis oil, produced from end-of-life plastic, can provide recycled content in consumer packaging.
“Providing Amcor with access to that material is an important step forward.”