SK picglobal to supply INEOS Styrolution with renewable SM

SINGAPORE (ICIS)–South Korean producer SK picglobal has signed a deal to supply INEOS Styrolution with renewable styrene monomer (SM) from its plant in Ulsan.

Under the memorandum of understanding (MoU) signed between the two companies, SK picglobal will produce and supply renewable SM to INEOS Styrolution upon obtaining an International Sustainability and Carbon Certification (ISCC) PLUS certification, German-headquartered INEOS Styrolution said on 7 November.

SK picglobal is expected to get the certification within 2023, it said.

ISCC PLUS is a sustainability certification program for bio-based and recycled raw materials.

“This agreement is an extension to INEOS Styrolution’s efforts in creating a circular economy for both polystyrene (PS) and acrylonitrile butadiene styrene (ABS) in Asia,” INEOS Styrolution said.

INEOS Styrolution aims to achieve net zero emissions by 2050.

SK picglobal is a a joint venture between South Korea’s SKC and the Kuwaiti national petrochemical company Petrochemical Industries Co (PIC).