HD Hyundai Chemical to produce eco-friendly bio-naphtha

South Korea's HD Hyundai Chemical Co. announced on Thursday that it will collaborate with CJ CheilJedang Corp. to produce eco-friendly bio-naphtha and plastic products based on it.

The two companies signed a business agreement to establish an eco-friendly bio-circular system at the HD Hyundai Chemical headquarters in Daesan, South Chungcheong Province.

Under the agreement, HD Hyundai Chemical will receive a stable supply of bio-raw materials such as soybean oil and waste cooking oil from CJ CheilJedang.

HD Hyundai Chemical will use bio-raw materials to produce bio-naphtha and supply the eco-friendly plastic produced from it back to CJ CheilJedang.

The eco-friendly plastic will be used in CJ CheilJedang's convenient home meal containers and packaging materials.

HD Hyundai Chemical plans to initially use 400 tons of bio-raw materials and produce a total of 12,000 tons of eco-friendly plastic products by the end of this year.

According to the company, it's the first time in South Korea that received International Sustainability and Carbon Certification (ISCC) throughout the entire process from the input of bio-raw materials to the production of bio-naphtha and products.

An HD Hyundai Chemical official said that it's the first time in Korea to receive International Sustainability and Carbon Certification (ISCC) throughout the entire process from the input of bio raw materials to the production of bio-naphtha and products.

ISCC certification is an international certification system that verifies environmental friendliness.

Write to Hyung-Kyu Kim at khk@hankyung.com