LG Chem, CJ Logistics partner to recycle packaging wrap

South Korean companies LG Chem Ltd. and CJ Logistics have signed an memorandum of understanding on Thursday to establish a recycling ecosystem for packaging wrap at logistics centers.

CJ Logistics will collect the packaging wrap from logistics centers nationwide and deliver it to LG Chem for recycling into reusable wrap that will be supplied back to CJ Logistics. LG Chem plans to supply 1,000 rolls of reusable wrap this month and increase the supply volume by recycling additional packaging wrap.

Most packaging wraps are mainly made of polyethylene (PE) products and are used to secure items from shaking during transportation. Despite the annual generation of 800,000 tons of waste PE in Korea, only 40% of it is currently recycled.

LG Chem and CJ Logistics hope that their collaboration will help establish an effective way to collect and recycle packaging wrap from logistics centers.

Han Seok-hee, LG Chem's PO (Polyolefin) Sales Manager, said the agreement will contribute to building a plastic circular economy and carbon reduction for a sustainable future.

Write to Ik-Hwan Kim at lovepen@hankyung.com