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SINGAPORE, Nov. 8, 2022 /PRNewswire/ SK picglobal, a market leader for propylene oxide and its derivatives including propylene glycol,and INEOS Styrolution, the global leader in styrenics, have signed a memorandum of understanding (MOU) yesterday giving INEOS Styrolution access to renewable styrene monomer ("SM") produced from SK picglobal's SM plant located in Ulsan, South Korea. 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. Under this MOU, SK picglobal will produce and supply renewable SM to INEOS Styrolution upon obtaining ISCC PLUS certification, estimated to be within 2023. INEOS Styrolution has committed to saving one million tonnes of CO2 emissions by 2030 and selling 500kt of ECO products in 2030; and achieving net zero emissions by 2050. "This agreement with SK picglobal is the right step to helping INEOS Styrolution achieve those

South koreaRepublic of koreaTaeho hwangTripleone somersetAsia pacificArndt kotyczkaPetrochemical industries companySenior communicationsPte ltdVice presidentGlobal styrene monomerRelations managerCommunications managerNov 8022 prnewswire sk picglobalA market leader for propylene oxide and its derivatives including glycol