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Commitment for the Earth, RE:GEN NEXT CHEMISTRY
Commitment for the Earth, RE:GEN NEXT CHEMISTRY Hyosung operates the ESG brand RE:GEN while realizing the core values of recycling, upcycling, zero waste, new energy, and conservation practices, and aiming for genuine and practical ESG management. Through RE:GEN, Hyosung aims to ensure a sustainable future based on eco-friendly and innovative technology by practicing circular economy, carbon neutrality, new energy, and resource-saving. In line with Hyosung's aspiration to be a life innovator for the happiness and sustainable future of all generations under RE:GEN, each affiliate has applies different ESG brand themes under five brands: RE:GEN ECO LIFESTYLE (Hyosung TNC), RE:GEN SMART IT (Hyosung TNS), RE:GEN FUTURE MATERIALS (Hyosung Advanced Materials), RE:GEN NEW ENERGY (Hyosung Heavy Industries), and RE:GEN NEXT CHEMISTRY (Hyosung Chemical). NEXT CHEMISTRY will be the topic of our discussion today.Hyosung Chemical has offered unparalleled convenience to humanity while presenting potentiality on whole new level. We have therefore entered a new era, reaping the benefits of industrial progress and envisioning greater futures. Despite the convenience, we have faced the consequences of inevitable byproducts such as CO2 emissions and unknown risks. We are now facing climate crisis where we can neither abandon the chemical materials vital to our lives nor postpone environmental concerns. Hyosung Chemical aims to manifest a chemistry that safeguards the convenient existence of humanity and fosters boundless possibilities, as well as embrace new cycles to alleviate threats to humanity and the environment in this era of pressing need to forge chemical materials that serve as life's essential underpinnings. Hyosung Chemical is dedicated to building THE NEXT CHEMISTRY, a discipline meticulously engineered for the well-being of every generation, using safer practices. From Convenience Chemistry to Sustainable Chemistry (Make a Team)Hyosung Chemical's products have seamlessly integrated into everyday routines and the wider industry. Chemical advances have brought convenience and boundless opportunities but have also created challenges, such as CO2 emissions and microplastics. Hyosung Chemical is dedicated to minimizing the environmental impact of chemical production and actively develops eco-friendly technologies. Since chemicals are an essential part of our lives and industries, Hyosung Chemical prioritizes eco-friendly technologies for addressing the inevitable by-products of their production. Hyosung Chemical is actively driving technology development, research, and production to establish resource circulation practices with a strong environmental focus. This includes the production of eco-friendly plastic polymers called polyketones, creating a hydrogen ecosystem, developing membrane water treatment systems, and implementing PCR (post-consumer recycled) technology product manufacturing. Every new product introduced by Hyosung Chemical prioritizes resource circulation and carbon emission reduction, such as creating innovative materials that reduce carbon emissions and technologies that convert carbon into hydrogen as a by-product. These endeavors aim to minimize carbon emissions throughout production processes, manufacturing, and product lifespan while considering environmental impacts holistically. Hyosung Chemical is committed to transforming the chemistry landscape from one centered around convenience to sustainable chemistry, infusing eco-friendliness into its technology, and making steadfast investments in research and development to lead THE NEXT CHEMISTRY. THE NEXT CHEMISTRY, Hyosung Chemical (Reduce the Carbon)Taking responsibility for the harmful substances generated by petrochemical petroleum-based chemical technologies that have enhanced our lives but caused environmental problems, Hyosung Chemical develops eco-friendly products, establishes sustainable production processes, and encourages a resource-virtuous cycle to minimize harm and deal with environmental issues. These efforts led Hyosung Chemical to independently develop polyketone as an environmentally friendly engineering plastic in 2013. Due to the climate crisis, polyketone is highly valued in the eco-friendly market because it emits less CO2 emissions during production compared to other materials and exhibits outstanding properties that enhance energy efficiency during manufacturing. Polyketone exhibits exceptional impact resistance, chemical resistance, and abrasion resistance. The U.S. Food and Drug Administration (FDA) and numerous domestic and international certification bodies have certified it as a human-safe material, which makes it suitable for use in tableware, children's toys, and medical components. As part of its strategy to reduce carbon emissions and expand applications, Hyosung Chemical plans to increase polyketone production.Hyosung Chemical's forward-looking eco-friendly technology encompasses PCR PP, a product born from the PCR (Post-Consumer Recycled) technology. PCR PP is a material created through the recycling of plastic that has been used and discarded by end consumers. Currently, Hyosung Chemical's PCR PP has undergone development and is on the verge of commercialization. The Jamsil Sports Complex has recently decided to replace disposable containers with PCR PP containers. The European Union requires recycling at least 50% of plastic packaging waste. As a result, the PCR market is expected to grow at an average annual rate of approximately 6%. As Hyosung Chemical continues to invest in PCR technology and product development, it fosters a virtuous cycle that repurposes already manufactured, used, and discarded plastics, thus preventing the pollution of the environment caused by discarded resources.Hyosung Chemical is actively pursuing a paradigm shift from chemistry that focuses solely on creating new substances to chemistry that safeguards the Earth, take steps to mitigate harmful elements, and comes up with innovative solutions to protect the environment. With a focus on material innovation and expanding the range of PCR products, Hyosung Chemical embraces the conviction that shifting from the chemistry we produce to the chemistry that shields us represents THE NEXT CHEMISTRY for the forthcoming generation. Committed to this vision, we dedicate ourselves to crafting chemistry that serves the environment and safeguards our collective well-being. Carrying out Our Mission! Hyosung Chemical strive to proactively eliminate future threats that affect all generations while simultaneously reducing the harmful elements associated with the convenience of chemistry. In response to the climate crisis and emerging threats that we are facing, we are developing the possibilities of a new generation of chemistry safely and sustainably. As an integral part of Hyosung's hydrogen value chain, dedicated to reducing carbon emissions in the face of climate change, Hyosung Chemical plays a crucial role in the production of liquid hydrogen that serves as a key role for creating a hydrogen ecosystem. Hyosung Chemical uses by-product hydrogen generated during polypropylene production, a vital plastic raw material, to supply liquid hydrogen Hyosung Chemical will expand its by-product hydrogen production capacity to 12,000 tons annually with the imminent completion of its world's largest liquid hydrogen plant A joint venture between Hyosung Heavy Industries and Linde Group will supply the liquid hydrogen produced at the plant to hydrogen fueling stations to speed up the commercialization of hydrogen-powered vehicles.Hyosung Chemical has achieved notable success in developing and commercializing membrane water treatment system technology, offering a solution to address the climate crisis and combat food and water shortages. The climate crisis, often called climate change, profoundly impacts our lives and the global environment, evident in the rise of extreme weather events like recurring droughts and heavy rainfall. Hyosung Chemical has introduced membrane water treatment system technology to tackle this challenge. The term "membrane" refers to a thin, flexible sheet of material that acts as a barrier or lining. In water treatment systems, membranes selectively allow desired substances to pass through while effectively filtering out other substances. These water treatment systems utilize hollow fibers equipped with filtration holes as small as 0.03 microns for the filtration process. By implementing of the membrane water treatment system, the hollow fiber separator can achieve over 99.99% removal of turbid contaminants, coliforms, and pathogenic protozoa, significantly contributing to the provision of safe drinking water. Furthermore, since 2013, we have begun developing immersion water treatment technology, employing a precision filtration membrane in highly contaminated water for efficient filtration. In 2013, we began developing submerged water treatment technology, a method of filtering highly contaminated water by submerging a microfiltration membrane in it, and have since obtained certifications for new membrane environmental technologies such as pressurized membrane filtration, water treatment technology and a two-stage submerged water treatment system. Hyosung Chemical is preparing to respond to the climate crisis in various ways and is striving to fulfill its social responsibility by researching and developing eco-friendly technologies. Think Always Better, Hyosung ChemicalAt Hyosung Chemical, we are aware that the environment suffers the most from our production activities. Recognizing the indispensable role of chemistry in enhancing human life and unlocking boundless possibilities, we believe that a more promising future lies ahead by reducing and absorbing carbon emissions. We also focus on collecting more plastics to promote resource circulation and develop sustainable, environmentally friendly raw materials and chemical materials. Hyosung Chemical's commitment to creating sustainable chemistry, reshaping paradigms for a brighter future across all generations, and developing environmentally conscious technologies has resulted in the acquisition of multiple eco-friendly certifications.The membrane water treatment system, previously introduced, has obtained the Membrane Environmental Technology certification. Furthermore, Hyosung Chemical's industrial film and optical film products have been certified under the Recycled Claim Standard (RCS), while polyketone has received certifications as green technology and green technology products. Hyosung Chemical has implemented an Environmental Management System (EMS) across all plants, enabling systematic identification, evaluation, management, and improvement of environmental aspects by adopting ISO14001, ensuring effective environmental risk management. The company's dedication to environmental excellence extends beyond technological accomplishments. Yongyeon Plant and Plant 2 have been honored with the top prize in the corporate category at the 15th TPM World Congress, the top prize at the 2nd Korea Industrial Facilities Management Technology Competition, and the esteemed Minister of Knowledge Economy Award. In 2008, Plant 1 was recognized as an environmentally friendly company, while Plant 2 was selected as a contributor to green technology in the Ecological Industrial Complex in 2009. These accolades demonstrate Hyosung Chemical's genuine commitment to environmental concerns, as it receives green certifications for its technology and company. Thanks to chemistry, we have made significant progress in our daily routines and the industrial sector, which has undoubtedly enriched and made our lives easier. Our daily lives are enriched by Hyosung Chemical's products. However, we cannot ignore the damage that chemical production causes to the environment. Hyosung Chemical is actively developing eco-friendly technologies and promoting environmentally conscious practices as a chemical company to mitigate this impact. Hyosung Chemical is committed to developing eco-friendly technologies to establish a virtuous cycle of resources, reduce carbon emissions, promote a sustainable planet, and combat climate change. We are actively exploring more sustainable and safer approaches to create new materials, utilizing the advancements in fine chemistry technology because chemistry is essential to human life. As part of our initiatives, we are developing eco-friendly materials like polyketones, the producing PCR PP and PCR PET FILM, and establishing a hydrogen ecosystem. Hyosung Chemical's ESG activities cater to the needs of all generations through these endeavors. Our ultimate goal is to sustainably promote circular chemistry, cultivating a healthier Earth while protecting and expanding the possibilities by applying safe technology. This vision represents THE NEXT CHEMISTRY that Hyosung Chemical firmly believes in.Reply to Every Generation's Future, RE:GEN NEXT CHEMISTRY
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