Under a memorandum of understanding signed on November 24, Aekyung Chemical said it would develop various reactant manufacturing processes and high-purity refining and utilization technologies, based on vegetable oil. The Korea Research Institute of Bioscience and Biotechnology (KRIBB) will develop a raw catalyst-based material production process and lead an environmental risk assessment.
Aekyung Chemical said it would expand its bioplastic business through joint research with KRIBB. The accumulation of plastic waste has become a serious global problem. The bio Industry creates added value based on biotechnology by combining industrial technologies. White bio refers to replacing materials from the chemicals industry with renewables such as plants, microorganisms, and enzymes.
The global demand for bioplastics is growing as governments and franchise companies shun polyester products such as plastic bags, plastic straws and disposable cups to protect the environment. Industry experts suggest the market's demand and distribution networks for biodegradable bioplastics must be established before commercialization kicks into full gear in order to popularize degradable bioplastics.
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