Kumho Petrochemical has signed a memorandum of understanding (MoU) with SK geo centric and Tongsuh Petrochemical to establish a sustainable bio raw material (bio-monomer) supply chain within the Ulsan Industrial Complex in South Korea. Under the MoU, the parties agreed to cooperate in converting monomers from the existing raw material supply chain into bio-monomers. The bio-monomers are produced from bio-naphtha using environmentally-friendly raw materials such as canola oil and waste cooking oil. Tongsuh will supply bio-acrylonitrile using SK geo centric’s bio-propylene as raw material, and SK geo centric will supply bio-butadiene to Kumho, respectively. Through this partnership, Kumho aims to secure a bio-monomer supply chain and plans to expand its environmentally-friendly product portfolio at Ulsan by obtaining ISCC Plus certification for synthetic rubbers, as well as synthetic resins during 1H24.