SK geo centric

What SK geo centric does

SK geo centric Co., Ltd. is a South Korean petrochemical and chemical materials company and a wholly-owned subsidiary of SK Group, headquartered in Jongno Tower, Seoul. Founded as a separate entity in 2011 with origins tracing to a 1962 predecessor, the company operates across six core product categories: olefins (feedstock for synthetic resins), aromatics (feedstock for synthetic fibers and resins), performance chemicals (solvents, extraction, and foaming applications), polymers (for automotive, electronics, and consumer goods), EPDM rubber (for automotive, electrical, and construction components), and CYCLUS recycled plastics under its circular economy brand. The company generated ₩13.1935 trillion (approximately $9.8 billion USD) in 2024 revenue with 1,308 employees as of 2024.

The company serves a diversified B2B customer base across chemical manufacturing, automotive, electrical and electronics, construction, agriculture, healthcare, food and beverage, adhesives, paints, and coatings industries. Its go-to-market combines direct enterprise sales with the proprietary SKgeopla.net B2B digital commerce platform that supports product discovery, inquiry submission, and ordering across all product categories. Revenue is generated primarily through negotiated B2B product sales (one-time/contractual procurement typical of the petrochemical industry) with pricing not publicly disclosed.

SK geo centric's strategic focus is on the circular economy transition, anchored by the CYCLUS brand and a plastic recycling cluster under construction in Ulsan targeting 250,000 tons of annual processing capacity by 2025. The company secured ₩475 billion (~$359 million) in November 2022 — South Korea's first sustainability-linked loan certified by Det Norske Veritas (DNV) — funded by five global banks (BNP Paribas, MUFG, Crédit Agricole, Agricultural Bank of China, Bank of China) with terms tied to recycling capacity and GHG reduction targets. In February 2026, the company joined Sony Corporation and Mitsubishi Corporation-led 14-company renewable plastics supply chain spanning five countries/regions.

Name

SK geo centric

Legal name

SK geo centric Co., Ltd.

Website

https://eng.skgeocentric.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SK geo centric is a South Korean petrochemical and chemical materials company, a wholly-owned subsidiary of SK Group, that produces olefins, aromatics, performance chemicals, polymers, EPDM rubber, and CYCLUS recycled plastics for B2B customers across automotive, electronics, construction, healthcare, and consumer goods industries.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (325110), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860)

akta.pro primary industry

Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG)

akta.pro secondary industries

Recycled Plastic Compounds (PCR/PIR) (IMANABAE), Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA)

Keywords

• Petrochemical products
• Chemical materials supply
• Recycled plastics manufacturing
• Polymer olefin production
• EPDM synthetic rubber

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Petrochemical and Chemical Product Sales: SK geo centric generates the majority of its revenue from the sale of petrochemical products including olefins, aromatics, performance chemicals, polymers, EPDM rubber, and recycled plastics under the CYCLUS brand. These are sold B2B to manufacturers across chemical manufacturing, automotive, electronics, construction, agriculture, healthcare, food & beverage, and other industrial sectors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

SK geo centric manufactures and sells petrochemical and chemical materials — olefins, aromatics, performance chemicals, polymers, and EPDM rubber — to industrial manufacturers across automotive, electronics, construction, healthcare, and consumer goods sectors. The company also offers the CYCLUS brand of recycled plastics as part of its circular economy strategy, supported by a plastic recycling cluster under construction in Ulsan. Sales are conducted B2B through direct enterprise engagement and the SKgeopla.net digital platform.

Product overview

SK geo centric operates as a petrochemical and chemical materials company offering a diversified portfolio of six core product categories: Olefins, Aromatics, Performance Chemicals, Polymers, Rubber (EPDM), and the sustainability-focused CYCLUS brand. The company also provides an integrated digital platform (SKgeopla.net) for product search, inquiries, and ordering. The product portfolio spans the entire petrochemical value chain, serving industries including automotive, construction, agriculture, industrial goods, electrical and electronics, textiles, healthcare, food and beverage, adhesives, paints, and coatings. CYCLUS represents SK geo centric's dedicated circular economy and sustainability initiative, while SKgeopla.net serves as the digital commerce channel connecting customers with the product portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• CYCLUS: SK geo centric's earth-centered product brand for sustainable/circular economy products

Products and services

• Olefins Olefin products serve as raw materials for plastics, fibers, rubber, and other industrial goods across the petrochemical value chain, sold to industrial manufacturers.
• Aromatics Aromatic compounds used as raw materials for synthetic fibers (nylon, polyester) and synthetic resins (PS, ABS, PET), with some utilized as solvent product ingredients. Sold B2B to manufacturers in textile and plastics industries.
• Performance Chemicals Performance chemicals supply functional products required in petroleum and chemical industry processes, including dissolution, extraction, and foaming applications. Sold to industrial chemical manufacturers.
• Polymers Polymer products utilized across automotive, communications, electronics, and consumer goods applications including stationery, toothpaste tubes, and storage containers. Sold B2B to manufacturers in these sectors.
• Rubber (EPDM) EPDM (Ethylene Propylene Diene Monomer) high-performance synthetic rubber applied in automotive parts, electrical components, windows, and cables. Sold B2B to automotive and electrical manufacturers.
• CYCLUS CYCLUS is SK geo centric's earth-centered product family focused on sustainable and circular economy solutions, including recycled plastics. Sold B2B to manufacturers seeking to meet ESG commitments and recycled-content regulatory mandates.

Quantifiable outcome

• Target of 250,000 tons/year plastic recycling capacity at Ulsan by 2025
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Sony Corporation and Mitsubishi Corporation (Lead Partners) + 12 Other CompaniescoreStrategic or Co-development Partner · 1 February 2026Sony Corporation and Mitsubishi Corporation jointly established the world's first global supply chain for renewable plastics with 14 companies across five countries/regions. The supply chain uses a mass balance approach to produce renewable plastics from biomass-derived feedstocks for use in Sony's high-performance audio-visual products. SK geo centric participates as a materials supplier, contributing to the circular economy and renewable plastics ecosystem. The initiative is part of the 'Creating NEW from reNEWable materials' project, aiming for zero usage of virgin fossil-based plastics in Sony products. SK geo centric's participation in this supply chain aligns with its CYCLUS circular economy strategy and sustainability commitments.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Dow Inc. US-based global chemical major with leading positions in ethylene, polyethylene, polyurethanes, and performance chemicals. Dow competes with SK geo centric in Asian and global polyolefin markets and has significant recycled plastics (REVOLOOP) and circular economy investments.
• LyondellBasell: Global polyolefin and polymers leader with substantial ethylene, polyethylene, and polypropylene capacity. LyondellBasell is one of the world's largest polyolefin producers and a benchmark competitor in the recycled plastics (Circulen) and circular economy space relevant to SK geo centric's CYCLUS initiative.
• SABIC: Saudi Arabia-headquartered global petrochemical major producing olefins, aromatics, polymers, and performance chemicals. SABIC competes with SK geo centric in Asian polyolefin markets and has its own TRUCIRCLE recycled/bio-based portfolio, making it a direct competitor in both legacy and circular chemistries.
• BASF: World's largest chemical company with broad petrochemicals, intermediates, and performance chemicals portfolios. BASF competes with SK geo centric in aromatics, performance chemicals, and increasingly in circular feedstocks and biopolymers relevant to the CYCLUS strategy.
• INEOS: Global petrochemical producer with leading positions in olefins, polyolefins, and chlor-vinyls. INEOS competes with SK geo centric in Asian ethylene/polyethylene markets and is pursuing chemical recycling and circular polymer initiatives that overlap with the CYCLUS platform.

Emerging players

• Braskem: Latin America's largest petrochemical producer and a global leader in bio-based polyethylene (I'm green™) made from sugarcane ethanol. Braskem's renewable plastics leadership makes it a strategically relevant peer to SK geo centric's CYCLUS and renewable plastics positioning with Sony/Mitsubishi.

Direct peers

• Lotte Chemical: Major Korean petrochemical producer of olefins, polymers (PE, PP), and basic chemicals. Lotte Chemical competes directly with SK geo centric in the Korean petrochemical market and across Asian polyolefin export channels.
• LG Chem: South Korea's largest chemical company and the most direct domestic peer. LG Chem operates across petrochemicals (olefins, aromatics), advanced materials, and battery materials, mirroring SK geo centric's core polymer/petrochemical portfolio while also competing in adjacent sustainability and battery verticals.
• Hanwha Solutions: Korean chemical/materials conglomerate producing polyethylene, PVC, and advanced materials. Overlaps with SK geo centric in polyolefins and is increasingly investing in recycled and sustainable plastics, making it a close domestic competitive peer.

Regional players

• Formosa Plastics Corporation: Taiwan-based petrochemical major producing olefins, polyolefins (PE, PP), PVC, and other bulk chemicals. Formosa Plastics is a major Asian competitor to SK geo centric in polyolefin markets and shares exposure to Asian export trade flows and cyclical Asian petrochemical dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/skgeocentric
• Instagraminstagram.com/skgeocentric

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SK geo centric