Korean chemical enterprises: We are willing to create a sustainable future with Chinese chemical enterprises

On November 17, at the 2022 China International Petrochemical Conference, petrochemical companies from South Korea said that Korean petrochemical enterprises are willing to work with Chinese petrochemical enterprises to practice green development, help beautiful China, and create a new future of sustainable development
.

In his speech at the plenary session, Xin Xuezhe, CEO of LG Chem, said that as a globally diversified company, LG Chem has built a balanced business portfolio covering three major areas
: petrochemicals, advanced materials and life sciences.
This year, the company upgraded its carbon neutrality target, pledging to "achieve carbon neutrality by 2030 and net-zero emissions by 2050"
.
The company is accelerating the green energy transition by using more low-carbon and environmentally friendly feedstocks and fuels, while also expanding the use of
hydrogen.
Xin Xuezhe said that LG Chem is transforming sustainable development into business advantages and new growth points for future business development, taking environmentally friendly materials, battery materials and global new drugs as three new growth engines, and is committed to becoming a world-leading technology company
.

Gao Minghuan, president of LG Chem Greater China, said that since 1992, LG Chem has been actively promoting investment in China, and currently has more than 10 factories in China, and more than one-third of the world's sales come from China
.
As the scale of the Chinese market continues to expand, LG Chem looks forward to creating new opportunities to build strong partnerships
with Chinese customers in sustainable business areas such as eco-friendly materials and low-carbon energy transition.

At the plenary meeting, SK Zhixin CEO Luo Gengxiu said in his keynote speech that in the face of the new era of environmental, social and corporate governance (ESG) pursuing carbon neutrality and green development, SK Zhixin is the main force in the green environmental protection field of SK Group of South Korea
.
Relying on the group's long-term deep heritage and strength, SK Zhixin has taken the lead in taking new steps to build a "plastic circular economy and green environmental protection industry ecosystem" and build itself into a world-class environmental protection new material enterprise
.
Luo Gengxiu introduced that SK Zhixin adheres to the beautiful vision of green lighting up a happy life, and at the same time, as a producer of plastic raw materials, hopes to shoulder its own responsibilities
.
To this end, SK Zhixin has proposed that by 2027, it will recycle and reuse the same amount of waste plastic according to the plastic production volume, increase the proportion of green environmental protection products in the chemical product structure, and achieve net zero emissions
by 2050.

For the Chinese market, SK Zhixin said that the company has always adhered to the pace of investing in China, and a number of transformation investment projects are steadily advancing
.
In 2021, the company introduced high-crystalline polypropylene technology into Sinopec, replacing the high-end products that relied on imports in the Chinese market, and obtained good economic and social benefits
.
In 2022, the company officially landed China's first ethylene acrylic acid copolymer (EAA) project in Lianyungang, Jiangsu Province, filling the market gap of domestic high-end green packaging new materials, and will become the first EAA production base
in Asia after the completion of the project.
Luo Gengxiu emphasized: "SK Zhixin has always attached importance to the global growth strategy centered on China, and through the continuous expansion of its high value-added business portfolio, it has accelerated the expansion of new businesses such as plastic recycling and recycling, built a more complete ecosystem of environmentally friendly materials, created corporate value, and contributed wisdom and strength
to carbon neutrality.
" ”