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LG Chem invests heavily in environmentally friendly polymers

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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Recently, LG Chem, which has just completed the spin-off and financing of its battery business, made another major investment
.

LG Chem said that the company will invest 2.

Xin Xuezhe, CEO of LG Chem, said at the signing ceremony of the memorandum of understanding with local officials: "This investment is part of the company's sustainable growth strategy and a signal for us to announce the full development of the environmentally friendly materials business
.

" He said that by 2024 In 2009, Dashan plant will add 50,000 tons of PBAT capacity per year, and the capacity of POE devices will be 100,000 tons per year, which will increase sales for LG Chem at over 470 billion won per year

LG Chem announced in July 2020 that it plans to achieve carbon neutrality by 2050
.

The company also said earlier that it plans to establish a circular economy system to recycle products and waste discharged from its business bases

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