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LG Chem joins hands with grain and oil giants to produce bioplastics

 Last Update: 2021-09-30
 Source: Internet
 Author: User

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Recently, LG Chem and ADM signed a framework agreement (HOA) on the establishment of a joint venture company for the production of LA (lactic acid) and PLA (polylactic acid)
.

The two companies plan to sign a formal contract in the first quarter of next year and plan to build LA and PLA plants with an annual capacity of 75,000 tons in the United States by 2025

PLA is a representative biodegradable plastic.
It is made of 100% biological raw material, which is made of LA, which is refined and processed from glucose extracted from corn after fermentation
.

It is mainly used for food packaging containers, tableware, etc.

After the establishment of the joint venture, LG Chem integrated renewable biomaterials into its high value-added product system to ensure the commercialization and large-scale production capacity of high-purity lactic acid, and obtain a stable supply of PLA raw materials
.

LG Chem plans to fully expand the bioplastics market based on PLA production

It is reported that, as a global grain and oil giant, ADM has companies in more than 200 countries around the world
.

It has obvious advantages in the production capacity of the most important raw material "glucose" in the field of biochemistry and raw material fermentation technology .

Xin Xuezhe, CEO of LG Chem, said: "The establishment of a joint venture factory with ADM has opened a new journey, leading the transformation of the business structure to environmental and social sustainability
.

As a leading sustainable company, we will actively explore more and promote carbon neutrality.

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