SEOUL, May 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it will build its first overseas water-desalination device plant in Saudi Arabia by 2026 under a joint project with a local company. LG Chem has partnered with Alkhorayef Group, a leading Saudi Arabian conglomerate specializing in water, energy and [...]
SEOUL, Mar. 21 (Korea Bizwire) – In a pioneering move towards sustainable cosmetics packaging, LG Chem, a leading South Korean chemical company, is set to unveil an innovative eco-friendly plastic material derived from captured carbon dioxide at the world’s largest beauty trade fair, Cosmoprof Bologna 2024, which kicks off on March 21 in Bologna, Italy. The [...]
SEOUL, Mar. 15 (Korea Bizwire) — Korea Zinc Co., South Korea’s leading nonferrous metal processing firm, said Friday it has partnered with LG Chem Ltd. for business opportunities in the U.S. used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United States [...]
SEOUL, Dec. 20 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday it has started the construction of a 1.8 trillion-won (US$1.4 billion) cathode plant in the United States to meet the rising demand for electric vehicles (EVs). LG Chem’s 60,000-ton-a-year cathode plant will start production in 2026 with an aim [...]
SEOUL, Dec. 15 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Friday it will initially inject 938.5 billion won (US$725 million) in its U.S. subsidiary in charge of building a local cathode plant. LG Chem plans to hold a groundbreaking ceremony next week for a 1.8 trillion-won cathode plant in Clarksville [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Chem announced on Thursday its intention to establish a plastic circulation system by producing eco-friendly plasticizer, a key ingredient in flooring materials, using discarded PET bottles from everyday life. A plasticizer is a vital additive that enhances the flexibility and elasticity of PVC, primarily used in the production of [...]
SEOUL, Oct. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it has opened a research and development center in the United States to develop new growth engines under a partnership with a local university. LG Chem’s North America Innovation Center, located in Georgia, will focus on developing technologies involving [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s major chemical companies are collaborating with cosmetics companies to accelerate the development and supply of eco-friendly cosmetics packaging. This transition is crucial for the cosmetics industry due to its short product replacement cycle, extensive use of plastics, and considerable waste production. LG Chem announced on Tuesday that it [...]
SEOUL, Oct. 13 (Korea Bizwire) — LG Chem Ltd. and GS Caltex Corp. plan to produce a prototype of a material for biodegradable plastics next year, as they step up cooperation for the development of the eco-friendly raw material, the companies said Friday. LG Chem and GS Caltex signed an agreement in 2021 to develop [...]
SEOUL, Sept. 24 (Korea Bizwire) –LG Chem Ltd., South Korea’s leading chemical company, said Sunday it has partnered with China’s Huayou Group to build four electric vehicle (EV) battery material plants in Morocco and Indonesia amid an acceleration in electrification. On Friday, LG Chem signed four separate initial pacts with Huayou Group to build [...]