South Korean chemicals group LG Chem plans to start production of bio-acrylic acid in the second quarter of this year. Initial production capacity will be 100 metric tons (MT) per year, with plans to expand as demand for environmentally friendly resources grows.
South Korean chemicals group LG Chem has secured a long-term cathode material supply contract with General Motors (GM), worth KRW 25 trillion (about $19 billion). LG Chem intends to use its US cathode plant in Tennessee as a production center for the global battery materials market.
LG Chem, South Korea’s top chemicals manufacturer, plans to spend ₩124.6 billion (€86.9 million) to increase its water treatment material output capacity, aiming to double the business over the next 5 years.
US renewable chemicals and advanced biofuels company Gevo has entered into a joint development agreement for its ethanol-to-olefins (ETO) technology with South Korean chemicals group LG Chem.
South Korea’s LG Chem is to acquire US biopharma Aveo Oncology for an equity value of $566 million. Based in Boston, Massachusetts, Aveo is focused on developing cancer treatments.
South Korean chemical giant LG Chem has announced plans to invest 2.6 trillion won – or $2.2 billion – in building 10 new plants for environmentally friendly materials by 2028. LG said the move is aimed at transforming its business structure toward high-value sustainability businesses.
