LG Chem, Sinopec Agree to Jointly Develop Sodium-ion Battery Materials
Sinopec and LG Chem have signed a joint development agreement to develop cathode and anode materials for sodium-ion batteries collaboratively.
LG Chem
LG Chem Launches Production of Bio-Acrylic Acid
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.
LG Chem Inks Battery Material Supply Deal with GM
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 to Spend $95 Million on Water Treatment Business
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.
Gevo and LG Chem Partner on Bio-propylene
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.
LG Chem Boosts Oncology Offering with Aveo Buy
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.
LG Chem Plans Complex for Ecofriendly Materials
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.
