EDC Plant in Australia
LG Chem will build EDC manufacturing plant with capacity of
300,000 MT in Gladstone, Australia by 2005 through
cooperation with Cheetham Salt Ltd. of Australia and others.
We chose Australia since it has
easy access to low-cost electricity and salts, and a large
market for caustic soda, its byproducts.
Production status of PVC
Divestiture of Epoxy
Based on the company
strategy to focus on selective core business areas, and the
company’s restructuring efforts, the epoxy
business was decided to be sold to Bakelite, a German
Background of the sale and
Epoxy business is recognized
as a non-core business for the long-term business strategy,
with limitations in gaining competitive edge due to increased
competition and excess supply.
Bakelite is the world’s
first developer of Phenol, specializing in thermo setting
resin. Recently, Bakelite is making aggressive entry into the
Asian region in areas such as EP compound and Epoxy resin.
Mar 17, 2014 Bloomberg
LG Chem to Acquire U.S. Desalination Membrane
NanoH2O Inc., a manufacturer of reverse-osmosis
membranes 逆浸透（RO）膜 that purify seawater to
drinking quality while lowering the cost of desalination, is being purchased by
Seoul-based LG Chem Ltd. for $200 million.
The Southern California startup, established in 2005 from research that stemmed
from the University of California at Los Angeles, makes water potable from
fresh, brackish and saltwater sources. The acquisition is expected to close next
month, LG Chem said in a filing to the Korea Exchange on March 14.
The purchase takes place amid record drought from California to southeast Asia
and rising water-scarcity issues. NanoH2O, whose nanocomposite and polymer
technologies improve energy-efficiency and power costs in water production, has
been backed by investors including Khosla Ventures, Oak
Investment Partners, BASF Venture Capital GmbH, Total Energy Ventures
International and the China-focused fund Keytone Ventures.
NanoH2O agreed in 2013 to build a plant on the Yangtze River delta at Liyang,
China, that’s due to be completed later this year. With the second-largest
economy, China is one of the biggest desalination markets in the world.
LG Chem’s board of directors approved buying NanoH2O to boost its
water-treatment filter business, according to the March 14 statement. The Korea
Economic Daily and Yonhap News Agency earlier reported the deal.
Inc., manufacturer of the most efficient and cost-effective reverse osmosis
(RO) membranes for seawater desalination, today announced plans to build a
manufacturing facility in Liyang 栗陽, China, a
city in the Yangtze River Delta 250 kilometers west of Shanghai. The 10,000
square meter facility will be the company’s second fully integrated
manufacturing plant, following the first located in Los Angeles, California.
The China facility comes at a total investment of $45 million and is
expected to be operational by the end of 2014.
4, 2013 サウジで海水淡水化 2件受注
NanoH2O, Inc., manufacturer of the most efficient and cost
effective reverse osmosis (RO) membranes for seawater desalination, has been
selected for two large projects in the Kingdom of
Saudi Arabia. The first project, awarded by Al Fatah Water and Power
International, is for phase II of the Jubail desalination plant in which
QuantumFlux membranes will produce 13,000 cubic meters of water per day. The
second project, a desalination plant to be designed by AES Arabia at the
King Abdullah University of Science and Technology (“KAUST”) Research Park,
will produce 15,000 cubic meters of water per day. Both installations are
scheduled for 2014.
「LG-Hitachi Water Solutions」が発足
Solutions Co., Ltd.(本社：韓国ソウル市)が2012年2月1日に発足することをお知らせします。
Renault inks MOU with LG Chem to jointly
develop future EV batteries
Renault S.A., the world's largest
manufacturer of electric vehicles (EV), said Wednesday that it has signed an
agreement with LG Chem to jointly develop high density batteries that will
power its next-generation zero emission cars.
The French automaker, which controls
Renault-Nissan Alliance and South Korea's
Renault Samsung Motors Co., said the agreement lays the foundation
for its next-generation EVs to be powered by lithium ion batteries made by
LG Chem, already an established leader in the vehicle power storage sector.
The batteries will give cars longer endurance and reduce range concerns that
have restricted growth of the global EV market.
Renault currently markets the Twizy, Zoe,
Fluence Z.E. and Kangoo Van Z.E. electric cars. Counting Nissan's Leaf, the
world's fourth-largest automotive alliance had sold 100,000 EV as of July
2013. In South Korea, Renault Samsung sells the SM3 Z.E. that is based on
Thierry Bollore, the carmaker's chief
competitive officer who signed the agreement for Renault in Seoul, outlined
the company's commitment to making battery packs that can power zero
emission cars. The executive confirmed the company's desire to contribute to
the growth of South Korea's car industry through Renault Samsung.
LG Chem said the latest
tie-up with Renault will speed up demand for EVs and make them more
Renault, the world's top
producer of electric vehicles (EVs), has agreed with Korea's LG Chem to
use LG-developed batteries for its next-generation EVs, LG Chem said
"LG Chem will jointly collaborate with Renault Group for the development
of next-generation rechargeable batteries to be used in Renault's new
and premium EVs, which will be coming out a few years later," said LG
Chem spokesman C.S. Song.
Song said that Renault's upcoming EVs will adopt LG-patented
high-density and energy-efficient lithium-ion batteries.
The spokesman declined to unveil additional details such as the
guaranteed battery volume LG promised to the French car manufacturer.
Under the agreement, Renault technicians will be coming to LG's
battery-manufacturing factory in the local provincial city of Ochang,
south of Seoul.
"Two or three more years will be needed to report visible results," the
LG Chem President Kwon Young-soo said the agreement will help the firm
stay ahead of its rivals in the heated race for EV batteries.
Kwon said LG Chem will further strengthen its strategic business
partnership with Renault.
Renault is one of the most-trusted of LG Chem's battery partners.
While Renault has a battery-making division ― AESC, a joint venture
between Nissan and NEC ― the French automaker has been consistent in
using LG-developed batteries over the last few years.
Automotive Energy Supply Corporation
LG Chem has been supplying its batteries to Renault's three EV models ―
Twizy, Zoe and SM3 Z.E.
ルノーとフランス原子力庁は、電気自動車（EV）用次世代電池の量産開発でLG Chemと提携すると発表した。LG Chemは、このEV用次世代電池の工場をフランス国内に建設するとともに、同工場で2015年末からEV用電池の現行品の量産を開始する。ルノーが
Z.E.」とセダン「Fluence Z.E.」向けはAESCが、2人乗りの超小型車「Twizy」向けはLG Chemが供給している。
May 23, 2014
First ABS plant in South China on stream
South China, which houses a significant
share of China’s plastic manufacturing, has never had local ABS production,
CNOOC & LG Chem Petrochemicals Co. Ltd., a
50/50 joint venture between China’s state-owned CNOOC and Seoul-based LG
Chem, has commenced production on its 150,000-ton
phase one project in the spring of 2014, the company told Plastics News.
The company is “actively preparing for”
the second phase, which has been approved by the provincial government and
double the plant’s capacity to 300,000 tons upon
The plant is located in the
Daya Bay Petrochemical Industrial District in Huizhou,
Guangdong province, neighboring CSPS (a JV between CNOOC and Shell)
and the Huizhou Refinery and Ethylene project.
It conveniently sources feedstock “across
the wall” from its neighbors, the company said in a statement.
Given the oversaturation of China’s
standard ABS market, this plant is focused on
specialty grades and high-end standard grades, serving processors in
South and East China. The company said it is supplying materials to
appliances giants as well as makers of consumer products and toys.
The total investment of the plant comes
to 2.5 billion yuan ($400.8 million).
The project was initiated in 2008, when
the two companies signed a framework agreement.
Sep 12, 2016
LG Chem to buy LG Life Sciences for nearly $1
South Korean chemicals and battery maker LG Chem on Monday said it plans to
acquire pharmaceutical affiliate LG Life Sciences
for about 1.1 trillion won ($989.56 million) to make its
bio business a new growth engine.
LG Life Sciences investors will receive about 0.26 of a common share in LG Chem
for each share they own and about 0.25 of a preferred share in LG Chem, the two
companies said in a regulatory filing.
Pension Service of Korea
Investors Korea Ltd.
LG Chem said it would complete a merger by
In January, LG Chem agreed to buy seeds, pesticides and fertilisers maker
Dongbu Farm Hannong for 515.2 billion won.
The company said it would achieve a sales of 5 trillion won from its bio
business by 2025.
"LG Group seems to be
seeking next-generation growth engines through the merger," said an analyst.
LG Life Sciences was
spun off from LG Chem in 2002 but failed to
make a major breakthrough in the country's pharmaceutical industry ― its
sales amounted to 450.5 billion won last year, less than half of market
leader Hanmi Pharmaceutical's 1.32 trillion won.
In August 2002, LG
Life Sciences was upgraded from a business division to a full-fledged LG
affiliate in order to grow as a life sciences specialist and maximize
LG Life Sciences began research in
genetic engineering in 1981 and has invested steadily in the life sciences
ever since. This effort has already resulted in world-class technology and
product capabilities. The company has focused R&D resources and know-how on
three areas-pharmaceuticals, animal health and specialty chemicals.
LG Life Sciences has developed and
commercialized an array of pharmaceuticals over the years. These include
interferon in 1989 (Intermax-gamma) and 1992 (Intermax-alpha),
hepatitis B vaccine in 1992 (EUVAX B™),
human growth hormone in 1993 (EUTROPIN™),
degenerative arthritis treatment in 2005 (HYRUAN
Plus™), rhFSH (recombinant human follicle stimulating hormone) in 2006 (Follitrope™),
and SR-hGH (Sustained Release-human Growth Hormone) in 2007 (Declage™). A
company milestone was reached in 2003, when its next-generation quinolone
antibiotic (FACTIVE®) was approved by the FDA in the United
LG Life Sciences has succeeded in
animal health products including the 1994
commercialization of recombinant bovine somatotropin (BST, product name
BOOSTIN®). The product, which is used to increase milk production
in lactating dairy cows, has achieved the top share in numerous national
markets. In 2006, LG Life Sciences has also launched a bovine mastitis
vaccine (MastaVac) that reduces the number of somatic cells, relieving
clinical symptoms in a cow that has been infected with mastitis.
As for specialty chemicals, LG Life
Sciences completed in-house development of Korea's first new
herbicide (PYANCOR®) for rice in
1997 and fungicide (GUARDIAN®) for
use in horticulture in 1999. A new herbicide (FLUXO®) for both
pre- and post-emergence rice was completed in 2004.
December 26, 2017
LG Chem plans $279 million expansion of
SAP, acrylic acid capacities
LG Chem will invest
a total of 300 billion won ($278.6 million) to expand its petrochemical
facilities in Yeosu, South Jeolla Province, the company said Tuesday.
With the investment, the company plans to increase the annual production
capacities of crude acrylic acid and super absorbent
polymer by 180,000 tons and 100,000 tons, respectively.
When the expansion
is completed by 2019, the chemical giant’s production capacity of
CAA will increase to 700,000 tonnes/year and
SAP to 500,000 tonnes/year. LG Chem expects its
annual sales to grow by US$280 million, it said in a statement.
付記 日触は2014年7月31日、中国倍増計画中止を発表→2014年末 56万トン
LG Chem Aims to be Global No. 1 Material
Its fourth SAP plant at the Yeosu complex will bring the compnay's annual
SAP production capability to 360,000 tons
LG Chem’s fourth super absorbent polymer (SAP) plant in the Yonseong
district of the Yeosu National Industrial Complex is under construction. If
the new plant launches production in September as planned, it will bring the
company’s annual SAP production capacity from the current 280,000 tons
to 360,000 tons.
“SAP requires an advanced technology, so it has emerged as a strategic
material to make a difference between our company and Chinese competitors,”
said Song Hee-yoon, head of LG Chem chemical products plant.
He went on to say that LG Chem sees its production capacity surge five-fold
in seven years after the company entereed the SAP business in 2008.
SAP is a polymer material that can absorb pure water up to several hundred
times its own weight.
Despite the sagging chemical industry, LG Chem plans to expand investments
into new materials for new growth engines.
In a recent meeting with reporters, LG Chem Vice Chairman Park Jin-soo
unveiled a blueprint to create inorganic materials, innovative batteries and
future materials that have not yet hit the global market, with the goal of
raising revenues in those segments to 1 trillion won by 2020.
To this end, he said LG Chem plans to expand R&D outlays from 600 billion
won this year to 900 billion won by 2018, and raise the number of
researchers from 3,100 to 4,100.
Research manpower specializing in future materials will work at LG Chem’s
research center in Gwacheon, Gyeonggi-do, which is scheduled to open soon,
and LG Science Park LG Group plans to construct in the Magok District in
Seoul will be utilized to research new materials.
Vice Chairman Park said LG Chem, which started out with nothing at the Yeosu
plant 40 years ago, has now evolved into a business with an 1,800-fold
production increase, and the Yeosu plant will create a new chapter in LG
Chem’s history. He said LG Chem will continue to invest into the materials
sector until people recall LG Chem is No. 1 when it comes to materials that
make human lives richer.
LG Chem aim to raise sales in the overall materials field, including basic
material segments such as Sap and engineering plastic, information
electronics like OLED lightings and energy storage systems to 12 trillion
won by 2018. The company targets at 2 trillion won in sales in 2015, a
two-fold increase form 2014.
LG Chem Petrochemical business unit has eight domestic and 26 overseas
plants, including a plant in Gimcheon and a newly established Yeosu SAP
The new 36KT SAP plant in Yeosu will help
strengthen SAP business as LG Chem’s core and strategic businesses.
Moreover, with continuous investment in SAP business further expansion is
scheduled each year.
LG Chem SAP Unit’s Strong Points
The vertically integrated facility guarantees highly sustainable source of
supply for customers. Second, through state-of-art R&D and high quality
products, the company will continue to develop. Finally, with a
customer-oriented mindset, LG Chem says it will support customers’ needs and
value creation by solution partner project.
By taking control of raw materials from naphtha and SAP, LG Chem is one of
the few chemical companies in the world that is truly and vertically an
integrated SAP supplier.
From GS Caltex, naphtha is delivered to LG Chem’s NCC plant where 1,130KT
propylene produces as the raw material. Then, this propylene is delivered to
the Acrylic Acid (AA) plant, which produces 193KT of Acrylic Acid. And
finally, at the Gimcheon and Yeo-su plant, AA is transformed into SAP with
an annual capacity of 108KT to 72KT in Kimcheon 36KT here in Yeo-su.
Caustic Soda is also vertically integrated from upstream to SAP plants with
the capacity of 225KT.
LG Chem guarantees its customers a stable supply of SAP to a perfect
South Korea's LG
Chem to set up battery material JVs with China's
Zhejiang Huayou Cobalt
South Korea’s LG Chem Ltd said
on Wednesday it had agreed to build two joint ventures with
China’s Zhejiang Huayou Cobalt
to lock in
supplies of cobalt for lithium-ion batteries.
The plan comes as South
Korean companies step up efforts to secure battery metals
including cobalt to meet rising demand for electric vehicles.
Huayou Cobalt confirmed the
Under the deal, LG Chem said
it would raise a total of 239.4 billion won ($224.8 million) by
2020 to set up precursor and cathode joint
ventures in China.
The joint ventures are
expected to start producing 40,000 tonnes a year of precursors
and cathodes from 2020, the South Korean battery maker said in
LG Chem said it plans to use
precursor and cathode materials produced from the joint ventures
for its battery plants in China and Poland.
2022.08.16 LG Chem
Chem, ADM Complete Agreement for ‘Eco-friendly Bio Plastic’
Joint Ventures in Illinois, USA
LG Chem and ADM (Archer
Daniels Midland) have completed agreement for ‘Eco-friendly
Bio Plastic’ Joint Ventures.
LG Chem announced on the 16th at the LG Chem Magok R&D
Campus in Gangseo-gu, Seoul that it held the ‘Celebrating
the Launch of LA (lactic acid) and PLA
(poly lactic acid) 乳酸・ポリ乳酸 Ventures’ with ADM. ADM
(Archer Daniels Midland), a global leader in nutrition and
sustainable products and solutions, has a global
agricultural supply chain and processing technology, and LG
Chem has cooperated in developing plant-based bio materials.
This agreement is the main contract following the conclusion
of the Heads of Agreement (HOA) signed by the two companies
in September of last year.
The two companies will establish two joint ventures to
respond to the demand for plant-based products and
bioplastics. The LA production corporation
‘GreenWise Lactic’ will be in
charge of the raw materials to produce
150,000 tons of high-purity corn-based lactic acid annually.
The second joint venture, ‘LG Chem
Illinois Biochem,’ will use GreenWise Lactic’s lactic
acid to produce 75,000 tons of
bioplastics annually. If LG Chem Illinois Biochem
makes 500ml eco-friendly water bottles with bioplastics from
the factory, it can produce about 2.5 billion bottles. The
production facility will be built in Decatur, Illinois,
U.S., with the aim of completing it in late 2025 or early
2026. Construction is scheduled to begin in 2023, when the
final decision of the boards of both companies are
The first joint
venture, GreenWise Lactic, would produce up
to 150,000 tons of high-purity corn-based lactic acid
annually. ADM would be the
majority owner of GreenWise, and would contribute
fermentation capacity from its Decatur bioproducts
facility to the venture.
The second joint
venture, LG Chem Illinois Biochem, would be
majority-owned by LG Chem.
It would build upon LG Chem’s expertise in bioplastics
to build a facility that will use product from GreenWise
Lactic to produce approximately 75,000 tons of
polylactic acid (PLA) per year.
LG Chem is the first Korean company to build a PLA plant
with integrated production capacities ranging from raw
materials to the final product. With the establishment of
these JVs, LG Chem will not only procure production
capacities for highly pure lactic acid needed for
commercial-scale PLA production, but will also be able to
apply bio-materials in the development of various high
PLA is a representative biodegradable bioplastic made with
lactic acid produced by fermenting corn, and is mainly used
in food containers, straws, water bottles, tableware, and
tea bags that are harmless to the human body. PLA is
naturally decomposed within a few months by microorganisms
when certain conditions are met. It also emits only a
quarter of greenhouse gases during the production process
compared to general plastics, and is thus drawing attention
as a sustainable eco-friendly material. Global demand for
bioplastics is projected to grow from USD 10.7 billion in
2021 to USD 29.7 billion by 2026, representing annual growth
ADM CEO Juan R. Luciano stated, “Sustainability is one of
the enduring global trends that is powering ADM’s strategy
and growth.” and added, “We’re pleased to expand our
collaboration with LG Chem, and we’re planning to take the
next growth step, greatly expanding our ability to meet
growing demand for plant-based solutions.”
LG Chem Chief Executive Officer Hak Cheol Shin commented,
“The establishment of this joint venture is a sustainable
growth strategy that can directly contribute in solving
environmental issues such as climate change and waste
plastics,” and added, “Based on eco-friendly materials,
which is an axis for new growth engines, we will respond to
the rapidly changing market and customers, while becoming a