LG Chem, Neste sign strategic partnership on renewable sources
SEOUL, Nov. 5 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical firm, said Thursday it will collaborate with Finland-based bio diesel producer Neste to develop renewable materials for its chemical products.
LG Chem and Neste signed a strategic long-term partnership to develop biopolymers and biochemicals to reduce use of fossil feedstock in the Korean company's manufacturing process.
LG Chem has a diversified chemical portfolio ranging from petrochemical products to lithium-ion batteries for electric vehicles.
The partnership is part of the leading battery maker's long-term plan to reduce carbon emissions in 2050 to 10 million tons, which is equivalent to the amount in 2019.
Neste, the world's No. 1 bio diesel company, produces renewable hydrocarbon from traceable, bio-based raw materials, such as waste and residue oils and fats, to provide a more sustainable alternative to fossil feedstock.
ejkim@yna.co.kr
(END)
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
'Dynamite' becomes 3rd BTS video to top 1 bln views
-
S. Korea, U.S. authorities assess N.K. has completed building new 3,000-ton submarine: sources
-
BTS to stream concerts in weekend Bang Bang Con event
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
BTS to stream concerts in weekend Bang Bang Con event
-
(LEAD) Seoul mayor pushes for introduction of self-testing kits, extending hours for small businesses
-
BLACKPINK amasses 60 mln subscribers on YouTube: agency
-
Nomination of new USFK chief returned to president: U.S. Congress
-
Yellow dust storm from China, Mongolia heading towards Korea
-
Citibank to exit retail banking in 13 markets including S. Korea
-
(5th LD) Kim Boo-kyum, former four-term lawmaker, nominated as S. Korea's new prime minister
-
(LEAD) 7 years after Sewol ferry disaster, harrowing losses still remembered