2023. 05. 12
In April 2021, LG Chem acquired ISCC (International Sustainability and Carbon Certification) Plus for their bio-circular balanced product made of plant-based bio materials.
ISCC Plus is an international certification program that meets the criteria of the EU RED (Renewable Energy Directives), the strictest standards for sustainability around the world. Thus, receiving ISCC Plus verifies sustainability of eco-friendly bio products. Its members include more than 130 eco-friendly materials companies, NGOs, and research institutes worldwide. ISCC is regarded as the most credible sustainability certification program for its transparent review criteria and very demanding certification process.
As of May 2023, LG Chem acquired 58 ISCC Plus for their eco-friendly bio materials, which the company has vigorously developed and manufactured since declaring a vision to achieve net zero. Learn more about LG Chem’s initiatives toward a better future for the earth.
In November 2020, LG Chem forged a strategic partnership with Neste, the world’s largest bio diesel company, taking a step toward producing eco-friendly bio materials. With proprietary manufacturing technology, Neste earns 80% of their operating income from eco-friendly products made of bio materials. Neste’s bio materials are made from renewable plant-based oil such as waste cooking oil and palm oil, which reduces a significant amount of greenhouse gas emissions compared to fossil fuels. Based on this partnership, LG Chem has explored opportunities to commercialize a wide array of bio materials-based products and strengthened competitiveness in global markets. With a goal to acquire ISCC Plus for eco-friendly resin made of bio materials, LG Chem accelerates their sustainability strategy to reduce carbon emissions and greenhouse gas emissions. ISCC Plus is an international certification program for sustainability that satisfies the world’s strictest criteria of the EU RED (Renewable Energy Directives), and is regarded as the most credible certification for eco-friendly bio products due to the transparent review standards and very demanding certification process.
In April 2021, LG Chem acquired ISCC Plus for nine bio-circular balanced products including SAP (Super Absorbent Polymer), PO (Polyolefin), and PC (Polycarbonate). This achievement gave LG Chem a foundation to earn customer trust in their eco-friendly bio products and accelerate market forays for eco-friendly products. LG Chem acquired ISCC Plus throughout a value chain, ranging from raw materials to production, procurement, and sales. In June 2021, the company manufactured eco-friendly products for the first time at LG Chem’s Yeosu and Iksan facilities, using bio materials supplied by Neste.
In August 2021, LG Chem mass produced ISCC Plus-certified bio-circular balanced SAP (Super Absorbent Polymer) and shipped the first batch for export. Bio-circular balanced SAP is an eco-friendly material made of renewable cooking oil and palm byproducts, and is used in various products including diapers. Amid growing attention given to eco-friendly materials used in sanitary products, LG Chem exported the first batch of eco-friendly bio products.
Starting with the export of bio-circular balanced SAP, the company is exporting bio-circular balanced NPG, bio-circular balanced phenol, bio-circular balanced acetone, and signed MOUs in various areas to develop eco-friendly products. Specifically, LG Chem signed an MOU with LX Hausys, a Korean company, to cooperate in the eco-friendly PVC window and floor materials business, produce PVC from waste construction materials, and develop and commercialize bio-circular balanced PVC products. The company supplied bio-circular balanced SAP to Yuhan Kimberly, a Korean company, to produce Huggies Nature Made Organic, an eco-friendly diaper brand. In August 2022, LG Chem forged Green Action Alliance with Yuhan Kimberly to develop customized eco-friendly materials for healthy resource circulation. The goal is to promptly reflect customer feedback for sanitary products to accelerate the development of eco-friendly materials and products. LG Chem listens to customers’ voices from the stage of developing raw materials, and widens a lineup of eco-friendly materials and products including naturally derived absorbent, compostable materials, and recycled packaging.
In October 2022, LG Chem signed an MOU with NOX, a Korean flooring materials company, to cooperate in the bio-circular balanced PVC business. Accordingly, LG Chem will supply PVC made of renewable plant-based materials such as waste cooking oil to NOX, and NOX will produce LVT (Luxury Vinyl Tile), a high-performing flooring material for residential and commercial use, from them and sell them in 50-plus countries worldwide through their global distribution channels.
In December 2022, LG Chem produced bio-circular balanced ABS products based on plant-based bio materials, acquired ISCC Plus for ABS for the first time in Asia, and supplied the products to Mattel, the largest toy company in North America which currently focuses on developing eco-friendly products.
In April 2023, LG Chem signed a joint research agreement with Gevo, a US eco-friendly fuel company, to commercialize bio propylene by 2026. Gevo will be providing technology for producing propylene from bio ethanol, and LG Chem will engage in joint R&D efforts and build a facility to commercially produce bio propylene. If successfully done, it would be the first commercial ETO (Ethanol to Olefin) technology although currently there is a commercial technology to produce ethylene from bio ethanol derived from fermented sugarcanes and corns.
In April 2021, LG Chem acquired ISCC Plus for nine bio-circular balanced products, and increased the number of ISCC Plus-certified products to 58 as of May 2023. LG Chem endeavors to further increase ISCC Plus-certified products. LG Chem strives to achieve net zero by 2050 and steadily expands their eco-friendly materials business! Leading the global market for eco-friendly materials, LG Chem makes ceaseless efforts to build a sustainable future.
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