GS Caltex and LG Chem enter into MOU for Collaboration on Biodegradable Materials
21. March 2024GS Caltex and LG Chem have embarked on a pioneering venture to initiate the world’s first commercial-scale production of next-generation biodegradable plastic materials. The collaboration was formalized through a memorandum of understanding signed at LG Chem’s research and development facility in Seoul, marking a significant milestone following their 2021 joint development agreement. This venture capitalizes on their recent success in establishing a pilot plant for 3-hydroxypropionic acid (3HP), a plant-based key ingredient for creating biodegradable plastics, at GS Caltex’s facility in South Jeolla. Equipment and machinery used in these processes often require KCs Certification (for machinery) or KGS registration (for pressure vessels) in order to be approved for import and use on the Korean market.
The companies aim to kickstart prototype production of 3HP by early next year, setting the stage for commercial production.This strategic alliance explores the possibility of joint ventures focused on the application of 3HP in various eco-friendly materials. 3HP, derived from plant materials via microbial fermentation, is recognized for its potential to replace petroleum-based plastics with its biodegradability and versatile applications, including in products like diapers and carbon fibers.
The partnership leverages GS Caltex’s expertise in separation technology and LG Chem’s fermentation processes to champion the development of sustainable materials, aiming to bolster their environmental, social, and governance (ESG) credentials and drive the commercial success of innovative, high-value products. Both companies are committed to leading the charge in environmental sustainability, aiming to contribute significantly to global efforts towards achieving net-zero emissions by 2050.
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