LG Chem and Neste Collaborate to Produce Bio-Based Polymer Resins
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Transcript of LG Chem and Neste Collaborate to Produce Bio-Based Polymer Resins
LG Chem and Neste Collaborate to Produce Bio-Based Polymer Resins
Finland based oil refining and marketing company Neste, Oyj has entered into a pact with the South
Korean chemical giant LG Chem, aiming to produce the biopolymers and biochemicals globally. As per
the pact, LG Chem will replace the fossil feedstocks used for manufacturing polymers and chemicals
with ‘Neste Renewable Hydrocarbons’ in the near term, thereby lending its significant contribution
towards transforming the world into a circular bioeconomy.
Get more info : https://www.chemanalyst.com/NewsAndDeals/DealsDetails/lg-chem-and-neste-
collaborate-to-produce-bio-based-polymer-resins-77
The partnership would enable the Korean chemical company to produce eco-friendly resins from
Neste’s biomaterials, and hence would enable the company to achieve its required sustainability
standards. With this strategic move, LG Chem plans to start the production of bio-based Polyolefin
(PO), Polycarbonate (PC), Super Absorbent Polymer (SAP) and Polyvinyl Chloride (PVC) by the second
half of 2021 (H2-2021) at its home market Korea. The two parties are eyeing on huge impact over the
global chemical industry through this supreme combination of LG Chem’s proprietary technology and
diverse chemical portfolio with Neste’s environment sustainability solutions based on renewable
hydrocarbons.
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