# LG Chem completes carbon nanotube plant expansion in Yeosu

LG Chem Ltd. completed the expansion of its CNT 2 plant in Yeosu, South Korea, tripling annual carbon nanotube capacity from 500 tons to 1,700 tons. The company spent 65 billion won ($58.3 million) on the ramp-up, announced in April 2020.

- Type: Expansion
- Announced: 2021-04-15
- Where: Yeosu, South Korea
- Value: $58.3M (65.0B KRW)
- Starts operating: 15 Apr 2021
- Status: completed
- Capacity: 1,700 tons per year
- Products: carbon nanotubes (CNT)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9832530), 2021-04-15: "LG Chem now is capable of producing total 1,700 tons of CNT per year, more than tripled from the previous capacity of 500 tons."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.