LG Chem and ADM to form joint venture for bioplastics production

LG Chem and Archer Daniels Midland signed a Heads of Agreement to establish a joint venture in the U.S. for commercial production of lactic acid and polylactic acid, with a PLA plant capacity of 75,000 tons per year, targeting completion by 2025.

“The joint venture will allow LG Chem to integrate renewable biomaterials into the development of various high-added-value products and secure a stable supply of raw materials and the capacity for commercial production of high-purity LA.”pulse.mk.co.kr

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• pulse.mk.co.krLG Chem, ADM team up for joint production of bioplastic materials - 매일경제 영문뉴스 펄스(Pulse)Sep 14, 2021

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