# 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.

- Type: Partnership
- Announced: 2021-09-14
- Where: United States, United States
- Status: announced
- Capacity: 75,000 tons per year (PLA)
- Products: lactic acid, polylactic acid, bioplastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md) (partner)
- [Archer Daniels Midland Company](https://endata.com/companies/21326.md) (partner)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/10027750), 2021-09-14: "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."

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