LG Chem and ADM to form bioplastic joint venture in US

LG Chem and Archer Daniels Midland (ADM) signed a heads of agreement to establish a joint venture in the United States for the production of lactic acid and polylactic acid (PLA). The PLA plant will have an annual capacity of 75,000 tons, with a definitive agreement expected in Q1 2022 and construction by 2025.

“The establishment of a joint venture with AMD will be the start of a new journey that goes beyond simple cooperation to lead the transition to a sustainable business structure for the benefit of the environment and society.”ajupress.com

• 1 source
• ajupress.comLG Chem and ADM agree to set up U.S.-based joint factory for production of bioplastic material | Aju PressLim Chang-wonSep 14, 2021

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