# 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.

- 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 (PLA), bioplastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [ajupress.com](https://www.ajupress.com/view/20210914112848001), 2021-09-14: "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."

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