Neste and LG Chem partner to establish biopolymers and biochemicals market globally, with a focus on LG Chem’s home market, South Korea.
In the partnership, in the next few months, LG Chem will begin utilizing Neste Renewable Hydrocarbons to replace fossil feedstock it normally uses to manufacture polymers and chemicals.
Kug Lae Noh, Executive Vice President and the President of Petrochemicals Company from LG Chem, stated, “LG Chem’s proprietary technology and significant market share of diverse chemical products and Neste’s sustainable solution based on renewable hydrocarbons, have come together in a partnership that will pave the way for sustainable growth in building a circular bio-economy for both parties and also the global industry.”
Neste produces its renewable hydrocarbons entirely out of traceable, bio-based raw materials, including waste and residue oils and fats, to provide a high-quality, more sustainable alternative to fossil feedstock.
