LG

■ Eco-Friendly Certification on 9 Products Including SAP (Superabsorbent polymer), PO (Polyolefin), PC (Polycarbonate)
□ Also the first in Korea to be certified on the Entire Value Chain: Sourcing, Production, Purchase/Sales
 
■ Using Bio Materials from Neste of Finland, Productions to Begin at Yeosu and Iksan Plants in June for Future Sales
 
■ President Kug Lae Noh of Petrochemicals Company:
“Established the foundation to preoccupy the eco-friendly bio products through the ISCC Plus Certification, the highest authority in the field of sustainability”
“Will lead the ESG Market and contribute to carbon neutrality with more ISCC Plus-certified products and workplaces”
 
 
LG Chem received Korea’s first international eco-friendly certification for nine types of materials used in diapers, IT devices, home appliances, and electric vehicle parts.
 
On April 19th, LG Chem announced that it has obtained ISCC (International Sustainability and Carbon Certification) Plus for bio-balanced products produced from renewable plant-based raw materials such as waste cooking oil and palm oil.
 
ISCC Plus is an international certification system that meets the European Union’s Renewable Energy Directives, the most stringent standards in the world, serving as the major authority in identifying the sustainability of eco-friendly bio products.
 
It is considered the most reliable institution in eco-friendly certification with transparent screening standards and strict certification procedures, with over 130 eco-friendly raw material manufacturers, NGOs, and research institutes around the world registered as members.
 
LG Chem received ISCC Plus certification on nine bio-balanced products, including SAP (superabsorbent polymer), PO (polyolefin), and PC (polycarbonate) compounds, which are both the first and the most certifications in Korea.
 
Also, it has become the first in Korea to be certified on the entire value chain from sourcing to production to purchase and sales.
 
With these certifications, LG Chem has laid the foundation for enhancing customer confidence in eco-friendly bio products and accelerating its expansion in related markets.
 
Will Begin Sales After Production at Yeosu and Iksan Plants in June
 
LG Chem will start producing eco-friendly products using bio-materials from Neste in Finland at its Yeosu and Iksan plants in June this year.
 
In November 2020, LG Chem signed a memorandum of understanding with Neste in Finland, the world’s largest biodiesel company, which established the foundation for a stable supply of bio-materials necessary to produce eco-friendly products.
 
In general, research has shown that replacing fossil-derived raw materials with bio materials can reduce carbon emissions by about 50% compared to existing products, based on the same amount of input.
 
To objectively quantify the carbon reduction effect of each plant and product, LG Chem is conducting Life Cycle Assessment (LCA) with external specialists, which evaluates all environmental impacts that occur from raw material production to product shipment. The data derived from this process will be managed systematically.
 
“We have established the foundation to preoccupy the eco-friendly bio product market through ISCC Plus, the highest authority in the field of sustainability,” said President KUG LAE, NOH of LG Chem’s Petrochemicals Company.
 
“We will continue to expand ISCC Plus-certified products and workplaces to contribute to carbon neutrality and lead the ESG product market,” he added.
 
On the same day, LG Chem received the ISCC Plus certificate through Control Union Korea, the official agency of ISCC in Korea.