LG

■ On the 29th, signed a Memorandum of Understanding (MOU) for the joint research and development in the fields related to sustainability such as carbon neutrality and biomass, as well as battery materials and artificial intelligence (AI)
□ Carbon neutrality: CO₂ conversion catalyst technology for carbon capture and utilization (CCU)
□ Biomass: Bioplastic production technology using microorganisms
□ Battery materials: Development of cathode active material to increase battery capacity
□ Artificial intelligence: Establishment of autonomous driving laboratory for automation of processing and analysis
and optimization of experimental design
 
■ CTO Jiyung Yu,
“For securing ESG-based proprietary technology, LG Chem will work closely with UNIST which has strengths in research fields related to next-generation energy and advanced new materials”
 
 
Ulsan National Institute of Science and Technology (UNIST, President Yong Hoon Lee) and LG Chem (CEO Hak Cheol Shin) will jointly conduct research and development of future proprietary technologies to foster the next generation new-growth engine.
 
On the 29th, the two organizations announced that they had signed a Memorandum of Understanding (MOU) for the joint research and development in the fields related to sustainability such as carbon neutrality and biomass, as well as battery materials and artificial intelligence (AI).
 
The signing ceremony was held at the UNIST main building in the morning of the 29th, and was attended by Jiyung Yu, CTO of LG Chem, and Yong Hoon Lee, President of UNIST.
 
UNIST is a science and technology specialized university with research focus on high-tech new materials, bio, and next-generation energy, etc.
 
The university also operates the Artificial Intelligence Graduate School, a project supported by the Ministry of Science and ICT, and the largest secondary battery research center among universities in the world.
 
In addition, with strengths in future fields which will realize carbon neutrality, such as hydrogen, solar battery and carbon capture and utilization (CCU), the University plans to open the ‘Carbon Neutrality Convergence Center’ in 2022 and lead the education and research related to carbon neutrality.
 
LG Chem will invest 10 trillion Korean Won until 2025 to foster new-growth engines such as eco-friendly materials, battery materials and bio; therefore, synergy between the two organizations is expected in the demonstration and commercialization of related technologies.
 
Through this agreement, the two organizations will engage in joint research in areas such as ▲ catalyst technology required to convert CO₂ into hydrocarbons, etc., ▲ production of bioplastics using microorganisms, ▲ development of cathode active material to increase battery capacity, and ▲ establishment of autonomous driving laboratory for automation of processing and analysis and optimization of experimental design.
 
*Autonomous driving laboratory: An unmanned laboratory that utilizes AI to automate experiment design/conduct/analysis
 
CTO Jiyung Yu stated "LG Chem will work closely with UNIST to preoccupy outstanding talent through the Carbon Neutral Convergence Center scheduled to open in 2022, which has strengths in research fields related to next-generation energy and advanced new materials to secure ESG-based proprietary technology as a new growth engine of the Company.”
 
Yong Hoon Lee, President of UNIST, stated “To solve the challenges facing our society such as carbon neutrality, active cooperation is strongly required between universities and corporations.
 
This cooperation will serve as a strong foothold for securing and commercializing eco-friendly future technologies.”
 
Meanwhile, CTO Jiyung Yu shared the industry`s front-line perspectives and know-how in a special lecture to UNIST students on the future trends of the materials industry in the post COVID-19 era and the direction in which R&D is changing, which was well received by the students.