MOSCOW (MRC) -- Lotte Chemical Corp. said that it is conducting a risk assessment for its products for the first time in the domestic chemical industry, said Kedglobal.
Risk assessment refers to the comprehensive analysis of the substances contained in a product to measure the effects on the human body and the environment. Lotte Chemical decided to first conduct a risk assessment on three product groups, including high-value-added synthetic resin (ABS) materials that are applied as interior and exterior materials for home appliances such as air conditioners and refrigerators.
The company explained that it is the first time for a domestic company to conduct a risk assessment on its own products.
Lotte Chemical will conduct a risk assessment using a program developed by the Ministry of Environment and the National Institute of Environmental Research.
The results of the evaluation will be published in the form of a report in the first half of this year and posted on its website's product page.
"We will gradually expand the range of products subject to evaluation in the future and actively utilize the results to develop products and materials that consumers can use with confidence," said an official of Lotte Chemical.
We remind, Lotte Chemical announced it has formed a clean ammonia global consultative body with RWE, a German energy company, and Japan’s Mitsubishi Corporation, with a goal to cooperate and jointly develop a large-scale clean ammonia production and supply chain in Asia, Europe and US, said the company. As part of this move the three companies on 7 February signed a joint study agreement (JSA) which will see the entities engage in joint research for the production and export project of clean ammonia, both blue and green, at the Port of Corpus Christi in Texas, where the largest energy export terminal in the US is located.