LG Chem recently announced that it has started construction of its fourth carbon nanotube (CNT) plant at its Daesan Complex, 80 kilometers southwest of Seoul. LG Chem’s CNT 4 Plant is slated for operation in 2025 and will contribute to doubling LG Chem’s annual CNT production capability to 6,100 tons, said Process-worldwide.
Prior to this, LG Chem’s 1,200-tons CNT 3 Plant in Yeosu was also recently put into full operation, enabling LG Chem to secure a total production of 2,900 tons/year, adding on to the existing 1,700 tons.
LG Chem continuously expanding its CNT production capacity to gain a strong competitive advantage in the global CNT market which is rapidly evolving around electric vehicle (EV) battery materials. LG Chem has been operating CNT plants since 2017, starting from 500-ton productions at its CNT Plant 1, and is building new plants every year since 2020 to meet growing demands.
Thanks to the company’s fluidized bed reactor technology, production lines at all four LG Chem’s CNT plants can produce up to 600 tons on a yearly basis, demonstrating the highest single-line capacity in the world.
“With the nation’s largest CNT production capacity, we will continue building a strong competitive advantage in the battery materials sector and actively explore new business opportunities by moving faster than our competitors,” said Noh Kug-lae, President of LG Chem’s Petrochemical Business.
We remind, the Seoul Metropolitan Government is partnering with domestic petrochemical companies to begin a pilot project for recycling plastic waste materials using thermal pyrolysis technology. GS Caltex Corp., HD Hyundai Oilbank Co., LG Chem Ltd. And SK Geocentric Co have signed the business agreement with the Seoul city government. Plastic waste will be collected by district offices and be shipped to the petrochemical companies who will then use the thermal pyrolysis process to produce thermal pyrolysis oil.
mrchub.com