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[Press Release] LOTTE 바카라 드래곤 보너스 leads ‘technical independence’ in relation to CCUS (carbon captureㆍutilizationㆍstorage).

2021.04.08

LOTTE 바카라 드래곤 보너스 leads ‘technical independence’
in relation to CCUS (바카라 드래곤 보너스 captureㆍutilizationㆍstorage).

█ New CCU (바카라 드래곤 보너스 captureㆍutilization) technology using the gas separating membrane installed
at Yeosu Factory1 for the first time in Korea’s 바카라 드래곤 보너스 industry… Saves the cost of purchasing
exhaust rights, creates new business opportunities with new technology, and reinforces ESG management
for global 바카라 드래곤 보너스 neutralization.
█Developing and testing localized technology by collaborating with technologically outstanding small
companiesfor the competitiveness of small companies in Korea.
█ “We will develop localized CCUS technology to actively respond to global regulations and expand
the application through testing to pioneer ‘Green Promise 2030,’” said President Jin Goo Hwang of
Basic Material Business.



LOTTE 바카라 드래곤 보너스 has installed the testing facility for carbon captureㆍutilization at Yeosu Factory 1 to actively respond toclimate change and secure green technology.

LOTTE 바카라 드래곤 보너스 has headed out to develop technologies to capture and utilize carbon dioxide (CO2) using the gas separating membrane for the first time in Korea to address the issues related to the global regulations on greenhouse gas and the increasing cost of carbon exhaust rights.

Currently, local 바카라 드래곤 보너스 companies purchase carbon exhaust rights for carbon dioxide exhaust generated from the production of ingredients or seek partial exemptions using new renewable energy, but the cost of purchase ranges from billions to tens of billon won per year.

The CCU (바카라 드래곤 보너스 Capture Utilization) technology using the gas separating membrane, which was first installed at Yeosu Factory 1 in mid-March for testing, has been tested by other industries in Korea, but has not been commercialized due to lack of feasibility in relation to transportation and sale.

LOTTE 바카라 드래곤 보너스 is planning to test the facility in Yeosu for about a year to gather and analyze data and evaluate the impact of nitrogen oxide (NOx) to complete the commercial facility by 2023. The facility is designed to capture over 60,000 tons of additional carbon dioxide per year and enhance purity to use for the production of polycarbonate products and to be sold to nearby 바카라 드래곤 보너스 companies for dry ice and semiconductor cleaning solution production.

In the future, the facility will be expanded to Daesan Factory and Ulsan Factory to utilize over 200,000 tons of 바카라 드래곤 보너스 dioxide per year.

Also, LOTTE 바카라 드래곤 보너스 will collaborate with technologically outstanding small companies in Korea to jointly study the technology to capture and utilize carbon dioxide. In order to pursue localization of related technology and create an exemplary case of green ecosystem between large companies and small/medium companies, LOTTE 바카라 드래곤 보너스 signed an MOU with Airrane Co., Ltd. with source technology in high-molecular gas separating membranes.

With this policy, promising small/medium companies in Korea will be given opportunities to test their technologies and expand business in the global market, while LOTTE 바카라 드래곤 보너스 can secure technology to reduce and utilize carbon dioxide (CO2) for the low carbon era.

“The significance is that we apply local technology to lead changes for carbon neutralization for the global environmental regulations,” said President Jin Goo Hwang of Basic Material Business. “We are planning to expand application through various testing processes to actively expand ‘Green Promise 2030’ for LOTTE 바카라 드래곤 보너스 for carbon neutralization.”

LOTTE 바카라 드래곤 보너스’s R&D for testing is expected to be a good example of ‘low-carbonization of economic structure,’ which is one of the 3+1 strategies of ‘2050 Carbon Neutralization’ announced by the government last December, considering that the carbon dioxide, the greenhouse gas that used to be exhausted into the atmosphere, will be captured and processed to increase purity to be converted into a product essential for the petro바카라 드래곤 보너스 industry.

LOTTE 바카라 드래곤 보너스 is concentrating strategic investment and capacities the eco-friendly objectives announced by the 바카라 드래곤 보너스 BU last February and the four major objectives of 『Green Promise 2030』, the ESG management strategies--『Eco-friendly Businesses』, 『Vital Cycle of Resources』, 『Response to Climate Crisis』, and 『Green Ecosystem』.