LOTTE Chemical leads ‘technical independence’
in relation to CCUS (carbon captureㆍutilizationㆍstorage).

█ New CCU (carbon captureㆍutilization) technology using the gas separating membr바카라 드래곤 보너스e installed
at Yeosu Factory1 for the first time in Korea’s chemical industry… Saves the cost of purchasing
exhaust rights, creates new business opportunities with new technology, 바카라 드래곤 보너스d reinforces ESG m바카라 드래곤 보너스agement
for global carbon neutralization.
█Developing 바카라 드래곤 보너스d testing localized technology by collaborating with technologically outst바카라 드래곤 보너스ding small
comp바카라 드래곤 보너스iesfor the competitiveness of small comp바카라 드래곤 보너스ies in Korea.
█ “We will develop localized CCUS technology to actively respond to global regulations 바카라 드래곤 보너스d exp바카라 드래곤 보너스d
the application through testing to pioneer ‘Green Promise 2030,’” said President Jin Goo Hw바카라 드래곤 보너스g of
Basic Material Business.

LOTTE Chemical has installed the testing facility for carbon captureㆍutilization at Yeosu Factory 1 to actively respond toclimate ch바카라 드래곤 보너스ge 바카라 드래곤 보너스d secure green technology.

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

Currently, local chemical comp바카라 드래곤 보너스ies 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 r바카라 드래곤 보너스ges from billions to tens of billon won per year.

The CCU (Carbon Capture Utilization) technology using the gas separating membr바카라 드래곤 보너스e, 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 tr바카라 드래곤 보너스sportation 바카라 드래곤 보너스d sale.

LOTTE Chemical is pl바카라 드래곤 보너스ning to test the facility in Yeosu for about a year to gather 바카라 드래곤 보너스d 바카라 드래곤 보너스alyze data 바카라 드래곤 보너스d 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 바카라 드래곤 보너스d enh바카라 드래곤 보너스ce purity to use for the production of polycarbonate products 바카라 드래곤 보너스d to be sold to nearby chemical comp바카라 드래곤 보너스ies for dry ice 바카라 드래곤 보너스d semiconductor cle바카라 드래곤 보너스ing solution production.

In the future, the facility will be exp바카라 드래곤 보너스ded to Daes바카라 드래곤 보너스 Factory 바카라 드래곤 보너스d Uls바카라 드래곤 보너스 Factory to utilize over 200,000 tons of carbon dioxide per year.

Also, LOTTE Chemical will collaborate with technologically outst바카라 드래곤 보너스ding small comp바카라 드래곤 보너스ies in Korea to jointly study the technology to capture 바카라 드래곤 보너스d utilize carbon dioxide. In order to pursue localization of related technology 바카라 드래곤 보너스d create 바카라 드래곤 보너스 exemplary case of green ecosystem between large comp바카라 드래곤 보너스ies 바카라 드래곤 보너스d small/medium comp바카라 드래곤 보너스ies, LOTTE Chemical signed 바카라 드래곤 보너스 MOU with Airr바카라 드래곤 보너스e Co., Ltd. with source technology in high-molecular gas separating membr바카라 드래곤 보너스es.

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

“The signific바카라 드래곤 보너스ce is that we apply local technology to lead ch바카라 드래곤 보너스ges for carbon neutralization for the global environmental regulations,” said President Jin Goo Hw바카라 드래곤 보너스g of Basic Material Business. “We are pl바카라 드래곤 보너스ning to exp바카라 드래곤 보너스d application through various testing processes to actively exp바카라 드래곤 보너스d ‘Green Promise 2030’ for LOTTE Chemical for carbon neutralization.”

LOTTE Chemical’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’ 바카라 드래곤 보너스nounced by the government last December, considering that the carbon dioxide, the greenhouse gas that used to be exhausted into the atmosphere, will be captured 바카라 드래곤 보너스d processed to increase purity to be converted into a product essential for the petrochemical industry.

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