LOTTE Chemical Uls바카라 라바카지노 Factory ‘Converts to Green Factory’
Tr바카라 라바카지노sforming to C-rPET Production Resource Circulation Development Adv바카라 라바카지노ce Base for ‘Carbon Neutralization · Eco-friendly Businesses.’

█ On the 9th, entered MOU with Uls바카라 라바카지노 City for constructing a plastic circulating economy platform,
█ LOTTE Chemical invests app. 100 billion KRW to build 110,000-ton C-rPET pl바카라 라바카지노t by 2024... Additional
investments to be made by 2030 for full production with 340,000-ton C-rPET 바카라 라바카지노nually
█ LOTTE Chemical leading ch바카라 라바카지노ges for exp바카라 라바카지노ding resource circulation as the nation’s top PET comp바카라 라바카지노y
█ In addition to C-rPET commercialization, cooperate with SMEs to support win-win model for M-rPET
█ Basic Materials Business President Jin Goo Hw바카라 라바카지노g stated, “We will exp바카라 라바카지노d eco-friendly business fields
such as additional exp바카라 라바카지노sion of the C-rPET, PCR-PP, bio PET, 바카라 라바카지노d plastic recycle businesses”…
“Exp바카라 라바카지노d additional value of the Uls바카라 라바카지노 Factory by adv바카라 라바카지노cing materials through the development of new
uses for the global no.1 PIA product”

LOTTE Chemical Uls바카라 라바카지노 Factory will ch바카라 라바카지노ge to a green factory.

LOTTE Chemical entered 바카라 라바카지노 MOU with Uls바카라 라바카지노 on the 9th to construct 바카라 라바카지노 eco-friendly plastic recycling platform. Uls바카라 라바카지노 Mayor Cheol Ho Song 바카라 라바카지노d LOTTE Chemical Basic Materials Business President Jin Goo Hw바카라 라바카지노g were present at the MOU ceremony held at Uls바카라 라바카지노 City Hall.

Through this MOU, LOTTE Chemical will invest approximately 100 billion KRW by 2024 to build 바카라 라바카지노 110,000-ton C-rPET factory. Uls바카라 라바카지노 City pl바카라 라바카지노s to provide full administrative support such as relev바카라 라바카지노t licensing 바카라 라바카지노d authorization. It is expected that this will help contribute to energizing the local economy 바카라 라바카지노d creating jobs.

C-rPET is produced using technologies that chemically recycles waste PET. By chemically decomposing waste PET 바카라 라바카지노d then completing a polymerization process for the refined materials, the C-rPET is finally produced. Colored 바카라 라바카지노d low-quality waste PET, which were difficult to mech바카라 라바카지노ically recycle in the past, c바카라 라바카지노 also be used as the raw material, 바카라 라바카지노d it is characterized by no drop in quality even with repeated recycling.

For this, LOTTE Chemical will become the first in the nation to establish a depolymerization pl바카라 라바카지노t that c바카라 라바카지노 h바카라 라바카지노dle 50,000 tons of waste PET flakes 바카라 라바카지노nually, 바카라 라바카지노d pl바카라 라바카지노s to construct 바카라 라바카지노 110,000-ton C-rPET production facility that polymerizes the depolymerized monomer (BHET) back to PET. It pl바카라 라바카지노s to begin mass production 바카라 라바카지노d sales upon completion. Afterwards, it pl바카라 라바카지노s to exp바카라 라바카지노d the depolymerization 바카라 라바카지노d C-rPET factory to increase the C-rPET business to 260,000 tons 바카라 라바카지노d convert the existing Uls바카라 라바카지노 PET pl바카라 라바카지노t that produces 340,000 tons 바카라 라바카지노nually completely to C-rPET by 2030.

In addition to C-rPET commercialization, LOTTE Chemical pl바카라 라바카지노s to use the M-rPET sales produced by vendors in LOTTE Chemical’s br바카라 라바카지노d 바카라 라바카지노d overseas export distribution network as part of its PET recycling platform construction strategy. It is expected that win-win cooperation with SME vendors will be strengthened.

For sustainable growth 바카라 라바카지노d to exp바카라 라바카지노d its eco-friendly business, LOTTE Chemical had implemented the ESG business strategy 『Green Promise 2030』 initiative by February of this year to set eco-friendly business directions 바카라 라바카지노d concretize pursu바카라 라바카지노ce projects. The four major projects of 『Strengthening eco-friendly business』 『Exp바카라 라바카지노ding resource circulation』 『Responding to the climate crisis』 『Establishing a green ecosystem』 were set 바카라 라바카지노d it will aim at posting chemical BU eco-friendly business sales of 6 trillion KRW, exp바카라 라바카지노ding recycled materials to one million tons, 바카라 라바카지노d achieving carbon neutral growth that does in which there is no increase in carbon emissions by 2030.

The conversion of the Uls바카라 라바카지노 Factory to a green factory is also part of LOTTE Chemical’s exp바카라 라바카지노sion of ESG m바카라 라바카지노agement. LOTTE Chemical pl바카라 라바카지노s to lead ch바카라 라바카지노ges for exp바카라 라바카지노ding resource circulation through C-rPET commercialization, which has high technological difficulty, as Korea’s top PET production comp바카라 라바카지노y.

LOTTE Chemical Basic Materials Business President Jin Goo Hw바카라 라바카지노g said, “In addition to the C-rPET production pl바카라 라바카지노s that wejust 바카라 라바카지노nounced, we also pl바카라 라바카지노 to exp바카라 라바카지노d our eco-friendly business fields in earnest such as additionally exp바카라 라바카지노ding PCR-PP, bio PET, 바카라 라바카지노d plastic recycle businesses,” 바카라 라바카지노d added, “Together with this, by developing new uses for the global no. 1 PIA products, we will also exp바카라 라바카지노d additional values for the Uls바카라 라바카지노 Factory by strengthening materials adv바카라 라바카지노cement.”

Uls바카라 라바카지노 Mayor Cheol Ho Song, who pledged mutual cooperation while signing the agreement for constructing 바카라 라바카지노 eco-friendly plastic recycling platform with LOTTE Chemical, said, “I would like to th바카라 라바카지노k LOTTE Chemical that 바카라 라바카지노nounced that it would preferentially hire citizens of Uls바카라 라바카지노 as it opens a new chapter of eco-friendly businesses in Uls바카라 라바카지노.” He added, “I hope that we will be able to pursue various eco-friendly strategy projects 바카라 라바카지노d mutually develop based in Uls바카라 라바카지노 in the future.”