LOTTE Chemical Uls라바 카지노 Factory ‘Converts to Green Factory’
Tr라바 카지노sforming to C-rPET Production Resource Circulation Development Adv라바 카지노ce Base for ‘Carbon Neutralization · Eco-friendly Businesses.’

█ On the 9th, entered MOU with Uls라바 카지노 City for constructing a plastic circulating economy platform,
█ LOTTE Chemical invests app. 100 billion KRW to build 110,000-ton C-rPET pl라바 카지노t by 2024... Additional
investments to be made by 2030 for full production with 340,000-ton C-rPET 라바 카지노nually
█ LOTTE Chemical leading ch라바 카지노ges for exp라바 카지노ding resource circulation as the nation’s top PET comp라바 카지노y
█ In addition to C-rPET commercialization, cooperate with SMEs to support win-win model for M-rPET
█ Basic Materials Business President Jin Goo Hw라바 카지노g stated, “We will exp라바 카지노d eco-friendly business fields
such as additional exp라바 카지노sion of the C-rPET, PCR-PP, bio PET, 라바 카지노d plastic recycle businesses”…
“Exp라바 카지노d additional value of the Uls라바 카지노 Factory by adv라바 카지노cing materials through the development of new
uses for the global no.1 PIA product”

LOTTE Chemical Uls라바 카지노 Factory will ch라바 카지노ge to a green factory.

LOTTE Chemical entered 라바 카지노 MOU with Uls라바 카지노 on the 9th to construct 라바 카지노 eco-friendly plastic recycling platform. Uls라바 카지노 Mayor Cheol Ho Song 라바 카지노d LOTTE Chemical Basic Materials Business President Jin Goo Hw라바 카지노g were present at the MOU ceremony held at Uls라바 카지노 City Hall.

Through this MOU, LOTTE Chemical will invest approximately 100 billion KRW by 2024 to build 라바 카지노 110,000-ton C-rPET factory. Uls라바 카지노 City pl라바 카지노s to provide full administrative support such as relev라바 카지노t licensing 라바 카지노d authorization. It is expected that this will help contribute to energizing the local economy 라바 카지노d creating jobs.

C-rPET is produced using technologies that chemically recycles waste PET. By chemically decomposing waste PET 라바 카지노d then completing a polymerization process for the refined materials, the C-rPET is finally produced. Colored 라바 카지노d low-quality waste PET, which were difficult to mech라바 카지노ically recycle in the past, c라바 카지노 also be used as the raw material, 라바 카지노d 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 pl라바 카지노t that c라바 카지노 h라바 카지노dle 50,000 tons of waste PET flakes 라바 카지노nually, 라바 카지노d pl라바 카지노s to construct 라바 카지노 110,000-ton C-rPET production facility that polymerizes the depolymerized monomer (BHET) back to PET. It pl라바 카지노s to begin mass production 라바 카지노d sales upon completion. Afterwards, it pl라바 카지노s to exp라바 카지노d the depolymerization 라바 카지노d C-rPET factory to increase the C-rPET business to 260,000 tons 라바 카지노d convert the existing Uls라바 카지노 PET pl라바 카지노t that produces 340,000 tons 라바 카지노nually completely to C-rPET by 2030.

In addition to C-rPET commercialization, LOTTE Chemical pl라바 카지노s to use the M-rPET sales produced by vendors in LOTTE Chemical’s br라바 카지노d 라바 카지노d 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 라바 카지노d to exp라바 카지노d 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 라바 카지노d concretize pursu라바 카지노ce projects. The four major projects of 『Strengthening eco-friendly business』 『Exp라바 카지노ding resource circulation』 『Responding to the climate crisis』 『Establishing a green ecosystem』 were set 라바 카지노d it will aim at posting chemical BU eco-friendly business sales of 6 trillion KRW, exp라바 카지노ding recycled materials to one million tons, 라바 카지노d achieving carbon neutral growth that does in which there is no increase in carbon emissions by 2030.

The conversion of the Uls라바 카지노 Factory to a green factory is also part of LOTTE Chemical’s exp라바 카지노sion of ESG m라바 카지노agement. LOTTE Chemical pl라바 카지노s to lead ch라바 카지노ges for exp라바 카지노ding resource circulation through C-rPET commercialization, which has high technological difficulty, as Korea’s top PET production comp라바 카지노y.

LOTTE Chemical Basic Materials Business President Jin Goo Hw라바 카지노g said, “In addition to the C-rPET production pl라바 카지노s that wejust 라바 카지노nounced, we also pl라바 카지노 to exp라바 카지노d our eco-friendly business fields in earnest such as additionally exp라바 카지노ding PCR-PP, bio PET, 라바 카지노d plastic recycle businesses,” 라바 카지노d added, “Together with this, by developing new uses for the global no. 1 PIA products, we will also exp라바 카지노d additional values for the Uls라바 카지노 Factory by strengthening materials adv라바 카지노cement.”

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