LG Chem announced on Thursday its intention to establish a plastic circulation system by producing eco-friendly plasticizer, a key ingredient in flooring materials, using discarded PET bottles from everyday life. (Image courtesy of LG Chem)
SEOUL, Oct. 27 (Korea Bizwire) – LG Chem announced on Thursday its intention to establish a plastic circulation system by producing eco-friendly plasticizer, a key ingredient in flooring materials, using discarded PET bottles from everyday life.
A plasticizer is a vital additive that enhances the flexibility and elasticity of PVC, primarily used in the production of flooring materials and car seats. LG Chem highlighted that this newly developed eco-friendly plasticizer can significantly reduce carbon emissions during production compared to conventional plasticizers.
LG Chem is set to initiate full-scale production of the eco-friendly plasticizer starting in December. As global efforts to tighten plastic-related policies continue, the eco-friendly market is expanding. In some U.S. states, the mandatory requirement for the use of recyclable materials is being increased from the current 15 percent to 30 percent by 2030.
LG Chem’s eco-friendly plasticizer was developed in response to requests from a major client focused on North American shipments. In order to lead in the eco-friendly market, LG Chem has obtained the U.S. Global Recycled Standard (GRS) certification, which certifies eco-friendly products containing more than 20 percent recycled materials. Major flooring and textile companies in North America adhere to GRS standards.
Han Dong-yeob, head of the PVC and Plasticizer Division at LG Chem, stated, “We will expedite ESG innovation by continuously expanding our eco-friendly product portfolio, including the newly introduced eco-friendly plasticizer and our existing recycled PVC products.”
As part of its sustainable management strategy, LG Chem has introduced diapers made from bio-based materials and developed eco-friendly remote controllers and set-top boxes using recycled plastics. In March, LG Chem broke ground for the construction of a supercritical pyrolysis oil plant, emphasizing its commitment to carbon neutrality and responsible resource circulation practices.
Kevin Lee (kevinlee@koreabizwire.com)
