Hanwha General Chemical Changes Name to Impact

[Asia Economy Reporter Choi Dae-yeol] Hanwha General Chemical announced on the 6th that it has changed its company name to Hanwha Impact. The company explained that the new name reflects its vision to "create a positive impact on humanity and the planet through technological innovation and lead a sustainable future." Impact investing refers to a socially responsible investment approach that invests in businesses or companies that have a positive effect on society or the environment, in addition to seeking financial returns.

The company emphasized that it has invested in hydrogen-centered eco-friendly energy, next-generation mobility, bio and information technology (IT) convergence, and next-generation data storage technologies. It acquired U.S.-based PSM and Netherlands-based Thomassen Energy, both possessing hydrogen co-firing technology, and invested in Inari Agriculture, an agricultural technology company utilizing next-generation gene editing technology. This company uses artificial intelligence (AI) and gene editing technology to develop seeds that reduce water and fertilizer usage by 40%, thereby lowering carbon emissions while increasing production.

Kim Hee-chul, CEO of Hanwha Impact, stated, "We will lead the transition to eco-friendly energy and a carbon-neutral society, break the mold of traditional industries through innovative activities and new technologies, and drive a sustainable future through continuous investment."

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