LG Chem Gathers Innovative Technology Ideas from Global Startups

The 1st Global Innovation Challenge Held

[Asia Economy Reporter Oh Hyung-gil] LG Chem announced on the 16th that it will hold the '1st Global Innovation Challenge' targeting global startups to secure future growth engines.

They plan to expand the existing industry-academia cooperation open innovation to the global startup sector, proactively secure promising future technologies, support commercialization, and accelerate their rapid integration into business.

From today until May 1st, innovative technology ideas will be accepted in a total of four fields: eco-friendly plastics, renewable hydrogen, carbon capture and utilization, and next-generation battery materials. Any startup can participate.

The eco-friendly plastics field focuses on biodegradable materials, recycled plastics, bio-based raw materials, etc., aimed at developing sustainable plastics that protect the environment and society and establishing a resource circulation ecosystem.

The renewable hydrogen field covers green and blue hydrogen production, hydrogen utilization, and application technologies, while the carbon capture and utilization field targets technologies related to carbon raw material and fuel conversion processes, and credit development through carbon mineralization.

The next-generation battery materials field seeks ideas that can reduce carbon emissions compared to existing methods across the entire value chain from raw materials to battery production and disposal, including waste battery recycling technologies and eco-friendly process technologies.

An LG Chem official stated, "We plan to form an internal expert group for open innovation in the US, Europe, and Korea, focusing on selecting startups that align with the company's mid- to long-term strategy and can create practical synergy with existing businesses."

This content was produced with the assistance of AI translation services.