‘Green Technology Certification’ Lotte Aluminum Receives Minister of Trade, Industry and Energy Award

Reducing 570 Tons of Solvents Annually Using Green Technology
Eco-Friendly Achievements Including Carbon Reduction Equivalent to 68,610 kg per Year
Expanding Group's Green Product Packaging to 50% by 2025

On the 23rd, at the '2022 Korea Technology Commercialization Awards Ceremony' held at Lotte Tower in Songpa-gu, Seoul, Cho Hyun-chul, CEO of Lotte Aluminum (fourth from the left), is taking a commemorative photo. Photo by Lotte Aluminum

[Asia Economy Reporter Choi Seoyoon] On the 24th, Lotte Aluminum announced that it received the Minister of Trade, Industry and Energy Award at the ‘2022 Korea Technology Commercialization Expo’ held the previous day, hosted by the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology, in recognition of its carbon reduction effects through green technology.

As part of its ESG (Environmental, Social, and Governance) management policy, Lotte Aluminum contributed to significantly expanding the proportion of green product packaging used by group affiliates such as Lotte Confectionery and Lotte Foods from 0.4% to 10.2% by utilizing its proprietary green technology.

The representative green technology owned by Lotte Aluminum is a packaging manufacturing technology that uses eco-friendly ethanol solvents instead of harmful solvents. This technology was applied to packaging materials for Lotte Confectionery’s main products such as Mongshell, Almond Pepero, World Cone, Kkokkalcorn, Cheetos, and Papico. Through this, it achieved an annual solvent savings of 570 tons.

In particular, it achieved eco-friendly results including a 30.4% reduction in electric energy consumption through unification of the lamination process, a 30.1% reduction in raw material loss rate, and an annual carbon reduction equivalent to approximately 68,610 kg. This effect is comparable to planting 10,395 pine trees.

Recently, the company has been actively promoting the reduction of harmful solvents and sales expansion by expanding items and materials using green technology in film-type packaging to gum inclusions, ice cream products, and ramen packaging. The plan is to increase the use of green product packaging in group companies to 50% by 2025 and to expand eco-friendly sales by securing additional new clients.

Cho Hyun-chul, CEO of Lotte Aluminum, stated, “We are pleased that the award from the Ministry of Trade, Industry and Energy has become an opportunity for our efforts in the eco-friendly packaging industry utilizing green certification to be recognized externally. We will continue to strive to enhance corporate value through the practice of ESG management and sustainable development.”

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