Lotte Group Chemical Division Holds First 'R&D Conference' Since Inception

Invitation of 50 Research Personnel and Science & Engineering PhD Researchers
Sharing Achievements and Future Vision in Chemistry Field

On the 6th, Lotte Group's Chemical Division announced on the 7th that it invited over 50 doctoral researchers from major domestic universities in science and engineering fields to the Daejeon Comprehensive Technology Institute to share research achievements and future visions.

The '2030 Lotte Chemical Division R&D Conference,' held for the first time since the launch of the Chemical Division, was attended by Lee Young-jun, CEO of Lotte Chemical Advanced Materials Business, and related research personnel.

They explained and shared eco-friendly material technologies including physical and chemical recycling technologies, as well as future growth engine technologies such as battery materials and hydrogen energy.

Lotte Chemical is developing technologies to expand product areas of basic, advanced, and fine chemical materials centered on three research institutes: the Daejeon Comprehensive Technology Institute, Uiwang Advanced Materials Research Center, and Seoul Magok Innovation Center.

Lotte Group's Chemical Division hosted an event on the 6th, inviting over 50 doctoral researchers from major domestic universities in science and engineering to share the division's research achievements and future vision. (From left) Hwang Min-jae, Head of the General Technology Institute at Lotte Chemical; Lee Young-jun, Head of Advanced Materials Business at Lotte Chemical; Lee Young-jae, Head of HR for Basic Materials Business at Lotte Chemical.
[Photo by Lotte Chemical]

Lotte Chemical stated, "Lotte Group's Chemical Division is expanding its R&D direction by concretizing existing and future business promotion items."

It added, "According to the group vision 'Every Step for Green,' which means moving forward together toward a greener world, there is a plan to increase core research personnel by 2030 to enhance future technological capabilities and secure technologies for new business entry."

In January last year, Lotte Chemical established the 'Carbon Neutral Research Center' together with KAIST, the nation's top scientific talent nurturing institution. By investing a total of 2 billion KRW in research funds by 2024, they are conducting research on selected tasks including ▲clean hydrogen production through pyrolysis and water electrolysis of waste plastics ▲eco-friendly naphtha production technology ▲development of new materials for next-generation batteries ▲optimization of clean hydrogen production costs and reduction of carbon emissions through life cycle assessment (LCA) and economic feasibility analysis.

In August last year, to achieve the '2030 Vision - Carbon Reduction Growth,' they launched the LINK (LOTTE Innovation Network) project, which proactively secures future technologies necessary for business through open innovation research activities with universities, research institutes, companies, and experts, and achieves technology expansion through cooperation between non-adjacent industries.

Current Status of Lotte Chemical Research Institute
[Image provided by Lotte Chemical]

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