LG Chem-Samhwa Paint Join Hands to Turn Waste Plastic into Eco-Friendly Paint

LG Chem is targeting the eco-friendly paint market using raw materials derived from waste plastics.

On the 8th, LG Chem announced that it signed a business agreement with Samhwa Paint at the LG Twin Towers in Yeouido to supply chemically recycled raw materials based on waste plastics. According to the agreement, LG Chem will supply eco-friendly recycled raw materials, and Samhwa Paint will produce coatings for mobile devices and supply them to mobile phone manufacturers.

On the 8th, LG Chem signed a business agreement with Samhwa Paint at the LG Twin Towers in Yeouido for the supply of chemically recycled raw materials based on waste plastics. Song Byung-geun, Head of LG Chem's Acrylic Business Division (left), and Ryu Ki-bung, CEO of Samhwa Paint, are taking a commemorative photo.

Starting with the supply of paint raw materials, LG Chem plans to increase chemically recycled products from waste plastics. By next year, it will build a 20,000-ton-scale pyrolysis oil plant in Dangjin, Chungnam Province.

As plastic-related policies are being strengthened worldwide, the eco-friendly market, including waste plastic recycling, is continuously growing. The EU (European Union) has introduced a plastic tax on plastics that cannot be recycled, and some states in the U.S. are implementing policies to expand the mandatory use of recycled materials in the manufacture of single-use products from the current 15% to 30% by 2030.

Rokurae Noh, Head of the Petrochemical Division at LG Chem, said, "We will continue to expand waste plastic recycled products for a better future for our customers."

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