Plastic has been a useful material for human life, but plastic is non-biodegradable and does not decompose. Plastic waste is increasingly abundant and having a negative impact on our oceans and wildlife health. The traditional linear economy, which consumes resources on a single-use basis, is no longer sustainable. Instead, re-sourcing waste in a circular economy reduces natural resource consumption and waste, thereby improving sustainable environment. It can also contribute to the reduction of carbon generated in the process of mining new resources and disposal of waste through the circular economy.
Resource virtuous cycle activities and ecosystem protection
LG Chem produces post consumer recycled plastics (PCR) that recycle waste plastics as raw materials to reduce the plastic waste that are buried and incinerated. We are also establishing a virtuous circulation of resources by reducing the use of existing fossil fuel-based raw materials. Plastic recycling is largely divided into mechanical recycling and chemical recycling
Mechanical recycling is a method of separating, sorting, and shredding plastic waste, then introducing it into existing processes to recreate plastic products. Currently , LG Chem produces PCR products with high waste plastic content in ABS and PC products, and has succeeded in improving quality by producing white plastic. In the future, LG Chem will further expand the PCR product range to include PO and PVC. For chemical recycling, the chemical conversion of waste plastics back to raw materials such as conventional naptha can achieve equal quality to conventional raw materials, although it requires high investment costs and high technical advancement.
LG Chem aims to establish chemical recycling as our mid- to long-term strategy, securing technology and promoting product commercialization through various partnerships.
Plastic waste is a global challenge, especially if it ends up in the oceans and fragmented into microplastics and degrade over centuries. LG Chem takes plastic wastes seriously and seeks to protect the ecosystem and enhance environmental sustainability by developing biodegradable plastics.
LG Chem is pursuing ‘Zero Waste to Landfill’ from our business sites to reduce waste and increase its recycling rates. The electric vehicle battery production subsidiary (LGESMI) in Michigan has received ‘Zero Waste to Landfill Certification’ from NSF International in the United States by recycling more than 90% of its production waste.
LG Chem is adopting compulsory zero waste landfill policy in new locations, and this will be aso applied sequentially to existing sites. This will also contribute to reduction in carbon emissions by reducing and recycling waste from the business site.
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