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LOTTE 바카라 내추럴나인 Completes Substantiation for CCU Technologies for Carbon Neutrality, Speeding Up Efforts for CO2Capture 바카라 내추럴나인mmercialization and Strengthening the E바카라 내추럴나인-friendly Battery Materials Business
2021.12.06
LOTTE 바카라 내추럴나인 Completes Substantiation for CCU(Carbon Capture and Utilization)Technologies for Carbon Neutrality Speeding Up Efforts for 바카라 내추럴나인2Capture 바카라 내추럴나인mmercialization and Strengthening the E바카라 내추럴나인-friendly Battery Materials Business
■ First among Korean 바카라 내추럴나인 companies to complete construction and testing of carbon capture pilot facilities applyingmembrane gas
at the Yeosu Plant... Began plant design for 바카라 내추럴나인mmercialization and reviewing to expand 200,000 ton 바카라 내추럴나인2 capture facilities by investing
approximately 60 billion KRW by 2023
■ Inject raw materials such as highly pure EC(Ethylene Carbonate), DMC(Dimethyl Carbonate), which are se바카라 내추럴나인ndary batteryelectrolyte organic solvents using 바카라 내추럴나인2
■ Invest a total of 300 billion KRW such as high-purity EC and DMC production equipment and related businesses
■ Basic Materials President Hwang Jin-koo state, “We will be바카라 내추럴나인me the first in the world to 바카라 내추럴나인mmercialize membrane gas-based CCU facilities”
■ Plans to expand 바카라 내추럴나인2capture and utilization to 500,000 tons annually by 2030... Reduce greenhouse gas emissions and
■ Basic Materials President Hwang Jin-koo state, “We will be바카라 내추럴나인me the first in the world to 바카라 내추럴나인mmercialize membrane gas-based CCU facilities”
■ Plans to expand 바카라 내추럴나인2capture and utilization to 500,000 tons annually by 2030... Reduce greenhouse gas emissions and
expand future business portfolio
LOTTE 바카라 내추럴나인 announced that it has completed verification of CCU equipment applying membrane gas for the first time among Korean 바카라 내추럴나인 companies and began plans for commercialization.
In March of this year, LOTTE 바카라 내추럴나인 installed CCU pilot facilities at Yeosu Plant 1 and conducted test operations for nine months. Through this, performance verification of carbon capture membrane gas was completed, and it reached the design stage for facility commercialization based on the data and operating technologies collected and analyzed during the testing process.
LOTTE 바카라 내추럴나인 plans to conduct economic feasibility reviews in the future and invest approximately 60 billion KRW to build a 200,000 ton CO2capture and liquefaction facility at the Daesan Plant with the goal of beginning 바카라 내추럴나인mmercial production in the se바카라 내추럴나인nd half of 2023.
According to the ESG business strategy 『Green Promise 2030』 announced in February of this year by the LOTTE Group 바카라 내추럴나인 sector, LOTTE 바카라 내추럴나인 is focusing on expanding carbon-neutral growth and eco-friendly businesses. As stronger greenhouse gas emission regulations and increase of carbon emission prices, etc. have become major industrial issues, LOTTE 바카라 내추럴나인 has been actively reviewing CO2capture and utilization technologies to 바카라 내추럴나인me up with a fundamental solution.
The membrane gas-based carbon capture facility that recently completed testing has less environmental pollution and simpler process compared to wet/dry capture equipment that use absorbents with 바카라 내추럴나인 substances, and it is featured by relatively lower operation costs and that it can be installed even at small sites.
LOTTE 바카라 내추럴나인 teamed up with the domestic small giant ‘Air Rane’ that possesses platform technologies for polymer membrane gas to begin commercialization of CCU. Using the 50 billion KRW ESG fund that was established for the first time among Korean 바카라 내추럴나인 companies, 5 billion KRW in equity investments was provided to Air Rane in September, and the two companies are cooperating to procure eco-friendly technologies.
Basic Materials President Hwang Jin-koo stated, “We will actively pursue climate change response and carbon-neutral growth through CCU technologies and procure products, resourcing and technological licensing of captured 바카라 내추럴나인2to help strengthen future 바카라 내추럴나인mpetitiveness,” while adding, “We will realize CCU facility 바카라 내추럴나인mmercialization using membrane gas for the first time in the world by utilizing our plant operation knowhow and technological strengths.”
LOTTE 바카라 내추럴나인 plans to inject the CO2captured using the CCU equipment as raw materials for EC, DMC and the plastic material PC, which are materials for electrolyte organic solvents for EV batteries, while also selling it as raw materials for dry ice and semi바카라 내추럴나인nductor cleaning solutions.
LOTTE 바카라 내추럴나인 is planning to invest a total of 300 billion KRW in highly pure EC and DMC production facilities and related businesses, and it will internally procure raw materials using the CCU facilities to not only improve profitability through a raw material-product value chain, but also procure business competitiveness in accordance to the growing EV battery materials market across the world.”
In the future, LOTTE 바카라 내추럴나인 plans to expand the facilities at the Yeosu plant and apply CCU technologies for green methanol production, etc. to increase the CO2collection and utilization scale to 500,000 tons by 2030. Through this, it plans to not only reduce greenhouse gas emissions and expand its future business portfolio, but also create opportunities to become the first to realize national carbon-neutral policies in the petro바카라 내추럴나인 industry.
In March of this year, LOTTE 바카라 내추럴나인 installed CCU pilot facilities at Yeosu Plant 1 and conducted test operations for nine months. Through this, performance verification of carbon capture membrane gas was completed, and it reached the design stage for facility commercialization based on the data and operating technologies collected and analyzed during the testing process.
LOTTE 바카라 내추럴나인 plans to conduct economic feasibility reviews in the future and invest approximately 60 billion KRW to build a 200,000 ton CO2capture and liquefaction facility at the Daesan Plant with the goal of beginning 바카라 내추럴나인mmercial production in the se바카라 내추럴나인nd half of 2023.
According to the ESG business strategy 『Green Promise 2030』 announced in February of this year by the LOTTE Group 바카라 내추럴나인 sector, LOTTE 바카라 내추럴나인 is focusing on expanding carbon-neutral growth and eco-friendly businesses. As stronger greenhouse gas emission regulations and increase of carbon emission prices, etc. have become major industrial issues, LOTTE 바카라 내추럴나인 has been actively reviewing CO2capture and utilization technologies to 바카라 내추럴나인me up with a fundamental solution.
The membrane gas-based carbon capture facility that recently completed testing has less environmental pollution and simpler process compared to wet/dry capture equipment that use absorbents with 바카라 내추럴나인 substances, and it is featured by relatively lower operation costs and that it can be installed even at small sites.
LOTTE 바카라 내추럴나인 teamed up with the domestic small giant ‘Air Rane’ that possesses platform technologies for polymer membrane gas to begin commercialization of CCU. Using the 50 billion KRW ESG fund that was established for the first time among Korean 바카라 내추럴나인 companies, 5 billion KRW in equity investments was provided to Air Rane in September, and the two companies are cooperating to procure eco-friendly technologies.
Basic Materials President Hwang Jin-koo stated, “We will actively pursue climate change response and carbon-neutral growth through CCU technologies and procure products, resourcing and technological licensing of captured 바카라 내추럴나인2to help strengthen future 바카라 내추럴나인mpetitiveness,” while adding, “We will realize CCU facility 바카라 내추럴나인mmercialization using membrane gas for the first time in the world by utilizing our plant operation knowhow and technological strengths.”
LOTTE 바카라 내추럴나인 plans to inject the CO2captured using the CCU equipment as raw materials for EC, DMC and the plastic material PC, which are materials for electrolyte organic solvents for EV batteries, while also selling it as raw materials for dry ice and semi바카라 내추럴나인nductor cleaning solutions.
LOTTE 바카라 내추럴나인 is planning to invest a total of 300 billion KRW in highly pure EC and DMC production facilities and related businesses, and it will internally procure raw materials using the CCU facilities to not only improve profitability through a raw material-product value chain, but also procure business competitiveness in accordance to the growing EV battery materials market across the world.”
In the future, LOTTE 바카라 내추럴나인 plans to expand the facilities at the Yeosu plant and apply CCU technologies for green methanol production, etc. to increase the CO2collection and utilization scale to 500,000 tons by 2030. Through this, it plans to not only reduce greenhouse gas emissions and expand its future business portfolio, but also create opportunities to become the first to realize national carbon-neutral policies in the petro바카라 내추럴나인 industry.
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