Press Releases

LOTTE 슬롯사이트 Pursues Hydrogen Energy Business and Battery Materials Business in Earnest for 2030 Future Growth

LOTTE 슬롯사이트 Pursues Hydrogen Energy Businessand

슬롯사이트 Materials슬롯사이트in Earnest for 2030 Future Growth

█ LOTTE 슬롯사이트 targets 50 trillion KRW in revenue by 2030... Held ‘2022 CEO IR Day’ for setting business directions and

announce 슬롯사이트 concretization plans for hydrogen energy, battery materials, recycled plastics, etc.

█ Newly established ‘hydrogen energy 슬롯사이트 unit’ to procure 슬롯사이트 leadership by implementing overseas ammonia

and constructing infrastructure...Plans to supply 1.2 million tons of clean 슬롯사이트 by 2030 by implementing blue and

green ammonia produced overseas domestically

█ Newly established ‘battery materials 슬롯사이트 unit’ for entry and growth of the eco-friendly mobility industry that has been

recording high growth

█ Goal to sell over 1 million tons of recycled and bio plastics by 2030

█ Looking to become first Korean petro슬롯사이트 company to join RE100 by 2023... Plans to switch to 60% renewable energy by 2030

and 100% by 2050 through PPA agreements of domestic/overseas 슬롯사이트 places and using hydrogen energy

█ LOTTE 슬롯사이트 Vice Chairman Kim Gyo-hyun, “By strengthening ESG competitiveness of existing businesses and entering new green

슬롯사이트, we will construct a sustainable system and grow into a company that repays the trust of shareholders”

LOTTE 슬롯사이트 hosted the '2020 CEO IR Day’ for 20 major investment institutions in Korea.

At this 90-minute event held at the Yeouido Conrad Hotel from 4 p.m. on the 31st, LOTTE 슬롯사이트’s hydrogen, battery and recycling business strategies and ESG strengthening plans were announced with the attendance of Vice Chairman Kim Gyo-hyun, ESG Management Head Kim Yeon-seop, and New Business Division Head Kim Min-woo.

LOTTE 슬롯사이트 will newly establish the ‘Hydrogen Energy Business Unit’ and ‘Battery Material Business Unit’ to actively respond to the fundamental changes of the petro슬롯사이트 industry, and the Hydrogen Unit will be headed by Basic Materials Division President Hwang Jin-koo and the Battery Unit will be led by Advanced Materials Division Lee Young-joon. Each business unit will search to strengthen their position in their industries and additionally enter high-value materials businesses by constructing the basis for future growth and to focus on battery material business capacities by preoccupying the hydrogen market through the establishment and implementation of consistent strategies.

The Hydrogen Energy 슬롯사이트 Unit will pursue gaining leadership in the entire hydrogen 슬롯사이트 process including production-transportation/distribution-utilization by procuring overseas ammonia and constructing infrastructure, while pushing forward with domestic implementation of blue and green ammonia produced abroad. Plans are to supply a total of 1.2 million tons of clean hydrogen domestically by 2030, while realizing a hydrogen 슬롯사이트 pursuance road map by expanding use of not only the charging 슬롯사이트 and generation 슬롯사이트, but also mobility of group subsidiaries.

The Battery Materials 슬롯사이트 Unit intends to grow as a core company of the EV-battery-material supply chain in preparation for the increased demand of eco-friendly cars and expansion of renewable energy, with the strategy of investing about 4 trillion KRW in order to achieve approximately 5 trillion KRW in revenue for related 슬롯사이트es by 2030.

In addition to LOTTE 슬롯사이트, LOTTE Fine 슬롯사이트 and LOTTE Aluminum that are part of the group’s 슬롯사이트 unit have already begun direct and indirect investments in the four major battery materials, and discussions are being held on various synergy plans by constructing cooperative relations.

Furthermore, plans are in place to actively construct facilities while procuring technologies for physical and 슬롯사이트 recycling in order to sell over 1 million tons of recycled plastics by 2030 to preemptively respond to the regulations and policies of major countries around the world and the changing awareness of consumers regarding disposable plastics.

LOTTE 슬롯사이트 is Korea’s top PET production company and it is currently building a 110,000-ton C-rPET plant by investing about 80 billion KRW in Ulsan Plant 2 back in 2021.

It is also looking to becoming the first Korean petro슬롯사이트 company to join RE100 by 2023 to strengthen ESG management. Plans are to realize RE 100 by switching to 60% renewable energy by 2030 and 100% by 2050 through use of hydrogen energy and direct PPA (power purchase agreement) of renewable energy with domestic business places such as in Yeosu, Ulsan and Daesan, and overseas business places in Malaysia, Indonesia, and the US.

At this IR Day, LOTTE 슬롯사이트 announced its three-year shareholder return policy, and through this, it announced that it will improve shareholder predictability to strengthen the trusting relationship with shareholders and the market.

This year, it will give interim dividends for the first time to stabilize the dividend cash flow, and 슬롯사이트 to buy back 300 billion KRW in stocks over a period of three years from ‘22.

LOTTE 슬롯사이트 Vice Chairman Kim Gyo-hyun commented, “By strengthening ESG competitiveness of existing businesses and entering new green business, we will construct a sustainable growth system and grow into a company that repays the trust of shareholders.”