LG Chem intends to achieve carbon-neutral growth by 2050. It is the first South Korean chemical firm to announce plans to be carbon neutral. Carbon-neutral growth refers to a decrease of net emissions to zero by performing reduction activities equivalent to the increase in carbon emissions caused by business growth.
LG Chem has decided to curb annual carbon emissions to 10 million metric tons (MMt) by 2050, which is the level of its emissions in 2019. The company plans to execute the renewable energy 100 program (RE100) at all its business sites worldwide.
LG Chem plans to reduce more than 60 percent of its projected carbon emissions in 50 years and plans to implement a mid-to-long-term strategy that considers renewable energy supply and demand, and country-specific systems.
LG Chem also plans to build a circular-economy system that recycles products as well as waste discharged from its business sites. LG Chem has also decided to reuse and recycle waste batteries. It is developing technologies to predict batteries' remaining life and plans to open an energy storage system demonstration facility for electric vehicle charging stations.
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Published on July 7, 2020 4:46 PM (GMT+8)Last Updated on July 7, 2020 4:46 PM (GMT+8)
