LG Chem Collaborates with Gevo for Bio-based Plastic

Bio-Propylene LG Chem Collaborates with Gevo for Bio-based Plastic

2023-04-21 Source: Press release Ahlam Rais 2 min Reading Time

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Under a joint development agreement between LG Chem and Gevo, both the firms will work together to develop a technology that produces 100 % bio-propylene from renewable sources of carbohydrates such as corn.

Through the JDA, the companies expect to produce bio-propylene with bio-ethanol produced from carbohydrates including corn and sugarcane.(Source: LG Chem) — Through the JDA, the companies expect to produce bio-propylene with bio-ethanol produced from carbohydrates including corn and sugarcane.
(Source: LG Chem)

Seoul/South Korea – LG Chem will jointly develop the technology that creates 100 % bio-based plastic from renewable sources of carbohydrates such as corn, with Gevo, a North American eco-friendly renewable fuel company. Through the joint development agreement (JDA), the companies expect to produce bio-propylene with bio-ethanol produced from carbohydrates including corn and sugarcane.

Under the terms of the agreement, Gevo will provide LG Chem with the source technology, ETO (Ethanol to Olefins), required for production of propylene from ethanol, and together with Gevo, LG Chem will verify and advance the technology through technical scale-up, pilot research, and commercialization. Except for the commercialization of a technology that produces bio-ethylene with bio-ethanol, there hasn’t been a commercialized case where bio-propylene is delivered with ETO technology. The companies plan to lead the emerging bioplastic market by successfully promoting technology development in a short time.

According to an industry source, bio-based plastic production in 2022 marked 4.5 million tons, with an expected compound annual growth rate of 14 % up until 2027. Bio-propylene can be used as an eco-friendly raw material for various plastic products, and is expected to play a pivotal role in the rapid growth of the bioplastic market.

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Once bio-propylene is developed, products based on fossil fuels, such as automobile interiors and exteriors, flooring, and diapers, can be entirely replaced and produced with bio-based raw materials. Furthermore, compared to the existing products, up to 90 % or greater carbon reductions are expected using Gevo’s technology.

Dr. Paul D. Bloom, Chief Carbon and Innovation Officer of Gevo, mentioned, “Our partnership with LG Chem is a great example of how we intend to accelerate development and commercialization of our innovative ETO technology to enable renewable chemicals with our world class partner while Gevo plans to deploy the technology to lower the cost and carbon intensity for sustainable aviation fuel (SAF) and other drop-in fuels like renewable diesel.”

Noh Kug-Lae, President of LG Chem’s Petrochemicals Business, stressed, “This JDA with Gevo helps LG Chem to expand sustainable and eco-friendly future businesses by reinforcing our business portfolio centered on bio-based raw materials.”

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