23 articles
LG Chem signed an MOU with Jianghua Micro to establish a local supply chain for high-purity isopropyl alcohol (IPA) in China. The agreement involves supplying propylene-based IPA feedstock for purific
LG Chem and Jianghua Micro signed an MOU to jointly develop high-purity isopropyl alcohol (HP-IPA) for China's semiconductor cleaning market. LG will supply C3-IPA raw materials to establish a localiz
Global chemical leaders like BASF and LG Chem are maintaining high R&D spending and adopting AI for material innovation despite market downturns. Strategic restructuring aims to boost efficiency and a
LG Chem's petrochemical division posted a net profit of 427 billion KRW in Q2, reversing a prior-year loss. The turnaround was driven by inventory lag effects and widened product spreads despite tempo
LG Chem reported a Q2 petchem net profit of 427 billion won, reversing last year's loss driven by inventory effects. Future profitability faces pressure from declining feedstock prices and higher logi
LG Chem has commenced mass supply of semiconductor stripping solutions to Amkor Technology, cutting residue removal time by approximately 50%. This collaboration aligns with LG Chem's plan to double i
LG Chem plans to invest $9.7 billion in R&D by 2035 to refine its profit structure amid slowing profitability in its traditional chemical business. The initiative aims to secure future growth despite
LG Chem announces strategic pivot to semiconductor, mobility, robotics materials, and anti-cancer drugs amid shrinking chemical profits. Plans 15 trillion KRW R&D by 2035, targeting 2 trillion KRW in
LG Chem plans to invest 15 trillion KRW in R&D by 2035, targeting AI materials, semiconductors, mobility, and pharma to enhance competitiveness and achieve double-digit margins by 2030.
The CW75 index increased 1.97% for the week ended June 16, marking its first weekly gain since May and outperforming the S&P 500. LG Chem shares rose during the week, recouping earlier losses.
Asian petrochemical stocks surged after a US-Iran peace deal signaled the reopening of the Strait of Hormuz, easing feedstock shortages and lowering oil prices. Major firms like Mitsui Chemicals and L
Amidst Middle East conflicts disrupting naphtha supplies, major South Korean petrochemical firms including LG Chem have cut production or shut units. The government responded by classifying naphtha as
LG Chem shut down its No. 2 steam cracker, cutting $1.7 billion in sales and reducing annual revenue by 5%. This shutdown significantly impacts petrochemical supply capacity.
LG Chem retracted its force majeure claim for March–April shipments, whereas Lotte Chemical warned of potential force majeure on monomer output.
LG Chem warns of potential force majeure as Strait of Hormuz blockades threaten naphtha supplies, while KPIC reduces cracker operations at Onsan due to feedstock concerns.
LG Chem announced force majeure on DOTP exports due to geopolitical disruptions affecting OXO alcohol production and raw material supplies. Asian DOTP prices rose by $75 per ton week-on-week following
LG Chem declared force majeure on DOTP exports due to geopolitical tensions affecting naphtha and propylene supply, causing a $75/mt weekly price rise in Asia.
LG Chem plans to reduce cracker run rates to 60% and may shut down its Yeosu No. 2 cracker unit. This operational adjustment signals a significant reduction in petrochemical production capacity.
Activist investor Palliser urged LG Chem directors to improve share performance by increasing sales of its majority stake in EV battery giant LG Energy Solution. This call comes amid concerns over the
LG Chem reported a widened Q4 2025 net loss of 1.57 trillion KRW due to petrochemical market weakness. Despite lower 2026 sales forecasts, the company plans to improve profitability via cost cuts and
LG Chem reported widening petrochemical losses in Q4 attributed to narrowing margins and one-off overseas costs amid increased regional competition.
LG Chem and Jiangsu Yinglian established a joint lab to develop innovative polymer materials for lithium battery composite current collectors. The partnership aims to enhance battery safety and energy
Gevo announced a US patent for its ethanol-to-olefins technology used in sustainable aviation fuel production. The process reduces capital and operating costs by 35% and involves partnerships with LG
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