South Korean chemicals firm LG Chem Ltd announced over the weekend the opening of a new research and development (R&D) center in Germany, focused on developing next-generation environmentally friendly technologies.
LG Chem is a major supplier of battery cathode materials for the global electric vehicle industry, with multi-billion US$ deals in place to provide materials for global automakers such as Hyundai Motor Group, Toyota, General Motors and battery manufacturer LG Energy Solution.
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The company confirmed that its new Europe Innovation Center, located in Frankfurt, will collaborate with local universities and R&D institutions to develop next-generation materials for rechargeable batteries, recycling technologies and biochemicals.
This is the company’s third overseas R&D centre, following its two facilities in the US: the Life Science Innovation Center in Boston and the North American Innovation Center in Atlanta, Georgia.
LG Chem’s Chief Technology Officer, Lee Jong-ku, said at the opening ceremony: “The company will strengthen its R&D capabilities in environmentally friendly technologies to the level of global top-tier players, with a focus on exploring business opportunities in eco-friendly plastics and battery recycling.”
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