LG Chem Establishes Third Overseas R&D Center in Germany to Focus on Eco-Friendly Technologies

FRANKFURT: LG Chem Ltd., a leading chemical company from South Korea, has announced the opening of its third overseas research and development center, located in Frankfurt, Germany. The Europe Innovation Center aims to advance environment-friendly, next-generation technologies. According to Yonhap News Agency, the newly inaugurated center will concentrate on developing technologies related to next-generation rechargeable batteries, bio chemicals, and recycling. This initiative will involve collaboration with local universities and R and D centers. LG Chem's Chief Technology Officer, Lee Jong-ku, emphasized the company's commitment to enhancing its R and D capabilities to match global top-tier standards, particularly in eco-friendly plastics and battery recycling. The Frankfurt center joins LG Chem's existing overseas R and D facilities in the United States. The Life Science Innovation Center in Boston was established in 2020, followed by the North American Innovation Center last year. These centers form a s trategic network aimed at exploring and expanding environmentally sustainable business opportunities.