LG Chem, Volkswagen Forge Eco-Friendly Materials Pact

LG Chem and Volkswagen Group have entered into a memorandum of understanding (MOU) to collaborate on developing and expanding the use of next-generation, eco-friendly materials for the future of mobility. The signing event took place at LG Twin Towers in Yeouido, Seoul, with key executives from both companies in attendance.

The partnership will focus on joint research for vehicle lightweighting and performance improvement, with an emphasis on LG Chem's flagship products, ABS (high value-added synthetic resin) and EP (engineering plastics). These high-performance materials are known for their excellent impact strength and durability, and are widely used in both home appliances and automotive interior and exterior components.

Through this collaboration, the two companies aim to work closely from the development stage of next-generation plastics and composite materials, with a goal of accelerating the introduction of eco-friendly materials. They will also review plans to apply LG Chem's recycled (PCR) materials to various interior and exterior materials of Volkswagen Group's major brands.

Before finalizing the agreement, executives from Volkswagen Group toured LG's facilities, including the Osan CS Campus and booths showcasing circular economy, electrification, and high-performance solutions. They then visited LG Sciencepark in Magok to learn about LG Group's future growth technologies and mobility research and development capabilities.

Discussions centered on specific cooperation plans and plans for future practical research and development cooperation, such as sharing insights into global market trends and evaluating the feasibility of applying specific materials.