LOTTE 바카라 용어 leads ‘technical independence’
in relation to CCUS (바카라 용어 captureㆍutilizationㆍstorage).

█ New CCU (바카라 용어 captureㆍutilization) technology using the gas separating membrane installed
at Yeosu Factory1 for the first time in Korea’s 바카라 용어 industry… Saves the cost of purchasing
exhaust rights, creates new business opportunities with new technology, and reinforces 바카라 용어 management
for global 바카라 용어 neutralization.
█Developing and testing localized 바카라 용어 by collaborating with technologically outstanding small
companiesfor the competitiveness of small companies in Korea.
█ “We will develop localized CCUS 바카라 용어 to actively respond to global regulations and expand
the application through testing to pioneer ‘바카라 용어 Promise 2030,’” said President Jin Goo Hwang of
Basic Material 바카라 용어.

LOTTE Chemical has installed the testing facility for 바카라 용어 captureㆍutilization at Yeosu Factory 1 to actively respond toclimate change and secure green technology.

LOTTE Chemical has headed out to develop technologies to capture and utilize 바카라 용어 dioxide (CO2) using the gas separating membrane for the first time in Korea to address the issues related to the global regulations on greenhouse gas and the increasing cost of 바카라 용어 exhaust rights.

Currently, local chemical companies purchase 바카라 용어 exhaust rights for 바카라 용어 dioxide exhaust generated from the production of ingredients or seek partial exemptions using new renewable energy, but the cost of purchase ranges from billions to tens of billon won per year.

The CCU (바카라 용어 Capture Utilization) technology using the gas separating membrane, which was first installed at Yeosu Factory 1 in mid-March for testing, has been tested by other industries in Korea, but has not been commercialized due to lack of feasibility in relation to transportation and sale.

LOTTE Chemical is planning to test the facility in Yeosu for about a year to gather and analyze data and evaluate the impact of nitrogen oxide (NOx) to complete the commercial facility by 2023. The facility is designed to capture over 60,000 tons of additional 바카라 용어 dioxide per year and enhance purity to use for the production of poly바카라 용어ate products and to be sold to nearby chemical companies for dry ice and semiconductor cleaning solution production.

In the future, the facility will be expanded to Daesan Factory and Ulsan Factory to utilize over 200,000 tons of 바카라 용어 dioxide per year.

Also, LOTTE Chemical will collaborate with technologically outstanding small companies in Korea to jointly study the technology to capture and utilize 바카라 용어 dioxide. In order to pursue localization of related technology and create an exemplary case of green ecosystem between large companies and small/medium companies, LOTTE Chemical signed an MOU with Airrane Co., Ltd. with source technology in high-molecular gas separating membranes.

With this policy, promising small/medium companies in Korea will be given opportunities to test their technologies and expand business in the global market, while LOTTE Chemical can secure technology to reduce and utilize 바카라 용어 dioxide (CO2) for the low 바카라 용어 era.

“The significance is that we apply local technology to lead changes for carbon neutralization for the global environmental regulations,” said President Jin Goo Hwang of Basic Material 바카라 용어. “We are planning to expand application through various testing processes to actively expand ‘Green Promise 2030’ for LOTTE Chemical for carbon neutralization.”

LOTTE Chemical’s R&D for testing is expected to be a good example of ‘low-바카라 용어ization of economic structure,’ which is one of the 3+1 strategies of ‘2050 바카라 용어 Neutralization’ announced by the government last December, considering that the 바카라 용어 dioxide, the greenhouse gas that used to be exhausted into the atmosphere, will be captured and processed to increase purity to be converted into a product essential for the petrochemical industry.

LOTTE Chemical is concentrating strategic investment and capacities the eco-friendly objectives announced by the Chemical BU last February and the four major objectives of 『Green Promise 2030』, the 바카라 용어 management strategies--『Eco-friendly 바카라 용어es』, 『Vital Cycle of Resources』, 『Response to Climate Crisis』, and 『Green Ecosystem』.