Chem

South Korea’s LG Chem said it had issued new bonds worth US$300m to help improve the competitiveness of its electric vehicle (EV) battery materials business and fund new investments in green businesses. LG Chem, the parent company of, and a key materials supplier to, the second largest EV battery manufacturer LG Energy Solution, said its US dollar denominated bonds have a fixed interest rate of 4.4%. The funds would go into…

South Korea’s Lotte Chemical announced plans to build an electrolyte solvent factory overseas in a joint venture with the US unit of South African petrochemical firm Sasol. The two companies have yet to decide whether to build the plant in Louisiana or in Marl, Germany. The plant would produce electrolyte solvents for lithium ion batteries used in electric vehicles (EVs). The solvents help lithium ion move between battery…

South Korea’s LG Chem Ltd announced it has agreed to establish a joint venture to produce cathode materials for electric vehicle batteries (EVs) in partnership with Tianjin B&M Science and Technology (B&M), a battery materials producer controlled by China’s Zhejiang Huayou Cobalt. The joint venture agreement was signed earlier his week at an event held at LG’s headquarters in Seoul attended by LG Chem CEO Shin…