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Korea’s LG Chem to ship first bio-based phenol, acetone

  • Mercados: Petrochemicals
  • 21/07/22

South Korean petrochemical producer LG Chem will ship its first bio-based phenol and acetone to a German renewable polymer producer.

LG Chem will export 4,000t of phenol and 1,200t of acetone from its Daesan plant to the Chinese and Thai factories of the German producer for polycarbonate production. The German producer was not identified by LG Chem. It also did not provide other details such as when exactly the shipment will be delivered to the German producer.

The phenol and acetone are produced from bio-feedstock such as waste cooking oil and biomass. The products are certified under the International Sustainability and Carbon Certification (ISCC) system and mark the highest volume of ISCC-certified products ever exported from South Korea, according to LG Chem.

LG Chem's Daesan plant has a phenol capacity of 300,000 t/yr, Argus data show, although its acetone production capacity is unclear.

The firm announced plans in 2020 to switch from fossil to renewable feedstock from Finnish refiner Neste by the second half of 2021 for the manufacturing of chemical products.


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