LG Chem invests 150 billion won in Korea Battery & ESG Fund
LG Chem invests 150 billion won in Korea Battery & ESG Fund
  • Kevin Lee 기자
  • 승인 2021.05.14 16:07
  • 댓글 0
이 기사를 공유합니다

LG Chem announced on May 11 that it will invest 150 billion KRW as a core investor (Anchor Limited Partner) of the KBE (Korea Battery & ESG) Fund managed by the domestic private equity fund management company, IMM Credit Solution.

This is the first time that LG Chem will invest as a core investor for funds raised by an external asset management company.

Plans are to raise over 400 billion won for the KBE Fund and it will find and invest in domestic companies equipped with technologies and growth potentials in ESG industry-related sectors.

The fields that are preferentially being reviewed for investments are ▲core materials for EV batteries such as cathode and anode material manufacturing, recycling core metals for batteries, etc. and ▲the eco-friendly industry materials sector that includes recycling polymer products such as waste plastics, etc. and biodegradable plastic technologies, etc.

To fast-track ESG management, LG Chem has selected and is fostering ▲battery materials such as cathode materials, etc., ▲ sustainable solutions such as biodegradable plastics, and ▲e-mobility materials such as lightweight and digitalization as next-generation growth engines.

It is also looking to increase its cathode production capacity, which is a key part of battery materials, from 40,000 tons last year to 260,000 tons by 2026.

LG Chem CEO Shin Hak-cheol said, “This investment will become the stepping stone for LG Chem to strengthen the ESG industrial ecosystem together with prospective SMEs and medium-sized corporations, and to continuously discover future growth engines”

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.