LG Chem Opens New Petchem Technology Center in South Korea

LG Chem announced on Thursday it has opened a technical service and development center in Osan, Gyeonggi Province, marking the country’s largest petrochemical technology center.

The company invested 110 billion won ($94.8 million) in establishing the center, it said. The petrochemical tech center is part of LG Chem’s plan to boost its competitiveness in the sector.

The center will be used for developing technical solutions and offering other forms of support for the company’s contractors and clients.

The Pilot building of the center is equipped with production facilities, where both companies and clients can work together on the development of pilot petrochemical products, such as polyolefin, acrylonitrile butadiene styrene copolymer, super absorption polymer and solution styrene butadiene rubber.

The tech center will have more than 60 laboratories to test petrochemical products and 200 researchers, according to the company. “Osan Tech Center has the geographical advantage that will provide easier access to clients flying in from other countries,” said Sohn Ok-dong, president of the petrochemical business of LG Chem. “Together with the center in Huanan, China, the Osan center will serve as the hub for technical services for global petrochemical clients.”