The Korea Institute of Science and Technology (KIST) and LG Chem will develop and commercialise technologies such as carbon capture & utilisation (CCU) and hydrogen for achieving carbon neutrality.
KIST has expertise in CCU and hydrogen life cycle technologies and has been involved in several projects covering PEM technology, carbon to X technology and LOHC based technology. LG Chem has expertise in commercialising technologies such as scale-up of carbon-neutral technologies.
Under the Memorandum of Understanding (MoU), both partners will explore potential areas to work together on targeting areas such as converting CO₂ to produce high-value compounds, e.g. biodegradable plastics, carbon monoxide (CO). If commercialised, highly functional biodegradable plastic would reduce carbon emissions and solve the plastic waste problem. Similarly, carbon monoxide would be used to produce syngas for the production of chemical products. They will also work on technologies to produce green hydrogen without CO₂ emissions using compounds and utilising raw materials and thermal/electric energy.
The partners will pursue their collaboration through joint participation in national policy projects, establish a joint research centre, foster human resources, and work on other research projects.
Seok-Jin, KIST President Yoon, said, “It is now time for the outstanding research achievements researched and developed by KIST for the goal of carbon neutrality to come out of the lab and be applied in actual industrial sites to overcome this time of national crisis.”
Yu Jiyung, Chief Technology Officer at LG Chem, said that through this MOU with KIST, we now have the bridgehead for the early procurement of platform and commercialisation technologies related to CCU and hydrogen energy needing R&D for the long run.