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Korean company SKC announced plans to build the world's largest biodegradable plastic plant in Vietnam, with an annual production capacity of up to 70,000 tons.
Companies are tapping into the biodegradable plastic market as regulations and eco-friendly consumers call for plastic substitutes.
LG Chem and Chicago-based Archer Daniels Midland have reached an agreement in principle to jointly build a poly lactic acid (PLA) factory in a move to produce biodegradable plastics that are made from fermented corn starch.
LG Chem is investing 2.6 trillion won ($2.2 billion) through 2028 to ramp up production of eco-friendly materials in Korea.
Waste from packaging — plastic, vinyl and Styrofoam — is overwhelming the environment as delivery booms in the age of Covid-19.
Korea JoongAng Daily Sitemap