LG Chem and Volkswagen Group partner on next‑gen lightweight and recycled automotive plastics
- The companies signed an MOU to jointly develop next‑generation, eco‑friendly mobility materials.
- Collaboration will focus on ABS and engineering plastics (EP) to reduce vehicle weight and improve exterior/interior performance.
- LG Chem's total annual ABS production capacity is 2.35 million metric tons.
- LG Chem pioneered white PCR ABS in 2020 and is expanding its PCR portfolio for automotive components.
Deal scope
LG Chem and the Volkswagen Group signed a memorandum of understanding to develop and expand the application of next‑generation, eco‑friendly mobility materials, combining materials expertise with automotive engineering.
Target materials and applications
The partnership targets next‑generation plastics and composite materials, specifically ABS and engineering plastics (EP), for use in exterior and interior vehicle components such as side mirrors and radiator grilles to reduce weight and improve performance.
Manufacturing and recycling capability
LG Chem has a total annual ABS production capacity of 2.35 million metric tons and offers product lines including high‑gloss, high‑heat‑resistant, and paintless grades that can be applied to customer‑specific parts; the company produced the industry's first white PCR ABS in 2020 and is expanding its PCR portfolio for automotive use.
R&D, site visits and next steps
Both companies agreed to collaborate on feasibility studies and R&D, share technology and market trend information, and explore expanded adoption of cost‑efficient and sustainable materials; Volkswagen executives toured LG's Osan CS Campus and LG Science Park as part of the engagement.
Source: LG Chem