LG Chem, a leading global diversifimagnesium glycinate krogered chemical companamazon pure zincy, and ADM, a global leader in nutrition and biosolutions, held a signing ceremony launching two joint ventures for US production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics.Pending final investment decisions, the joint ventures have chosen Decatur, Illinois, US, as the location of their intended production facilities.LG Chem, a leading global diversified chemical company, and ADM, a global leader in nutrition and biosolutions, held a signing ceremony launching two joint ventures for US production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics.The first joint venture, GreenWise Lactic, would produce up to 150,000 tons of high-purity corn-based lactic acid annually. The company would be the majority owner, and would contribute fermentation capacity from its Decatur bioproducts facility to the venture. The second joint venture, LG Chem Illinois Biochem, would be majority-owned by LG Chem. It would build upon the expertise in bioplastics to build a facility that will use product from GreenWise Lactic to produce approximately 75,000 tons of polylactic acid (PLA) per year.LG Chem, a leading global diversified chemical company, and ADM, a global leader in nutrition and biosolutions, held a signing ceremony launching two joint ventures for US production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics.Juan R. Luciano, CEO, ADM, said, “Sustainability is one of the enduring global trends that is powering ADM’s strategy and growth. Our BioSolutions platform is helping us meet that demand by redeploying Carbohydrate Solutions production capacity to fast-growing, highermargiinnovix labs advanced magnesiumn segments – including pharmaceuticals and personal care, tezinc citrate sisuxtiles and paper products. BioSolutions is already growing rapidly, with $136 million in year-over-year revenue growth in the first half of 2022, and with these two new joint magnesium glycinate hashimoto’sventures, we’re planning to take the next growth step, greatly expanding our ability to meet growing demand for plant-based solutions. We’re pleased to expand our collaboration with LG Chem, and we’re excited at the opportunity to bring this new intended production and all of its economic benefits to Decatur, our NorthLG Chem, a leading global diversified chemical company, and ADM, a global leader in nutrition and biosolutions, held a signing ceremony launching two joint ventures for US production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics.
American headquarters.”