Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say 
Indian Refiners Use Yuan via ICICI Bank to Pay for Iranian Oil Under U.S. Sanctions Waiver 
Oil Prices Surge Amid U.S.-Iran Tensions and Strait of Hormuz Disruptions 
Japan Eyes Private Credit as Key Pillar in New Financial Strategy 
IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean 
Tesla Q1 Earnings Preview: Robotaxi Delays and SpaceX Merger Speculation Grow 
Rising U.S.-Iran Conflict Fuels Oil Market Volatility and Ceasefire Uncertainty 
Gold Prices Dip Slightly But Hold Weekly Gains Amid U.S.-Iran Ceasefire Hopes 
Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch 
U.S. Stock Futures Hold Steady After S&P 500 and Nasdaq Hit Record Highs 
Elon Musk's Terafab Foundry Courts Top Chipmaking Giants for AI Self-Sufficiency Push 
Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks 
OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 
Middle East Ceasefire Hopes Lift Asian Markets as Oil Prices Retreat 
Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets 
China Food Delivery Stocks Dip as Regulators Crack Down on “Ghost Deliveries” 
LG Chem unveiled its ABS made from vegetable raw materials and revealed it would supply this plant-based plastic to Mattel, which will be its first customer for this product. The launch of this new acrylonitrile butadiene styrene product makes it the first of its kind in Asia.
LG Chem revealed its new plant-based plastic on Sunday, Dec. 4. The South Korean petrochemical firm also confirmed that the first batch is set to be delivered to the American toymaker, Mattel.
ABS is a rigid thermoplastic polymer that can resist high heat temperature and impact and LG Chem is the leading manufacturer of ABS products which makes up nearly 20% of its total chemical business sales, as per The Korea Herald. The company is capable of producing 2.4 million tons of this type of plastic annually.
Then again, with the creation of this plant-based ABS, LG Chem significantly lowered carbon emissions throughout the process of production and distribution. The emissions are a lot lower compared to regular ABS products thus, the plant-based version was easily granted the International Sustainability and Carbon Certification Plus.
ISCC Plus is a global certification for eco-friendly materials, and LG Chem is the first to receive it in Asia. This grants the company permission to sell eco-friendly products approved according to the international standards in the ABS industry.
The new LG Chem plant-based ABS plastic can be shaped into anything as per the request of customers. It can also come in different colors and use as materials for plastic products, including toys, construction materials, household appliances, and even parts for automobiles.
The company said the introduction of its plant-based ABS plastic is part of its long-term sustainability effort to reach net zero emissions by the year 2050. The efforts are being made amid the growing calls for environmental, social and governance endeavors across industries.
“We will lead the market and provide an opportunity for valuable consumption to customers to think about the environment with sustainable materials around eco-friendly products,” Roh Kug Lae, LG Chem’s president, stated in a press release.
