LG Chem to purchase renewable energy from China for carbon neutrality
Posted : 2020-12-13 16:08
By Kim Hyun-bin
LG Chem is making strides to transition swiftly into an eco-friendly company and to fulfill its goal to become carbon free by 2050.
Adding to hype, the company has inked a deal with Jiangsu Runfeng New Energy, a Chinese solar and wind electric power company, Sunday, to receive energy from renewable sources to power its Leyou New Energy Materials cathodes plant in Wuxi, a city in Jiangsu province.
LG Chem is set to receive 140GWh (gigawatt) worth of renewable energy annually, which is enough to power 30,000 households for over a year and to fully power LG s Wuxi plant, the company announced.
LG Chem’s cathode plant in Wuxi, China, to run 100% on reusable energy from 2021
By Lim Jeong-yeo |
LG Chem’s cathode plant in Wuxi, China (LG Chem)
LG Chem is taking steps to carry out its pledge to create no more carbon emissions by 2050.
Starting 2021, the company’s cathode material plant in Wuxi, China, will run entirely on reusable energy provided by the local Leyou New Energy Materials, LG Chem said Sunday.
Carbon emissions reduction from the change is expected to be 100,000 tons a year. This has the effect of planting 1.7 million trees every year, the company said.
Leyou New Energy Materials generates reusable energy using wind and solar powers. The Chinese firm will supply LG Chem with 140GWh of reusable energy, annually, which is enough for roughly 30,000 households to live on for a year and more than enough for the Wuxi plant’s operation.