LG Chem and ADM launch joint ventures for the production of Lactic Acid and Polylactic Acid
Type of post: NEWS IN BRIEF. LG Chem and ADM (held a signing ceremony launching two joint ventures for 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, USA) as the location of their intended production facilities. Press release: " LG Chem and ADM Launch Joint Ventures, Announce Intended Location for U.S. Production of Lactic Acid and Polylactic Acid Production ", 15/08/2022. Figure 1. ADM's North American headquarters in D ecatur The first joint venture, GreenWise Lactic, would produce up to 150,000 tons of high-purity corn-based lactic acid annually. ADM would be the majority owner of GreenWise, 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 LG C...