LG chemIn order to become the worlds no. 1 comprehensive battery material company, LG Chem plans to invest 6 trillion KRW and foster the portfolio widely ranging from anode materials, separation membranes, cathode binders, radiant adhesives, CNT, etc. Plans are to commence construction of the Gumi Plant with a 60,000-ton capacity in December for the anode material business with the goal of fostering the company into a global leader. Through this, the anode production capacity of LG Chem will increase by roughly seven-fold from 40,000 tons in 2020 to 260,000 tons by 2026. A JV is being prepared with a mining company for the stable supply of metals that will be used as the raw materials for anode materials. LG Chem will actively pursue cooperation in various ways with companies possessing mining, smelting and refining technologies to strengthen its metal sourcing competitiveness. For the separation membrane business, LG Chem is reviewing M&As and JVs with companies having marketability such as technologies and clients to quickly enhance business capacities, while also planning to build a global production base as soon as possible. For products such as anode materials, cathode binders, and radiant adhesives, LG Chem plans to preemptively focus R&D resources to differentiate its technologies and acquire market leadership. This is because in the battery materials market that is expected to grow quickly from 39 trillion KRW in 2021 to 100 trillion KRW by 2026, it is anticipated that demands for material innovation will strengthen for the sake of improving performance and cutting costs. *Binder: Fixes active materials on copper laminates when charging and discharging are repeated *Radiant adhesive: Material that connects EV battery modules to emit heat generated in the battery cell to the outside, while also fixing the battery cell against external impact and vibration In order to keep up with the market forecast for battery materials that are growing at a rapid pace, the company plans to expand the CNT production scale of the Petrochemicals Company from 1,700 tons in 2021 to triple or more by 2025. LG Chem expanded its production capacity by completing the CNT Plant 2 capable of producing 1,200 tons per year to target the anode conductive additive market for lithium-ion batteries in April, while continuously expanding production capacities such as making preparations to start construction of Plant 3 within this year .https://www.lgchem.com/company/information-center/press-release/news-detail-8650?lang=en_GLOBAL