On October 29, UNIST signed a Memorandum of Understanding (MoU) with South Korea’s No. 1 chemical company, LG Chem Ltd. to develop technologies related to sustainability and future growth.
In the memorandum of understanding, the two organizations have pledged to conduct joint research on carbon neutrality, biomass, battery materials, and artificial intelligence (AI).
Through this partnership, catalyst technology used to convert carbon for carbon capture and utilization will be developed, along with technology to manufacture bio-plastics using microorganisms.
The two organizations will also jointly carry out research and development for cathode materials, which increase battery capacities. A lab, specializing in autonomous driving technologies will be also established.
LG Chem Ltd. has announced in July that it plans to invest 10 trillion KRW ($8.5 billion) in businesses dealing with battery parts, eco-friendly material materials, and drugs. As such, synergy between the two organizations is expected in demonstrating related technologies and promoting commercialization.
Meanwhile, the MoU signing ceremony between UNIST and LG Chem Ltd. was attended by UNIST President Yong Hoon Lee, LG Chem Chief Technology Officer Ji-young Yoo, and key representatives of both organizations.