LG Chem Power, Inc.

Name

LG Chem Power, Inc.

Legal name

LG Chem Ltd.

Website

https://lgchem.com

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Specialty Chemicals and Advanced Battery Materials

NAICS

Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Resin and Synthetic Rubber Manufacturing (32521), Plastics and Rubber Products Manufacturing (326), Pharmaceutical and Medicine Manufacturing (3254)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860), Unsupported Plastics Film & Sheet (3081)

akta.pro primary industry

Base Aromatics (BTX: Benzene, Toluene, Xylenes) (IMAEADAB)

akta.pro secondary industries

Synthetic Rubber & Elastomer Feedstocks (SBR, BR, NBR, EPDM) (IMAEADAJ), Bio-Based & Biodegradable Compounds (PLA/PHA/Starch Blends) (IMANABAF), Medical & Food-Contact Specialty Compounds (IMANABAK)

Keywords

• Battery cathode materials
• Petrochemical products
• Eco-friendly materials
• Engineering plastics
• Pharmaceutical products

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Petrochemicals: LG Chem's largest business segment producing basic petrochemical products including ethylene, propylene, PE, ABS, synthetic rubber, and PVC with world-class productivity and vertically integrated production system.
2. Advanced Materials (Battery & Electronic Materials): Specialty materials including cathode materials, battery components, engineering plastics, and display materials serving automotive, electronics, and industrial applications.
3. Life Sciences: Pharmaceutical business developing innovative new drugs including oncology treatments, with FDA-approved products and active pipeline.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

LG Chem manufactures and sells petrochemicals (PE, ABS, synthetic rubber, PVC), advanced battery materials (NCM/NCMA/LFP/LAP cathode materials, anode binders, separators, electrolytes), and eco-friendly materials (PCR, bio-circular balanced, compostable) under the LETZero brand. The company also develops pharmaceutical products in Life Sciences, including FDA-approved oncology drugs. Materials are sold B2B to automotive OEMs, electronics manufacturers, and industrial customers globally.

Product overview

LG Chem operates as a diversified chemical conglomerate with three core business divisions: Petrochemicals (vertically integrated from basic raw materials to downstream products like PE, ABS, synthetic rubber), Advanced Materials (battery materials including NCM/NCMA cathode materials, anode binder, separator, electrolyte, plus specialty materials like CNT and engineering plastics), and Life Sciences (pharmaceutical development including oncology drugs). The company also maintains a comprehensive eco-friendly materials portfolio under the LETZero brand, offering PCR (post-consumer recycled) materials, Bio-Circular Balanced (BCB) materials, and compostable solutions. LG Chem holds a unique position as the only chemical company globally with core battery materials technology across all four key components (cathode, anode binder, separator, electrolyte), having achieved breakthrough innovations including world's first NCM mass production in 2006, high-nickel single-particle cathode materials, and advanced recycling technologies. The Advanced Materials division specifically targets becoming a global top-tier battery and electronic materials company leading next-generation technologies.

Differentiator

Problem solved

Functional benefit

Brands

• LETZero: Eco-friendly materials brand encompassing recycled materials (PCR), bio-based materials, and compostable materials. Launched 2021. Covers recycled plastics (PCR ABS, PCR PC, PCR PP, PCR PE, PCR PVC, OBP), bio-circular balanced materials (BCB), and compostable materials (COMPOSTFUL). LETZero aims to reduce carbon emissions and support LG Chem's Net Zero 2050 target.
• LG Chem On
• UNIQABLE
• COMPOSTFUL
• Earthyle
• Phoenix TDR
• RE:SOBAN

Products and services

• Petrochemicals Vertically integrated petrochemical product line producing basic raw materials (ethylene, propylene) and downstream products including polyethylene (PE), acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), synthetic rubber, and other resins. Sold globally to industrial manufacturers for plastics, rubber, and synthetic material production.
• Battery Cathode Materials (NCM, NCMA, LFP, LAP) Advanced cathode active materials for lithium-ion batteries including NCM (nickel-cobalt-manganese), NCMA (with aluminum), LFP (lithium iron phosphate), and LAP (LG Advanced Phosphate blend of LMFP and NCMA). Sold to battery cell manufacturers and EV OEMs worldwide. Includes high-nickel single-particle cathode materials (Hi-Ni) with >80% nickel content delivering 30%+ improved battery lifespan.
• Battery Components (Anode Binders, Separators, Electrolytes) Three of the four core battery materials besides cathode: anode binder for electrode adhesion and battery life, separator for anode-cathode isolation and lithium-ion passage, and electrolyte for ion transport between electrodes. Sold to lithium-ion battery cell manufacturers globally.
• LETZero Eco-friendly Materials Brand Integrated eco-friendly materials brand encompassing Post-Consumer Recycled (PCR) materials (PCR ABS, PCR PC, PCR PP, PCR PE, PCR PVC, OBP), Bio-Circular Balanced (BCB) materials, and COMPOSTFUL compostable materials. Certified under UL ECV, TUV, GRS, and ISCC PLUS for sustainability claims. Sold to manufacturers in consumer electronics, telecom, furniture, footwear, and municipal infrastructure applications.
• Life Sciences Pharmaceuticals Pharmaceutical business developing innovative new drugs, including FDA-approved products and active oncology pipeline. First Korean company with FDA-approved new drug. Operates LG Chem Life Sciences USA Innovation Center in Boston. Sells to healthcare providers, distributors, and partners globally.
• Phoenix TDR Chemical Recycling Technology Chemical recycling service/technology using supercritical pyrolysis to convert waste plastics back into raw material-level feedstock for new plastic production. Includes Korea's first dry reforming of methane (DRM) pilot facility at Dangjin. Operates chemical recycling supply chain for ISCC-certified circular raw materials.
• UNIQABLE Ultra-Thin Packaging Films Mono-material packaging film solution (all-PE BOPE) presented at Shanghai World of Packaging 2025 (SWOP 2025). Enables mono-material packaging for improved recyclability, replacing multi-layer structures. Sold to packaging manufacturers and consumer goods brands.
• Engineering Plastics for Battery Enclosures and Robotics Specialty engineering plastics including metal-look/paint-less plastics and transparent plastics for robotics, plus battery enclosure plastics. Sold to automotive, electronics, and robotics manufacturers.

Quantifiable outcome

• PCR PC maintains quality with 50-85%+ recycled content vs. industry standard 30-35%
• +4 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• HanssemcoreStrategic or Co-development Partner · 29 April 2025LG Chem collaborated with Hanssem (Korea's leading furniture company) and Jinyeong to develop world's first eco-friendly molded material for furniture using BCB ASA (Bio-Circular Balanced Acrylonitrile Styrene Acrylate). Applied to Hanssem's e'clat deco-sheet brand, replacing PVC with superior weather and stain resistant material. Products carry LETZero certification.
• JinyeongcoreStrategic or Co-development Partner · 29 April 2025Jinyeong produces furniture deco-sheets, flame-retardant films, and insulation films using LG Chem's ASA raw materials. Partnered in BCB ASA development for furniture applications, applying Excimer coating technology for enhanced stain resistance.
• LG U+coreStrategic or Co-development Partner · 1 October 2022Developed PCR ABS material for eco-friendly remote controls launched in October 2022, demonstrating circular economy application of post-consumer recycled plastics.
• Daelim Woodcraft StudiominorStrategic or Co-development Partner · 1 November 2021Collaboration to craft traditional Korean soban (portable tray) using PCR ABS recycled from waste plastics, demonstrating upcycling potential of LG Chem's recycled materials.
• The Fourth SpaceminorStrategic or Co-development Partner · 1 November 2021First in Korea to manufacture 2cm thick, 1000mm x 1000mm plastic sheets from PCR ABS, enabling large-scale upcycling applications.
• Seoul CitycoreStrategic or Co-development Partner · 1 January 2021Supplied PCR PC materials (60% recycled content) for Seoul Smart Shelters - advanced bus stops with heating, cooling, air purification. PCR PC provides 200x strength of glass with half carbon emissions.
• KEVIT (Korea Electric Vehicle Infrastructure Technology)minorStrategic or Co-development PartnerPCR PC application for electric vehicle chargers, demonstrating eco-friendly materials in EV charging infrastructure.
• DescenteminorStrategic or Co-development PartnerBio-Circular Balanced BR and POE materials used in Descente sneaker insoles, showcasing bio-based materials in athletic footwear.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Umicore: Global cathode active materials and recycling player competing with LG Chem in battery materials and sustainable/circular material solutions.
• Lotte Chemical: Korean petrochemical major producing PE, PP, ABS, and synthetic rubber, directly comparable to LG Chem's core petrochemical portfolio.
• POSCO Future M: Korean producer of cathode and anode battery materials, competing head-on with LG Chem's cathode materials business for EV supply contracts.
• EcoPro BM: Leading Korean high-nickel cathode material maker directly rivaling LG Chem's NCM/NCMA cathode product lines.
• Hanwha Solutions: Korean chemicals and advanced-materials group competing in petrochemicals and eco-friendly/renewable materials.

Broad incumbents

• Mitsubishi Chemical Group: Large integrated chemical group active in performance materials, petrochemicals, and specialty/eco materials comparable to LG Chem's businesses.
• LyondellBasell: Major global producer of polyolefins and petrochemical resins with a growing circular/recycled plastics business overlapping LG Chem's LETZero portfolio.
• Sumitomo Chemical: Diversified Japanese chemical company spanning petrochemicals, electronic/display materials, and life sciences, mirroring LG Chem's multi-division structure.
• Dow: Global diversified chemicals and plastics producer with overlapping petrochemical, packaging, and sustainable-materials offerings.
• BASF: World's largest chemical company spanning petrochemicals, specialty materials, and battery materials, directly overlapping LG Chem's diversified chemicals and cathode ambitions.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@LGChemTube
• Facebookfacebook.com/lg-chem-power-inc-181414081885814
• LinkedInlinkedin.com/company/lg-chem-power-inc.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LG Chem Power, Inc.