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Specialty Chemicals

LG Chem doubles carbon nanotube plans

by Craig Bettenhausen
September 1, 2022 | A version of this story appeared in Volume 100, Issue 31

A carbon nanotube facility in South Korea.
Credit: LG Chem
LG Chem sees fast growth ahead for carbon nanotubes.

LG Chem says it will build its biggest-yet carbon nanotube plant by 2024. The facility, planned for Daesan, South Korea, will produce 3,200 metric tons (t) per year. That will add to the 1,700 t that LG currently makes at two plants in Yeosu, South Korea, and the 1,200 t it will make at a plant set to open by 2023. LG says the market for carbon nanotubes, now around 5,000 t per year, will grow to 70,000 t by 2030. The firm plans to sell much of the output from the four plants for use in electric vehicle batteries, where nanotubes improve conductivity.

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