Under a major strategic growth plan, LG Chem Ltd. is increasing its capacity to produce polyolefin elastomer film for solar power panels by 100,000 metric tons per year
The project, it said, is due on stream in 2023 and will make Seoul-based LG Chem the world's second largest producer of these POE materials, with a capacity at 380,000 tons.
According to LG Chem, the POE market is expected to grow at around 30 percent annually until 2025, in-line with rapid growth in the renewable energy market.