Black Friday Sale is here!

Up to


off in software solutions and tools for a very limited time. Hurry up!

off in software solutions. Hurry up!



LG Chem Carbon Nanotube Plant To Become World’s Largest CNT Producer

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

In a bid to gain a more competitive edge in the rapidly growing global CNT market focused on electric vehicle battery materials, the largest Korean chemical company, LG Chem has revealed today that it’s going to build the fourth LG Chem Carbon Nanotube Plant. 

According to the firm, the initiative is part of the company’s expansion of its investment in carbon nanotubes (CNT) with the construction of the world’s largest single-line CNT manufacturing plant.

LG Chem’s New Carbon Nanotube Plant

Also Read

The new carbon nanotube facility will be the company’s fourth CNT plant, following Plant 3, which started construction early this year, and Plant 2, which has been operational since last year. 

The plant will be built in LG Chem’s Daesan Complex, located 80 kilometers southwest of Seoul, with construction commencing in the first half of next year, 2023, and operation beginning in the second half of the following year, 2024.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

According to the Korean chemical company, the new plant is expected to produce 3,200 tons of CNT annually, contributing to the LG Chem carbon nanotube plant’s total production capacity is of 6,100 tons across all four plants.

CNT Global Market Survey

CNT is 100 times stronger than steel and has the same electrical and thermal conductivity as copper and diamond, which has become a material of the future. CNT has endless uses in batteries, semiconductor wafer trays, automotive components, and surface heating elements because of its superior qualities that surpass those of existing materials.

The demand for CNT is anticipated to increase from 5,000 tons in 2021 to 70,000 tons by 2030, in part to the global market for CNT conductive additives, which is anticipated to expand by 30% to USD 2.3 billion.

The 3,200 tons of CNT produced at Plant 4 will contribute to the LG Chem carbon nanotube plant’s total production capacity, which is 6,100 tons across four plants. Since LG Chem CNT Plant 1 began producing 500 tons of CNTs in 2017, LG Chem has been operating CNT plants, and since 2020, it has been constructing more plants each year to keep up with the demand.

LG Chem CNT Products

With intentions to spread utilization to a wider range of industries, LG Chem’s CNTs will be provided to battery manufacturers like LG Energy Solution, the current market leader in the world for EV batteries, as conductive additives.

Battery manufacturers can use 30 percent fewer conductive additives since CNT exhibits 10 percent greater conductivity than carbon black when used as a conductive addition. Cathodes can then be placed there for a bigger capacity and longer lifespan without growing the battery’s overall size. As a result, CNTs are also being evaluated as appealing, futuristic conductive additives for anodes and next-generation batteries, including solid-state and lithium-sulfur batteries.

Since beginning its research and development initiative to create exclusive CNT-related technologies in 2011, LG Chem has been expanding carbon nanotube production to fulfill the rising demand for CNT. The firm began creating battery components and devices using conductive compounds in 2014, and it presently holds close to 300 patents on CNTs.

Company’s Reaction

Speaking about the new LG Chem Carbon Nanotube Plant, Noh Kug-lae, the head of LG Chem’s Petrochemical Business, said the firm is steadfastly devoted to becoming a reliable and top-tier CNT supplier for international automakers.

“LG Chem is continuously increasing its sales from newly secured battery customers, including LG Energy Solutions and is strongly committed to becoming a trustworthy world-class CNT supplier for global automakers,” said Noh Kug-lae, “We hope to cement our leadership in the conductive additive market based on our competitive edge in self-developed manufacturing capabilities and excellent product quality and moving faster than our competitors.”

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -