Carbon nanotubes are being used in an increasing number of fields ranging from rechargeable batteries to high performance structural materials.
The company expects the global carbon nanobutes industry to post annual growth of 10 percent by 2020 when its demand will reach 1,335 tons from 824 tons last year.
Since 2011, the company has pushed for developing its own technologies and patents for the manufacture of carbon nanotubes, first establishing a pilot plant in 2013 with a manufacturing capacity of 20 tons. Later, LG Chem developed its first commercial carbon nanotube compounds for battery electrodes.
The Korea Times ranks the Yeosu plant's production capacity in fourth position, following the 600 tons from SUSN Sinotech in China, and 500 tons from C-Nano in the U.S and Showa Denko in Japan.
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