[Photo]: LOTTE Chemical President & CEO Kim Gyo Hyun (Center), Basic Chemicals CEO Hwang Jin Koo (Left), Advanced Materials CEO Lee Young Jun (Right)

■ Convert 60% by 2030 and 100% by 2050... Implement solar power equipment within the workplace, pursue implementation of renewable energy power purchase agreement and REC, utilize renewable power using green hydrogen
■ LOTTE Chemical President & CEO Kim Gyo Hyun, “We declared the ESG vision/strategy ‘GREEN PROMISE 2030’ and ‘2050 Carbon Neutrality’ last year and are carrying out various tasks such as energy efficiency and using renewable energy”... “Joining RE100 was also part of the strategy for practicing ESG and we will execute various plans as planned to convert to using 100% renewable energy for power consumption by 2050 to contribute to carbon neutrality”

LOTTE Chemical announced on the 5th that it joined the global initiative, RE100 (Renewable Energy 100). Through this, LOTTE Chemical plans to convert 100% of its used power to renewable energy by 2050.

RE100 is a campaign to switch 100% of the power needed for corporate activities to renewable energy such as solar power and wind power, and the annual goals are established freely by companies. LOTTE Chemical plans to use 60% of its power to renewable energy by 2030 and 100% by 2050 in order to achieve RE100.

For this, LOTTE Chemical established the strategies and goals for implementing renewable energy. This year, solar power equipment will be implemented in the domestic workplaces such as Yeosu, Daesan, and Ulsan. Plans are to also secure renewable energy power purchasing agreements (PPA) and REC (renewable energy certificate), while simultaneously pursuing the implementation of renewable energy at each of the overseas business sites. Furthermore, plans are to implement renewable energy using green hydrogen by 2050.

LOTTE Chemical President & CEO Kim Gyo Hyun stated, “LOTTE Chemical declared the ESG vision/strategy ‘GREEN PROMISE 2030’ and ‘2050 Carbon Neutrality’ last year and are carrying out various tasks such as energy efficiency and using renewable energy,” and added, “Joining RE100 was also part of the strategy for practicing ESG and we will execute various plans as planned to convert to using 100% renewable energy for power consumption by 2050 to contribute to carbon neutrality.”