LG Chem held a groundbreaking ceremony for the nation’s first hydro pyrolysis plant and an aerogel, a next-generation insulation material, plant for building a plastic circular economy structure at the Seokmun National Industrial Complex in Dangjin, Chungnam, South Korea. The use of pyrolysis oil is expected to grow by more than 19% every year to reach 3.3 million t by 2030. Aerogel is produced using proprietary technology developed by LG Chem, and it is lightweight as it is composed of more than 95% gases having properties that are both water-resistant and fire-resistant. Especially when used as insulation material for pipes and equipment at industrial sites, heat loss can be minimized. Aerogel is expected to have market growth of more than 30% every year due to the demand for eco-friendly energy (liquefied hydrogen) transportation and storage, as well as heat blocking, etc.