LG Chem has announced plans to construct its first overseas water-desalination device plant in Saudi Arabia by 2026. This initiative is a joint venture with Alkhorayef Group, a prominent Saudi Arabian conglomerate specializing in the water, energy, and agriculture sectors. The two companies will invest USD 86 million in a reverse osmosis (RO) membrane plant in Saudi Arabia.

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The RO membrane is a crucial device for desalinating water, particularly in the Middle East region, where there is a growing local demand. The partnership aligns with the goals of Saudi Vision 2030, which aims to contribute to the localization of strategic industries in Saudi Arabia, which will be integrated with renewable energy projects.

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LG Chem and Alkhorayef Group plan to cooperate in sales and marketing activities for RO membranes and explore new business opportunities within the related water treatment industry. The new plant will create a stable supply chain for desalination plants in Saudi Arabia.

The two companies aim to commence the production facility in 2026 to meet the increasing demand for RO membrane.

An RO membrane, similar to a filter in a water purifier, is made with a polymer that filters seawater down to the molecular level to remove salts and other chemicals. LG Chem's RO membranes boast a 99.89% removal of salts, utilizing the company's unique thin-film nanocomposite technology.

Saudi Arabia is the world's largest buyer of RO membranes, accounting for 21% of the global demand for the device. The country heavily relies on water desalination for more than 70% of its water supply. A stable supply of water and RO membranes is crucial for Vision 2030, which includes the futuristic NEOM desert city project.

About LG Chem

LG Chem Ltd., often referred to as LG Chemical, is the largest chemical company in South Korea and is headquartered in Seoul. Established in 1947, LG Chem has grown over seven decades to become a leading company in the chemical industry, not only in Korea but also globally.

The company's promising next-generation growth engines range from battery materials to sustainability to the bio-industry. LG Chem aspires to rise as a powerful global leader, aiming to achieve sales of over USD 43 billion by 2030.

Read: Top 5 Desalination Plants in Saudi Arabia

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