en.Wedoany.com Reported - LG Electronics participated in the "Circular Economy Leading Companies & Industrial Complex Cultivation & Support Agreement" held at the Posco Center in Gangnam-gu, Seoul on the 19th, and will work with 16 companies including POSCO, Hyundai Steel, and Samyang Foods to promote circular economy initiatives such as expanding the use of recycled raw materials, reusing process by-products, and improving packaging. The company plans to build a resource circulation ecosystem by recovering refrigerants from discarded home appliances and expanding its refurbished appliance business.

LG Electronics has formed a consortium with LX Pantos, Chilseo Recycling Center, Orun R2 Tech, and Gyeongnam Technopark to jointly promote the "Electrical and Electronic Product Waste Refrigerant Recovery, Reuse, and Refurbishment System Construction Project." The project aims to establish a circular structure where refrigerants are extracted from discarded home appliances, refined, and then used in new product production and after-sales service. The recovery scale will also be significantly expanded. LG Electronics plans to increase waste refrigerant recovery to 81 tons per year by 2030, approximately seven times the amount in 2024, equivalent to the amount used in about 100,000 wall-mounted air conditioners, and is expected to achieve greenhouse gas emission reductions of approximately 150,000 tons annually.

At the same time, LG Electronics will also advance the demonstration of its refurbishment business. The company will standardize the entire process of collection, diagnosis, repair, and verification, providing a level of quality assurance comparable to new products for items that pass strict quality inspections. Verified products are planned to be sold primarily to small business owners through the LG Electronics corporate mall in the future. Baek Seung-tae, Vice President and Head of LG Electronics' HS Business Division, stated, "We will achieve a sustainable future through carbon emission reduction and resource circulation."

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