투게더토토 Chemical and Korea Midland Power Sign MOU for Renewable Energy Development and Supply Project

■ Lotte Chemical signed a memorandum of understanding (MOU) with Korea Midland Power to expand the development and supply of renewable energy in Korea.
■ Based on its eco-friendly strategy Green Promise 2030, Lotte Chemical is participating in the global RE100 initiative, leading efforts to achieve net zero and build a sustainable green ecosystem.
■ Lee Young-jun, CEO of Lotte Chemical, stated, “Through this agreement, we hope both companies can achieve their shared goals in securing renewable energy and lay the foundation for expanding eco-friendly businesses.”
■ Lee Young Jo, President of Korea Midland Power, said, “This mutual cooperation in the field of renewable energy is expected to serve as a key driver not only for achieving RE100, but also for expanding the domestic supply of renewable energy.”

투게더토토 Chemical is expanding its use of renewable energy as part of its efforts to strengthen ESG (Environmental, Social, and Governance) management.

On May 14th, 투게더토토 Chemical announced that it signed a Memorandum of Understanding (MOU) with Korea Midland Power at the EBC Center on the 113th floor of 투게더토토 World Tower on the 13th for the development and supply of renewable energy projects.

The signing ceremony was attended by Lee Young-jun, CEO of 투게더토토 Chemical; Sung Nak-sun, Head of Finance Innovation; and Park In-chul, Head of ESG Management. From Korea Midland Power, President Lee Young Jo, Ahn Sung-kyu, Head of Future Industries, and Kim Jae-sik, Head of Renewable Energy Business, were present.

This MOU aims to help both companies achieve their RE100 goals through the successful development of domestic renewable energy power plants (such as solar and wind) and the promotion of renewable electricity supply projects. The agreement also seeks to support the growth of Korea’s renewable energy market. Through strategic collaboration, the two companies intend to pursue mutual benefits by reinforcing their cooperative relationship and competitiveness.

투게더토토 Chemical is actively participating in the global RE100 initiative based on its eco-friendly strategy, Green Promise 2030. The Company is leading efforts toward net-zero emissions and building a sustainable green ecosystem. It is also promoting sustainable growth through various initiatives, including the installation of in-house renewable energy facilities, direct power transactions, and the acquisition of Renewable Energy Certificates (RECs).

Korea Midland Power, under its corporate vision of becoming a “comprehensive energy company leading future value,” has set a target to increase its renewable energy generation ratio to 40% by 2040. It is also taking the lead in the era of energy transition through efforts such as the adoption of hydrogen and other carbon-free energy sources.

Lee Young-jun, CEO of Lotte Chemical, said, “We are accelerating efforts to expand our eco-friendly future growth businesses and to achieve carbon neutrality by 2050. Through this MOU, we hope both companies will accomplish their shared goals in securing renewable energy and establish a foundation for the expansion of eco-friendly businesses.”

Lee Young Jo, President of Korea Midland Power, added, “This mutual cooperation in the field of renewable energy is expected to not only support the achievement of RE100 goals but also become a key driver for expanding the adoption of renewable energy in Korea. We will dedicate our full organizational capabilities to ensure the smooth progress of new projects based on trust and cooperation between the two companies.”