UPM Biochemicals has selected Dongsung Chemical as sole distributor of its bio-monoethylene glycol (BioMEG) UPM BioPura in Korea.
Through this partnership, UPM will access the large and attractive Korean MEG market with a size of roughly two thirds of the European Union’s MEG market.
ManWoo Lee, CEO of Dongsung Chemical added, "Our partnership with UPM enables us to supply wood-derived biomass raw materials in Korea. We are committed to reducing carbon emissions and enhancing ESG management by assisting partners in developing environmentally friendly products using UPM’s bio-monoethylene glycol.”
UPM invests Euro 1,180 million to build the world’s first industrial scale biorefinery in Leuna, Germany. In Leuna, UPM will convert sustainably sourced, certified hardwood into next generation biochemicals that will enable the vital shift away from fossil-based to renewable materials across a wide range of industries. The Leuna biorefinery is part of a broader growth area, UPM Biorefining, focused on scaling refineries producing a variety of renewable fuels and chemicals made from sustainable biomass.
UPM's BioMEG BioPura is produced from hardwood obtained from forests in the regions around Leuna in Germany. The biomass does not compete with food resources, and UPM is achieving a climate neutral BioMEG from day one while going beyond zero in the future with additional reduction measures.
UPM Biochemicals offers innovative, sustainable and competitive wood-based biochemicals for replacing fossil-based raw materials and improving the environmental performance in various applications.
