Badger Licensing Provides New Technology for Existing Bisphenol A Plants in Yeosu, Korea

BOSTON–(BUSINESS WIRE)–Badger Licensing LLC (Badger) today announced that LG Chem, Ltd. (LG
Chem) has successfully started commercial operation of a new unit
utilizing Badger’s proprietary advanced residue recovery technology in
LG Chem’s existing bisphenol A (BPA) facilities in Yeosu, Korea. The BPA
plants in Yeosu are the first in the world to utilize the new residue
recovery technology. The startup occurred within 11 months after the
award of the contract, which included technology license, process
design, and start-up services.

LG Chem operates two BPA plants at the Yeosu site, in addition to one
BPA plant at their Daesan, Korea, site, all licensed from Badger. The
new residue recovery unit is integrated into the existing Yeosu
facilities.

LG Chem has established themselves as a leading producer of BPA over
the last decade, and one of the largest in Asia,” said Dana Johnson,
president of Badger. “Implementation of Badger’s newly developed
technology will significantly improve raw material consumption at their
two BPA plants in Yeosu, and will extend their leadership position in a
competitive and challenging market. This technology further enhances
Badger’s bisphenol A portfolio, and can be added as a standalone unit
into any bisphenol A plant. Badger is very pleased to work with LG Chem
to commercialize this exciting new technology.”

Bisphenol A is a precursor to the production of epoxy resins and
polycarbonate. Nearly 1.7 million metric tons of BPA capacity has been
licensed by Badger since the technology was first offered for license in
2001.

Badger Licensing LLC, headquartered in Boston, Massachusetts, is a
venture of affiliates of TechnipFMC and ExxonMobil. Badger Licensing is
principally engaged in developing, marketing, and licensing technologies
for ethylbenzene, styrene monomer, cumene and bisphenol A.

Contacts

Badger Licensing LLC
Diane Saraceno, 1.617.748.7217
[email protected]