LG Chem and ADM Launch Joint Ventures, Announce Intended Location for U.S. Production of Lactic Acid and Polylactic Acid Production - Seite 3

“Demand for plant-based products is on the rise and it’s no surprise Illinois is attractive to companies looking to expand in this industry,” U.S. Senator Dick Durbin said. “As the federal government seeks opportunities to invest in greener buildings, it will look to states like Illinois that are leaders in the production of eco-products. Today’s news is a positive step and I appreciate the efforts of state and local leaders to bring even more jobs to Illinois.”

"Decatur has a rich heritage in manufacturing products that serve as industry game-changers, and the two ADM and LG Chem ventures announced today are no exception," said Nicole Bateman, president of the Economic Development Corporation of Decatur - Macon County. "Their collective approach to plant-based innovations are a welcomed addition to the global industry leaders who call Decatur home. ADM and LG Chem will find a great partner in the EDC and City of Decatur to support their infrastructure and operational needs to bring this project to life."

Forward-Looking Statements

Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.

About LG Chem

LG Chem is a leading global chemical company with a diversified business portfolio in the key areas of petrochemicals, advanced materials, and life sciences. The company manufactures a wide range of products from high-value added petrochemicals to renewable plastics, specializing in cutting-edge electronic and battery materials, as well as drugs and vaccines to deliver differentiated solutions for its customers. LG Chem is committed to reaching carbon-neutral growth by 2030 and net-zero emissions by 2050 by managing the impacts of climate change and making positive contributions to society through renewable energy and responsible supply chains. Headquartered in Seoul, Korea, LG Chem has multiple operation sites worldwide and generated KRW 42.7 trillion (USD 37.3 billion) in sales in 2021. For more information, please visit www.lgchem.com.