The team aims for a 75 percent reduction in scope three emissions and a final 25 percent carbon removal by 2030.
Cadillac will succeed the German automaker, which has been the Grand Slam's official vehicle since 2009 and has paid a reported US$9 million per year.
Merck has acquired Mecaro and will use its facilities including the R&D center in South Korea after the completion of the deal.
Nongshim was beaten by smaller rivals Samyang and Ottogi in sales and failed to deal with higher logistics costs and raw materials.
Under the two joint ventures with ADM, LG Chem will build a facility to annually produce 75,000 tons of polylactic acid.
Hyundai Doosan Infracore developing hydrogen combustion engine
Hyundai Doosan Infracore Co. will develop a hydrogen combustion engine that will be mounted in commercial vehicles, buses, and construction machinery by 2024.
The engine will be mass-produced by 2025 after going through a verification process.
The South Korean construction equipment maker was selected as the lead agency for the development of hydrogen engine and storage and supply systems for construction machinery and commercial vehicles.
Through this national project conducted by the Korea Evaluation Institute of Industrial Technology, the company will create hydrogen engines and hydrogen tank systems with a 300 kW output and an 11 liter displacement that could achieve zero carbon emissions .
Hydrogen engines are cost-effective as they can run on lower purity hydrogen, unlike fuel cells, which can only work on 99.99 percent pure hydrogen.