US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch 
US Stock Futures Rise as Markets Await July Payrolls Data 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
LG Chem and CJ Logistics agreed to cooperate in the recycling of used packaging wraps that will be collected from distribution facilities. For their collaborative project, the two companies will set up a recycling ecosystem for the said material at logistics hubs.
LG Chem and CJ Logistics will recycle the packaging wraps that were discarded at distribution centers. The chemical arm of the LG Group will make recycled wraps and then deliver them back to its partner logistics firm and will continue to supply as long as there are packagings to be recycled.
As per Aju Business Daily, based on the data collected by LG Chem, a good number of wraps being used for packaging in the country were for securing loads at logistics centers and other industrial facilities. It was noted that most of the plastic wraps were made of PET (polyethylene terephthalate).
LG Chem also pointed out that although the annual PET waste collected in the country is around 800,000 tons, including plastic bottles, only 40% are recycled. Thus, together with CJ Logistics, LG Chem is aiming to recycle as much plastic as it can collect.
Meanwhile, LG Chem held a groundbreaking ceremony for the construction of South Korea’s first supercritical pyrolysis plant and an aerogel which is the next-generation insulation material. The recycling plant is set to be built at the Seokmun National Industrial Complex in Dangjin, Chungnam.
“The Dangjin Plant will become a global center for the eco-friendly materials sector,” Shin Hak Cheol, LG Chem’s chief executive officer, said in a press release. “LG Chem will play a leading role in sustainable development and to achieve carbon-neutrality goals as a leading company in the petrochemical industry.”
The event was attended by Joo Young Hoon, the Ministry of Trade, Industry and Energy secretary; Oh Seong Hwan, Mayod of Dangjin, Shin Hak Cheol, LG Chem’s CEO, and Noh Kug Lae, executive vice president. It was mentioned that Hyeon Sung Hong, Hyundai Engineering’s chief executive officer, and UK-based Mura’s CEO, Steven Mahon, were also in attendance to provide technical support for the plant.
