LG Chem agreed with Daebong LS Co., a local cosmetics and pharmaceutical raw materials producer, to develop ingredients for functional cosmetics jointly.“The cooperation is the significant first step in developing sustainable raw materials for beauty products,” said LG Chem Vice Chairman and CEO Shin Hak-Cheol.“We hope to expand the application to various functional cosmetic ingredients based on clinical tests.”FUNCTIONAL COSMETICSThe company and Daebong are set to select functional cosmetics suitable for using 3HP to develop formulations and secure their stability while aiming to complete verification of efficacy through clinical trials by next year.
LG Chem unveiled a plan on Thursday to develop products using fully bio-based 3-hydroxypropionic acid (3HP) as a raw material for functional cosmetics for the first time in the world.3HP is produced by fermentation of microorganisms in plant-based raw materials, such as corn-based glucose and crude glycerol.
Daebong is predicted to develop and commercialize new functional cosmetics based on novel raw materials through the partnership, enhancing its competitiveness.
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