Lotte Chemical builds AI organizations

South Korea's Lotte Chemical Corp. announced on Thursday that it has established artificial intelligence (AI) organizations tailored to the characteristics of its basic materials and advanced materials businesses to strengthen data-based research.

In the basic chemicals business sector, the company has formed a new AI Solution Team at the Lotte Chemical Institute of Technology in Daejeon to develop AI-integrated catalysts and products, combining accumulated research and development (R&D) knowledge with AI to enhance quality.

The Solution Team integrates AI tasks from relevant departments, undertaking tasks such as improving product properties using machine learning and deep learning techniques, predicting catalyst characteristics, and simulation-based reactor design.

In the advanced materials sector, the company has built the AI Promotion Office to identify and address various issues arising in all areas of business, including product development, production, and global supply chain, through AI-based solutions.

Write to Hyung-Kyu Kim at khk@hankyung.com