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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: LG Chem
Ownership Structure: publicly traded
Headquartered in: South Korea
Major Industry: chemicals
Specific Industry: chemicals
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $425,624,409 | 8 |
| Federal (grants and allocated tax credits) | $151,431,953 | 1 |
| TOTAL | $577,056,362 | 9 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| Michigan | $350,650,000 | 4 |
| Arizona | $71,960,000 | 1 |
| Illinois | $1,984,409 | 1 |
| Ohio | $540,000 | 1 |
| Georgia | $490,000 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year | Subsidy Value  | Loan/Bailout Value | Type of Subsidy |
| LG Chem-Compact Power | Michigan | multiple | 2009 | $198,000,000 | | MEGADEAL  |
| LG Energy Solution | Michigan | multiple | 2022 | $152,650,000 | | MEGADEAL |
| Lg Energy Solution Michigan, Inc. | United States | federal | 2010 | $151,431,953 | | federal grant |
| LG Chem Michigan, Inc. | Michigan | state | 2010 | $100,000,000 | | tax credit/rebate |
| LG Energy Solution | Arizona | multiple | 2022 | $71,960,000 | | MEGADEAL (Archived) |
| LG Chem Michigan, Inc. | Michigan | state | 2010 | $25,259,000 | | tax credit/rebate |
| LG Chem Illinois Biochem LLC | Illinois | state | 2023 | $1,984,409 | | tax credit/rebate |
| LG Chem America, Inc. | Ohio | state | 2021 | $540,000 | | tax credit/rebate |
| LG Chem | Georgia | state | 2004 | $490,000 | | grant |
| LG Chem America, Inc. | Ohio | state | 2022 | undisclosed | | enterprise zone |
