CHICAGO & SEOUL, South Korea–(BUSINESS WIRE)–LG Chem (KRX: 051910), a leading global diversified chemical company, and ADM (NYSE: ADM), a global leader in nutrition and biosolutions, announced today that they have signed a memorandum of understanding (MoU) to explore US-based production of lactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics. Under the terms of the agreement, which was signed by ADM Chairman and CEO Juan Luciano and LG Chem Vice