Others March 29, 2023
LOTTE BIOLOGICS Receives Low-Cost Electricity from New York State to Reduce Costs
LOTTE BIOLOGICS will receive a total of 2,626 kilowatts (KW) of low-cost electricity from New York State over the next seven years part of the state's economic development initiative, 'Recharge NY'.
Recharge NY is a program that reduces energy costs by setting aside New York Power Authority (NYPA) power for companies that create jobs or invest in New York State.
Meanwhile, LOTTE BIOLOGICS plans to make additional investments to expand Syracuse plant to produce Drug Product(DP) and Antibody Drug Conjugates(ADC) in addition to Antibody Drug Substance(DS).