diff --git a/gradle.properties b/gradle.properties
index a9e99c450..0aa58efce 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -2,4 +2,4 @@ javaVersion=17
 gradleVersion=7.6
 org.gradle.jvmargs=-Xmx4096m
 lcaacGroup=ch.kleis.lcaac
-lcaacVersion=2.3.0
+lcaacVersion=2.4.0
diff --git a/plugin/CHANGELOG.md b/plugin/CHANGELOG.md
index e546e7e4a..e43cde817 100644
--- a/plugin/CHANGELOG.md
+++ b/plugin/CHANGELOG.md
@@ -4,6 +4,9 @@
 
 ## Unreleased
 
+## 2.4.0
+- Updated dependency LCAAC core (performance improvements)
+
 ## 2.3.0
 - Updated dependency LCAAC core
 - Support for global parameters
diff --git a/plugin/build.gradle.kts b/plugin/build.gradle.kts
index da9178167..cdfefa491 100644
--- a/plugin/build.gradle.kts
+++ b/plugin/build.gradle.kts
@@ -47,7 +47,7 @@ sourceSets {
 }
 
 dependencies {
-    implementation("ch.kleis.lcaac:core:2.3.0")
+    implementation("ch.kleis.lcaac:core:2.4.0")
 
     implementation(files(layout.buildDirectory.dir("stdlib/ef3.1")) {
         builtBy("generateEmissionFactors31")