Lotte starts commercial operations at US ethane cracker

摘要

Lotte Chemical Titan Holding (Kuala Lumpur, Malaysia), an afliate of Lotte Chemical (Seoul, South Korea), has announced that the group’s ethane cracker and ethylene glycol (EG) plant at Lake Charles, Louisiana, commenced commercial operations in August. Lotte Chemical USA, a 40/60 joint venture (JV) between Lotte Chemical Titan and Lotte Chemical, holds the Lotte group’s stakes in the plants. The $3.1-billion ethane cracker is an 88/12 JV between Lotte Chemical USA and Axiall, a subsidiary of Westlake Chemical. Lotte has invested about $1.9 billion in the JV. Lotte Chemical USA owns 100% of the EG plant. The $1.1-billion EG plant has a production capacity of 700,000 metric tons/year.