New $3.1B Petrochemical Plant Goes Operational in U.S.

September 5, 2019

2 Min Read
New $3.1B Petrochemical Plant Goes Operational in U.S.

A new, $3.1 billion petrochemical facility owned by a joint venture between LOTTE Chemical Titan Holding Berhad and LOTTE Chemical Corporation, Korea (LCC) came on line in Lake Charles, LA last month, the companies announced Thursday. Located near Houston, the facility is capable of producing 1 million tn/yr of ethylene and 700,000 tn/yr of mono ethylene glycol.

“Through this project, the LOTTE Group is proudly the first Korean petrochemical company to build and operate a petrochemical complex in the United States,” LOTTE Chemical Titan said in a press release.

Lotte Chemical USA has an 88% stake in the Lake Charles plant and Westlake Chemical Cororation’s Axiall Corporation holds 12% of ownership. 

Half of the ethylene produced at the new facility will be transported to Lotte Chemical USA’s MEG plant for use as a feedstock and Axiall will take the remaining half. 

“This project will expand LOTTE Group’s global presence and contribute meaningfully to LCC’s global ethylene production capacity, which will reach 4.5 million tonnes per year, making it the largest domestic and seventh largest producer of ethylene in the world,” said the company. 

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More Lotte Chemical articles:

New Lotte Chemical Complex Dedicated in Gulf Coast

Lotte Starts Up New Ethylene Glycol Unit in Louisiana

Lotte/BP JV to Boost Capacity at Petrochemical Plant

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