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Researchers Develop Game-changing Technology for Petrochemical Industry

Researchers Develop Game-changing Technology for Petrochemical Industry

SEOUL, Sept. 25 (Korea Bizwire) — A “Direct Conversion Technology of Non-oxidative Methane” owned only by the U.S. and China has been developed by Korean researchers. Analysts say it will change the landscape of the global petrochemical industry. A research team from the Korea Research Institute of Chemical Technology (KRICT) said on Tuesday that it [...]

Lotte Chemical to Begin Production at U.S. Plant This Month

Lotte Chemical to Begin Production at U.S. Plant This Month

SEOUL, May 10 (Korea Bizwire) — Lotte Chemical Corp., a unit of retail-to-construction conglomerate Lotte Group, said Friday it will start commercial production at its plant in United States this month. In a joint project with Westlake Chemical Corp., Lotte Chemical completed the construction of the 3.6 trillion-won (US$3.1 billion) ethylene plant in Louisiana late [...]

S. Korea Develops Catalyst That Generates Petrochemical Material Without Byproducts

S. Korea Develops Catalyst That Generates Petrochemical Material Without Byproducts

DAEJEON, Apr. 29 (Korea Bizwire) — A South Korean research team led by professor Song Hyun-joon from Korea Advanced Institute of Science and Technology (KAIST) developed an electrocatalyst that turns more than 70 percent of carbon dioxide into ethylene without causing significant byproducts. Ethylene is one of the primary materials used in the petrochemical industry, [...]