Lotte Chemical Archives | Be Korea-savvy
SK Innovation, SKIET and Lotte Chemical Forge Alliance to Lead Carbon Capture Market

SK Innovation, SKIET and Lotte Chemical Forge Alliance to Lead Carbon Capture Market

SEOUL, Oct. 24 (Korea Bizwire) – SK Innovation, SK IE Technology (SKIET), and Lotte Chemical have joined forces to make significant strides in the carbon capture market. On Monday, these three companies announced the signing of a Memorandum of Understanding (MOU) to foster technological and business collaboration, thereby fortifying their competitiveness in the field of carbon [...]

Lotte Chemical Unveils ECOSEED: A Sustainable Material Brand for a Greener Future

Lotte Chemical Unveils ECOSEED: A Sustainable Material Brand for a Greener Future

SEOUL, Sept. 19 (Korea Bizwire) – Lotte Chemical has introduced a new eco-friendly material brand called ECOSEED. They unveiled it during a “Green Recycling Day” event on Monday at Lotte World Tower in Jamsil as part of their 2030 vision for recycling. Under the ECOSEED brand, the company combines recycled materials (PCR) and biodegradable plastics [...]

Lotte Chemical Eyes 7 tln Won Sales in Battery Components by 2030

Lotte Chemical Eyes 7 tln Won Sales in Battery Components by 2030

SEOUL, May 11 (Korea Bizwire) — Lotte Chemical Corp. said Thursday it expects to generate at least 7 trillion won (US$5.26 billion) in annual revenue from its secondary battery components segment by 2030, as the recent acquisition of a local copper foil maker and other projects for a green transition will take hold. “We think [...]

Lotte Chemical Signs MOU with U.S. Ammonia Producer for Clean Ammonia Project

Lotte Chemical Signs MOU with U.S. Ammonia Producer for Clean Ammonia Project

SEOUL, Feb. 28 (Korea Bizwire) — Lotte Chemical Corp., a South Korean chemical company, said Tuesday it has signed a preliminary deal with a U.S. ammonia producer to explore opportunities for clean ammonia production and its offtake into Korea. The memorandum of understanding with CF Industries Holdings Inc. calls for the two to assess the [...]

Lotte Chemical Sells Pakistani Unit to Streamline Business, Secure Funds

Lotte Chemical Sells Pakistani Unit to Streamline Business, Secure Funds

SEOUL, Jan. 16 (Korea Bizwire) — Lotte Chemical Corp. said Monday it is selling its subsidiary in Pakistan to a local chemical company for 192.4 billion won (US$156 million) as part of efforts to streamline its business with a focus on advanced materials and eco-friendly products. Lucky Core Industries, a Pakistani chemical company, will take [...]

LG, Lotte to Showcase Eco-friendly Plastic Materials at German Trade Fair

LG, Lotte to Showcase Eco-friendly Plastic Materials at German Trade Fair

SEOUL, Oct. 18 (Korea Bizwire) – LG Chem Ltd. and Lotte Chemical Corp. said Tuesday they plan to showcase their latest lineups of eco-friendly plastics and other advanced materials at a plastics trade show in Germany this week, as part of efforts to tap deeper into the European market. LG Chem, South Korea’s leading chemicals [...]

Lotte Chemical to Build 1st Cathode Foil Plant in U.S.

Lotte Chemical to Build 1st Cathode Foil Plant in U.S.

SEOUL, July 27 (Korea Bizwire) — Lotte Chemical Corp., a unit of South Korean retail giant Lotte Group, said Wednesday it is building its first cathode foil production facility in the United States, as it pushes to bolster its battery components business. Lotte Chemical and Lotte Aluminum, another Lotte affiliate, will invest US$254 million in [...]

Lotte Chemical to Invest Additional 140 bln Won to Expand Battery Materials Plant

Lotte Chemical to Invest Additional 140 bln Won to Expand Battery Materials Plant

SEOUL, June 29 (Korea Bizwire) — Lotte Chemical Corp. said Wednesday it will spend an additional 140 billion won (US$108.4 million) to expand its electrolyte solvent factory in South Korea to produce four core electrolyte materials vital to the fabrication of lithium-ion batteries. Lotte Chemical said it will push to produce ethyl methyl carbonate (EMC) [...]