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Lotte Chemical to Invest 250 bln Won to Boost Advanced Concrete Material Production

Lotte Chemical to Invest 250 bln Won to Boost Advanced Concrete Material Production

SEOUL, Dec. 17 (Korea Bizwire) — Lotte Chemical Corp., a petrochemical unit of South Korean conglomerate Lotte Group, said Friday it will spend 250 billion won (US$211.4 million) to expand its domestic production line of ethylene oxide adduct (EOA), an advanced material used in concrete. The expansion of the production line in Daesan, a county [...]

Lotte Chemical Develops Eco-friendly Packaging Material from Recycled Plastic

Lotte Chemical Develops Eco-friendly Packaging Material from Recycled Plastic

SEOUL, Aug. 10 (Korea Bizwire) — Lotte Chemical Co., a petrochemical unit of Lotte Group, said Monday that it had developed an eco-friendly packaging material by recycling waste plastic, and had started making use of it for the packaging of its products. The company developed post-consumer recycled polyethylene (PCR-PE) by collecting waste packaging materials made [...]

Lotte Chemical to Invest 4.4 tln Won in Hydrogen Business by 2030

Lotte Chemical to Invest 4.4 tln Won in Hydrogen Business by 2030

SEOUL, July 13 (Korea Bizwire) — Lotte Chemical Co., a major South Korean petrochemical company, said Tuesday it will invest 4.4 trillion won (US$3.8 billion) in the hydrogen business by 2030 to cut its carbon emissions and foster the new growth driver. The petrochemical unit of Lotte Group said it aims to generate 3 trillion [...]

Plastic Bottles Used to Make Bags and Shoes at Lotte Chemical’s Environmental Project

Plastic Bottles Used to Make Bags and Shoes at Lotte Chemical’s Environmental Project

SEOUL, Dec. 18 (Korea Bizwire) — Lotte Chemical Corp., a major South Korean petrochemical company, said Thursday that eco-friendly products made with plastic bottles such as bags and running shoes have been introduced at Project LOOP, a campaign for a virtuous circle of plastic waste. Project LOOP aims to minimize environmental damage and fulfill the [...]

Plastic Bottles Recycled into Shoes and Clothes

Plastic Bottles Recycled into Shoes and Clothes

SEOUL, March 31 (Korea Bizwire) — A South Korean petrochemical firm will launch a project to improve awareness of resource circulation and establish a new domestic plastic recycling economy. Lotte Chemical Corp. held a signing ceremony for “Project Loop” with seven companies in Seoul Monday to establish a plastic recycling economy by improving the culture [...]

Lotte Chemical, GS Energy to Invest 800 bln Won in Petrochemical JV

Lotte Chemical, GS Energy to Invest 800 bln Won in Petrochemical JV

SEOUL, Jul. 15 (Korea Bizwire) — Lotte Chemical Corp., a major chemical unit under Lotte Group, said Monday it will establish a petrochemical joint venture with GS Energy Co., an energy-specialized holding company of GS Group. Lotte Chemical and GS Energy signed an agreement to form a joint venture, tentatively named Lotte-GS Chemical Company, this [...]

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 [...]

Lotte Chemical to Expand Investment in Malaysia

Lotte Chemical to Expand Investment in Malaysia

SEOUL, Jul. 11 (Korea Bizwire) — Lotte Chemical Co., South Korea’s No. 2 petrochemical firm, said Tuesday that it will use the proceeds from the initial public offering of its Malaysian unit to finance its facility expansion in the Southeast Asian country. Its Malaysian unit, Lotte Chemical Titan Holdings Berhads, made its market debut there [...]