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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 30 (Korea Bizwire) — Lotte Chemical Corp., a major chemical firm in South Korea, said Wednesday it has decided to sell its British PET production unit in a move to restructure its business portfolio. Lotte Chemical UK Ltd. will be sold to DAK Americas LLC, a subsidiary of Mexican chemical giant Alpek S.A.B. [...]
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 [...]
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 [...]
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 [...]
SEOUL, May 10 (Korea Bizwire) – Lotte Chemical Corp., a major chemicals firm here, said Wednesday that it plans to spend 370 billion won (US$326 million) in expanding facilities in the country, to better meet demand and strengthen its product portfolio. Lotte Chemical decided to expand the output at its domestic plant that produces meta [...]
SEOUL, June 7 (Korea Bizwire) – Lotte Chemical Corp., a major chemicals maker, said Tuesday that it has submitted a bid to take over a U.S.-based chemicals firm to expand its business portfolio. In a regulatory filing, the company said it has submitted a bid to take over Axiall Corp., a deal estimated at over [...]