SEOUL, Dec. 17 (Korea Bizwire) – Lotte Fine Chemical Co. said Saturday it has imported 5,500 tons of urea for vehicles from Vietnam, a move expected to help ease concerns over urea supplies following China’s export suspension. The amount is the largest with regard to an inbound shipment, since China suspended customs procedures for urea [...]
SEOUL, Oct. 28 (Korea Bizwire) — Lotte Fine Chemical Co. is set to import the world’s first commercially-produced clean (blue) ammonia. The company announced on Thursday that it had signed a deal to import 25,000 tons of clean ammonia with Saudi Basic Industries Corp. (SABIC) and Saudi Arabian Mining Co. (Ma’aden) in Riyadh. This clean [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea’s biggest producer of urea water has lowered its output amid a growing shortage of urea, industry sources said Monday. Lotte Fine Chemical Co. has stopped part of the urea water solution production line at its factory in Ulsan, about 400 kilometers southeast of Seoul, since last week, [...]