Lotte Chemical Corporation Yeosu Complex is an active petrochemical complex located in South Jeolla, South Korea. The complex started commercial operations in 1979 and currently has an active annual capacity of 4.81mtpa. Its capacity is expected to increase to 5.79mtpa in 2030. The plants in this complex are operated by Lotte Chemical and Lotte-GS Chemical.
Key Products Capacity – Lotte Chemical Corporation Yeosu Complex, 2020
Key products produced in this complex include ethylene, polyethylene, polypropylene, propylene, ethylene glycol (EG) etc.
Ethylene accounts for major capacity share i.e., 25.6% of the total annual capacity of the complex with 1.23mtpa.
Details of key upcoming projects in Lotte Chemical Corporation Yeosu Complex
The complex is set to add capacity with some of the key upcoming plants including Lotte-GS Chemical Yeosu Acetone Plant (0.22mtpa), Lotte-GS Chemical Yeosu Bisphenol A Plant (0.2mtpa), Lotte-GS Chemical Yeosu Butadiene Plant (0.09mtpa), Lotte-GS Chemical Yeosu Phenol Plant (0.35mtpa), and Lotte-GS Chemical Yeosu Tertiary Butyl Alcohol (TBA) Plant (0.07mtpa).
About Lotte Chemical
Lotte Chemical Corp (Lotte Chemical) is a chemical company that carries out the manufacture and sale of basic chemicals and petrochemicals. Its portfolio of products includes polymers such as low-density polyethylene and ethylene vinyl acetate; monomers such as ethylene glycol and ethylene oxide; chemical fibers, and megatrends. The company’s products are used in household goods and materials for agricultural, engineering, medical, and auto industries. Lotte Chemical has manufacturing facilities in Daesan, Yeosu, and Ulsan, and research and development centers in Daedeok and Yeosu in South Korea. The company has overseas offices in China, Hong Kong, Russia, the US, Peru, Turkey, and Vietnam. Lotte Chemical is headquartered in Seoul, South Korea.
Methodology
Information on the petrochemical complexes/plants is sourced from GlobalData’s oil & gas petrochemicals plants database that provides detailed information on all active and upcoming, petrochemical plants globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.