Lotte Chemical has commissioned a 700,000-metric tons/year ethylene glycol (EG) plant at Lake Charles, Louisiana. The facility, built by Samsung Engineering using the Scientific Design technology, forms part of Lotte’s $3.1 billion joint venture (JV) with Westlake.
Lotte Chemical holds 90% in the JV, with Westlake holding the rest. The project is based on a 1 million metric tons/year ethylene plant, due onstream in the first half of the year. Lotte will offtake 50% of the ethylene for the EG plant and Westlake will take 10% as per its shareholding. Lotte will sell the remaining 40% of the ethylene to Westlake for its use.
By Natasha Alperowicz
Source: Chemical Week
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
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Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
