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
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
