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
Eastman Chemical Co. (Kingsport, Tenn.) announced it has acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region.
BASF and Israeli packager StePac have joined forces to create the “next generation” of fresh produce packaging. BASF will provide StePac with greater flexibility to advance contact-sensitive packaging formats to a higher sustainability standard by supplying StePac with Ultramid Ccycled – a chemically recycled polyamide 6.
TotalEnergies’ biorefinery in La Mède, France, allows direct access to renewable feedstock for its drop-in RE:newable polymer range derived from bio-based products. The company claims these polymers retain virgin-like properties.
