# Lotte Chemical to invest $47.1M to double PIA capacity in Ulsan

Lotte Chemical Corp. will invest 50 billion won ($47.1 million) to add production facilities for purified isophthalic acid (PIA) at its plant in Ulsan, South Korea, nearly doubling capacity from 460,000 tons to 840,000 tons. Construction is expected to be completed by the second half of 2019.

- Type: Expansion
- Announced: 2018-01-16
- Where: Ulsan, South Korea, South Korea
- Value: $47.1M
- Starts operating: Q3 2019
- Status: announced
- Capacity: 840,000 tons per year
- Products: purified isophthalic acid, purified terephthalic acid
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md)

## Sources

- [polyestertime.com](https://www.polyestertime.com/lotte-chemical-pia-production/), 2018-01-16: "Lotte Chemical said on Monday its board approved the 50 billion won investment plan to ramp up its production facilities for PIA in Ulsan, South Gyeongsang Province."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.