# Lotte BP Chemical to invest 180 billion won in Ulsan acetic acid and VAM expansion

Lotte BP Chemical confirmed an 180 billion won expansion at its Ulsan plant to build acetic acid and vinyl acetate monomer capacity, with construction from January 2019 to September 2020 and commercial production from January 2021. The project is expected to create 50 direct jobs.

- Type: Expansion
- Announced: 2019-01-16
- Where: Ulsan, South Korea
- Value: $160.0M (180.0B KRW)
- Jobs: 50
- Status: announced
- Capacity: acetic acid 100,000 tonnes per year; vinyl acetate monomer 200,000 tonnes per year
- Products: acetic acid, vinyl acetate monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte BP Chemical](https://endata.com/companies/4477.md)
- [BP Chemicals](https://endata.com/companies/4478.md) (partner)

## Sources

- [electimes.com](https://www.electimes.com/news/articleView.html?idxno=172336), 2019-01-16: "울산시는 롯데그룹과 영국 BP화학 간 합작사인 롯데비피화학이 울산공장에 1800억원 규모의 대규모 증설투자를 확정했다고 밝혔다."

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