# LG Chem to invest KRW 2.6T in naphtha cracker and polyolefin expansion in Yeosu

LG Chem signed an investment agreement with Jeollanam-do and Yeosu City to invest KRW 2.6 trillion to expand NCC (naphtha cracking) and PO (polyolefin) production facilities at its Yeosu complex by 2021, adding 800,000 tonnes per year each of ethylene and polyolefins.

- Type: Expansion
- Announced: 2018-12-03
- Where: Yeosu, South Korea, South Korea
- Value: $2.30B (2600.0B KRW)
- Jobs: 300
- Starts operating: 2021
- Status: announced
- Capacity: 800,000 tonnes per year of ethylene and 800,000 tonnes per year of polyolefins
- Products: ethylene, polyolefins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20181203067600054), 2018-12-03: "LG화학은 2021년까지 여수산단 내 33만㎡ 부지에 에틸렌과 폴리올레핀을 연간 80만t씩 생산할 수 있는 시설을 증설한다."

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