Lotte Chemical and Westlake Chemical open $3.1B MEG plant in Lake Charles, Louisiana

A joint venture between Lotte Chemical USA and Westlake Chemical Corp. opened a new chemical plant in Lake Charles, Louisiana. The 250-acre facility produces monoethylene glycol (MEG) with an annual capacity of 700,000 metric tons, making it the world's largest MEG plant. Development costs were $3.1 billion, and it is expected to generate 250 permanent jobs.

“Among Korean petrochemical companies, Lotte Chemical is the first to locate a project in the United States.”rebusinessonline.com

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• rebusinessonline.comLotte Chemical, Westlake Chemical Open $3.1B Plant in Lake Charles, Louisiana - REBusinessOnlineJeff ShawMay 17, 2019

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