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Lotte Chemical USA and Westlake Chemical Corporation held an official opening ceremony on May 9, 2019, for their joint-venture ethylene and ethylene glycol production facility near Lake Charles, Louisiana. The $3.1 billion project broke ground in June 2016 and includes an ethane-cracker plant and an ethylene glycol plant on approximately 250 acres.
“Among Korean petrochemical companies, Lotte Chemical is the first to locate a project in the United States; as such, this project represents a significant investment by Lotte Chemical.”inspectioneering.com
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