# Lotte Chemical and GS Energy to invest 800 bln won in petrochemical JV

Lotte Chemical Corp. and GS Energy Co. signed an agreement to form a joint venture, Lotte-GS Chemical Company, to produce bisphenol A (BPA) and C4 fraction products. They will invest a total of 800 billion won (US$677 million) by 2023 to build a plant in Yeosu, South Korea.

- Type: Investment
- Announced: 2019-07-15
- Where: Yeosu, South Korea
- Value: $677.0M (800.0B KRW)
- Jobs: 7,700
- Starts operating: 2023
- Status: announced
- Capacity: 200,000 tons of BPA and 210,000 tons of C4 fraction products per year
- Products: bisphenol A (BPA), C4 fraction products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md)
- [Lotte GS Chemical](https://endata.com/companies/10086.md) (partner)
- [GS Energy Co.](https://endata.com/companies/40627.md) (partner)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20190715003600320), 2019-07-15: "Lotte Chemical and GS Energy signed an agreement to form a joint venture, tentatively named Lotte-GS Chemical Company, this year to produce chemical compounds like bisphenol A (BPA) and C4 fraction."

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