# Lotte Chemical and GS Energy to form joint venture for petrochemical plant in Yeosu

Lotte Chemical and GS Energy signed an investment agreement worth 800 billion won to establish a joint venture in Yeosu National Industrial Complex, South Korea. The joint venture will build a petrochemical plant producing 210,000 tonnes of C4 fraction and 200,000 tonnes of BPA annually, creating 145 direct and 7,000 indirect jobs.

- Type: Investment
- Announced: 2019-12-10
- Where: Yeosu, South Korea, South Korea
- Value: $680.0M (800.0B KRW)
- Jobs: 145
- Status: announced
- Capacity: 210,000 tonnes C4 fraction, 200,000 tonnes BPA per year
- Products: C4 fraction, BPA (bisphenol A)
- 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) (partner)
- [GS Energy Co.](https://endata.com/companies/40627.md) (partner)

## Sources

- [m-i.kr](https://www.m-i.kr/news/articleView.html?idxno=663032), 2019-12-10: "롯데케미칼㈜과 GS에너지㈜가 뜻을 모아 8천억 원대 대규모 투자를 결정한 것은 동종 업계에 좋은 본보기가 될 것"

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