# Lotte Chemical to invest $74M in chemically recycled PET plant in Ulsan

Lotte Chemical will invest about 100 billion won ($74 million) to build a new plant in Ulsan that can handle waste PET to produce 45,000 tons of bis(2-hydroxyethyl terephthalate (BhET) per year, with production facility completion by 2024. The company also launched pilot production of chemically recycled PET.

- Type: Investment
- Announced: 2022-08-23
- Where: Ulsan, South Korea
- Value: $74.0M (100.0B KRW)
- Starts operating: 2024
- Status: announced
- Capacity: 45,000 tons per year of BhET
- Products: chemically recycled polyethylene terephthalate (C-rPET), bis(2-hydroxyethyl terephthalate (BhET)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20220823134436630), 2022-08-23: "Through this C-rPET pilot production, we have laid the foundation for converting the Ulsan plant into a green factory."

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