# LOTTE INEOS Chemical to build new 250,000 tonne VAM plant in Ulsan

LOTTE INEOS Chemical announced plans to build a third vinyl acetate monomer (VAM) plant in Ulsan, South Korea, increasing capacity from 450,000 to 700,000 tonnes per year. The plant is scheduled to start up by the end of 2025.

- Type: Expansion
- Announced: 2023-02-06
- Where: Ulsan, South Korea
- Starts operating: 2025
- Status: announced
- Capacity: 250,000 tonnes per year
- Products: vinyl acetate monomer (VAM)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LOTTE INEOS Chemical](https://endata.com/companies/68352.md)
- [INEOS](https://endata.com/companies/9807.md) (investor)
- [Lotte Group](https://endata.com/companies/36729.md) (investor)

## Sources

- [ineos.com](https://www.ineos.com/news/ineos-group/ineos--lotte-to-build-new-250000-tonne-vinyl-acetate-monomer-vam-plant-in-ulsan-south-korea/), 2023-02-06: "LOTTE INEOS Chemical has today announced plans to increase VAM production capacity from the current 450,000 tonnes to 700,000 tonnes with the addition of a third VAM plant."

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