# Lotte Ineos Chemicals to add third VAM unit at Ulsan complex

Lotte Ineos Chemicals Company is preparing to add a third vinyl acetate monomer (VAM) unit at its Ulsan complex, with an estimated cost of US$171.8 million, adding 250,000 tonnes per year of VAM production. EPC selection is expected before Q1 2024 end, with construction starting in summer 2024.

- Type: Expansion
- Announced: 2024-01-26
- Where: Ulsan, South Korea
- Value: $171.8M
- Status: announced
- Capacity: 250,000 tonnes per year of VAM
- Products: vinyl acetate monomer (VAM)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte Ineos Chemicals Company](https://endata.com/companies/75227.md)
- [INEOS](https://endata.com/companies/9807.md) (partner)

## Sources

- [industrialinfo.com](https://www.industrialinfo.com/news/article/south-koreas-lotte-ineos-chemicals-to-expand-vam-production--327615), 2024-01-24: "Lotte Ineos Chemicals Company Limited is preparing to add a third vinyl acetate monomer (VAM) unit at its complex in Ulsan."

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