Lotte Group

South Korea

Activity by year

20192020202120222023202420252026

ExpansionContract

Announcements · 3

Feb 6, 2023EXPANSIONUlsan, South Koreaops 2025
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.
LOTTE INEOS Chemical INEOS investor Lotte Group investor #Specialty Chemicals #Plastics and Polymers ineos.com
Nov 29, 2022CONTRACTElizabethtown, Kentucky, United States$238.7M
SMS Group to supply logistics system for LOTTE's $238.7M aluminium foil plant in Kentucky
SMS Group will provide a logistics and storage system for LOTTE Group's $238.7 million aluminium foil plant in Elizabethtown, Kentucky, which will produce 36,000 tonnes per year of cathode foil for EV batteries. The collaboration was announced on November 29, 2022.
Lotte Chemical partner SMS group supplier Lotte Group customer Lotte Aluminium partner #Steel and Metal Products fastmarkets.com
Jan 16, 2019EXPANSIONUlsan, South Korea$160.0M50 jobsops Jan 2021
Lotte BP Chemical to invest 180 billion won in Ulsan acetic acid and VAM expansion
Lotte BP Chemical confirmed an 180 billion won expansion at its Ulsan plant to build acetic acid and vinyl acetate monomer capacity, with construction from January 2019 to September 2020 and commercial production from January 2021. The project is expected to create 50 direct jobs.
Lotte BP Chemical BP Chemicals investor BP Chemicals partner Lotte Group investor #Specialty Chemicals pressian.com electimes.com

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