GS Energy Co.

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.

Lotte Chemical Corp. and GS Energy Co. signed an agreement to form a joint venture, Lotte-GS Chemical Company, to produce bisphenol A (BPA) and C4 fraction products. They will invest a total of 800 billion won (US$677 million) by 2023 to build a plant in Yeosu, South Korea.