Lotte Chemical announces completion of Surgil petchem complex

According to media reports, South Korea’s Lotte Chemical celebrated the completion of their new joint venture petrochemical complex located in the Surgil gas field in Uzbekistan. The construction of the Surgil petrochemical complex had been started in 2006 while the complex was completed in September 2015 and commercial production started in January.

For the Surgil petrochemical project, Lotte Chemical formed a consortium with KOGAS and GS E&R Corp for a 50:50 joint venture “UZ-KOR” with the state-run Uzbek oil company Uzbekneftegaz National Holding Co. (UNG). UNG has 50% stake in the project while the other 50% is owned by the Korean consortium - 24.5% by Lotte Chemical, 22.5% by KOGAS, and 3% by GS E&R.

The new complex can produce natural gas as well as 390,000 tons/year of HDPE and 80,000 tons/year of PP.