Lotte Chemical plans to invest $4 billion in S. East Asia

According to media reports, Lotte Chemical is planning to make further investments in petrochemical sector in Southeast Asia. Accordingly, the company will invest nearly $4 billion to expand the capacity of Lotte Chemical Titan‘s 2 million tons/year naphtha cracking center in Malaysia. The company also voiced its intention to increase the capacity of the naphtha cracking center in Indonesia although the details about the amount of the investment and the scale of the expansion are not yet clear.

In addition to these investments, the company is working on expanding its ethylene and propylene plants in Yeosu, South Korea by 200,000 tons/year and 100,000 tons/year, respectively.

The Group had previously made other investments in Asia, which include the acquisition of Samsung SDI’s chemical business unit, Samsung Fine Chemicals and Samsung BP Chemicals as well as the construction of the Surgil Gas Chemical Complex in Uzbekistan for a total investment of about $6.5 billion.