MOSCOW (MRC) -- Lotte Chemical, a subsidiary of Lotte Group, has restarted its aromatics plant following a short maintenance turnaround, as per Apic-online.
A Polymerupdate source in South Korea informed that the plant restarted on July 16, 2015. It was under a weeklong maintenance turnaround.
Located at Daesan in South Korea, the plant has a benzene capacity of 240,000 mt/year, toluene capacity of 120,000 mt/year and solvent-MX capacity of 72,000 mt/year.
As MRC informed before, in mid-April 2015, Lotte Chemical restarted its styrene monomer (SM) plant in South Korea following a three-week maintenance turnaround. Located at Daesan in South Korea, the plant has a production capacity of 580,000 mt/year.
We remind that in early 2013, a major South Korean pertochemical and polymer producer, Honam Petrochemical, and one of the largest South Korean PET and PTA producer, KP Chemical, decided to merge into a new company with a new name Lotte Chemical Corporation. The newly formed company believes that this move will strengthen its position both in domestic and international markets and is in a line with Lotte Chemical's strategy to become a leading global company.
The Lotte Group currently has a presence in Indonesia via its subsidiary, Honam Petrochemicals, which acquired Malaysia’s polyolefin major Titan Chemicals in July 2010. Included in the acquisition was Titan’s Indonesian subsidiary - PT Titan Petrokimia Nusantara (TPN), which has a polyethylene (PE) production capacity of 450,000 tonnes/year.
MRC