Lotte Chem fortifies green biz cooperation with US state of Louisiana

• Published date: 10 March 2023
• Publication title: The Korea Times

The top executives of Lotte Chemical met Louisiana Governor John Bel Edwards, Thursday, to fortify cooperation in the green energy business, according to market watchers, Friday.

The U.S. state of Louisiana is where the chemical affiliate of Lotte Group built a manufacturing complex. It was the first time that a local chemical firm established a production facility in the U.S.

The Lotte affiliate has an ethane cracking center (ECC) and ethylene glycol plant in Lake Charles, Louisiana, with a capacity of producing 1 million tons of ethylene and 700,000 tons of mono-ethylene glycol.

Ethylene is widely used in the chemical industry. Much of it goes toward polyethylene, the most commonly produced plastic. It is a polymer, primarily used for packaging, including plastic bags, plastic film, geomembranes and containers including bottles.

Mono-ethylene glycol is a vital ingredient for the production of polyester fibers and film, polyethylene terephthalate resins and engine coolants. End uses for the ingredient range from clothing and other textiles, packaging and kitchenware, engine coolants and antifreeze.

Lotte Chemical Vice Chairman Kim Kyo-hyun and the firm's basic material business President Hwang Jin-koo met with the governor for discussions on the firm's...