Lotte’s US shale gas project now operational

Bursa Malaysia

PETALING JAYA: Lotte Chemical Titan Holding Bhd’s 40%-owned shale gas project in the United States began operations last month.

In stock filings with Bursa Malaysia, the petrochemical company said the large-scale petrochemical facility located in Lake Charles, Louisiana, comprised two manufacturing facilities that can produce one million tonnes of ethylene and 700,000 tonnes of mono-ethylene glycol per year.

“The Lotte Chemical USA Corp shale gas project, a 40:60 joint-venture investment project of Lotte Chemical and South Korean-based LOTTE Chemical Corp (LCC), commenced commercial operation in August 2019, ” the company said.

“It will expand the Lotte Group’s global presence and contribute meaningfully to LCC’s global ethylene production capacity which will reach 4.5 million tonnes per year, making it the largest domestic and seventh-largest producer of ethylene in the world, ” it added.