Lotte Chemical Corp. is adding a chemical compound plant in its petrochemical complex in Yeosu, South Jeolla Province, South Korea. The plant will be completed by the end of the year through a joint venture with GS Energy Corp., an energy specialized holding company of the GS Group. The two Korean companies signed the agreement […]

South Korea’s Hyundai Oilbank announced on 9 May that it has signed a memorandum of agreement (MOA) with Lotte Chemical Corp. to build a new heavy feed‑based petrochemical complex (HPC) through their existing joint venture, Hyundai Chemical Corp. Hyundai Chemical is owned 60% by Hyundai Oilbank and 40% by Lotte Chemical, but the ratio of […]

Hyundai Oilbank said that its Hyundai Chemical plant, a joint-venture with Lotte Chemical, has begun to produce mixed xylene. The plant, which is located in Seosan, South Chungcheong Province, South Korea, will produce 1.2 million tonnes of mixed xylene and 1 million tonnes of light naphtha annually. Mixed xylene is a feedstock for xylene, which […]