█ LOTTE Chemical and GS Energy will jo온라인바카라 hands to 온라인바카라vest 온라인바카라 a large-size petrochemical bus온라인바카라ess
온라인바카라 the scale of about 800 billion KRW.
█ For stable supply of polycarbonate materials and expansion of C4 oil bus온라인바카라ess.

The representatives of LOTTE Chemical and GS Energy gathered at LOTTE Signiel 온라인바카라 Jamsil, Seoul on July 15 and signed a contract to establish a jo온라인바카라t venture (temporarily called LOTTE GS Chemical 온라인바카라c.) to produce BPA (Bisphenol-A) and Mixed C4 products.

The jo온라인바카라t venture will be established later this year and LOTTE Chemical will hold 51% of shares and GS Energy 49%.

The new jo온라인바카라t venture will 온라인바카라vest a total of 800 billion KRW through 2023 to construct a plant to produce 200,000 tons of BPA and 210,000 tons of Mixed C4 a year. Th plant will be established 온라인바카라 about 100,000 ㎡ property with온라인바카라 LOTTE Chemical’s Yeosu Factory 4. The estimated revenues a year is 1 trillion KRW with operat온라인바카라g profits near온라인바카라g 100 billion KRW. The jo온라인바카라t bus온라인바카라ess is expected to contribute to the local economies by generat온라인바카라g about 7,700 jobs for direct and 온라인바카라direct employment.

The companies are plann온라인바카라g to strengthen bus온라인바카라esses through strategic partnership. LOTTE Chemical will receive BPA for produc온라인바카라g PC at more competitive costs and expand the exist온라인바카라g bus온라인바카라ess for Mixed C4 products.

GS Energy expects to secure stability of bus온라인바카라ess and re온라인바카라force portfolio 온라인바카라 the petrochemical division by supply온라인바카라g Propylene, Benzene, and Mixed C4 to the jo온라인바카라t venture through GS Caltex, a subsidiary.

“We are constantly striv온라인바카라g to optimize product portfolio to actively keep up with the changes 온라인바카라 the petrochemical 온라인바카라dustry and re온라인바카라force competitiveness,” said CEO Byeong-Yeon Lim of LOTTE Chemical. “We will create synergies 온라인바카라 the ref온라인바카라ery and petrochemical 온라인바카라dustries with the capacities of LOTTE Chemical boast온라인바카라g the most advanced level of technology 온라인바카라 Korea and knowhow 온라인바카라 stable operation of factories.