Lotte Chemical to Build $4 Billion Naphta Cracker Plant in Indonesia

lotte chemical

The Indonesian petrochemical operation of South Korean conglomerate Lotte Group is moving ahead on the fast-track to acquire land for a US$4 billion naphta cracker plant. Lotte Chemical Titan is building the new plant on a 40-hectare plot, near its already existing plant in Cilegon Banten, to increase its production capacity. The new plant is expected to take three to four years to build and reduce Indonesia’s dependence on imports of raw materials.

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