MOSCOW (MRC) -- Lotte Chemical Titan is plans to shut its Low density polyethylene (LDPE) unit for a maintenance turnaround, reported Apic-online.
A Polymerupdate source in Malaysia informed that the company will be taking its unit off-stream in December 2016. The unit is likely to shut in early-December and expected to remian off-line until end-December 2016.
Located at Pasir Gudang, Malaysia, the LDPE unit has a production capacity of 230,000 mt/year.
As MRC wrote before, Lotte Chemical Titan is studying the possibility of building a USD4 billion upstream plant to reduce imports of raw materials. Around 40% of the total investment needed for the new plant would be taken from the company’s internal cash, while the rest would be from bank loans. Lotte Chemical, which currently has a production capacity of 450,000 tons of polyethylene per year, expects the upstream plant to boost production capacity to 1 million tons by creating ethylene.
Lotte Chemical Titan produces Malaysia's most comprehensive portfolio of olefins and polyolefins which contribute to the enhancement of everyday life. Lotte Chemical Titan's production site in Malaysia consists of eleven process facilities, two co-generation plants and three tank farms. They are located on 2 sites in Pasir Gudang and Tanjung Langsat in the state of Johor. In 2006, Lotte Chemical Titan acquired PT Lotte Chemical Titan Nusantara, Indonesia’s first and largest polyethylene plant in the country. This acquisition boosted the polyolefins capacity by approximately 50%, thus making the company one of the largest producers in South East Asia. Lotte Chemical Titan was acquired by Lotte Chemical Corp., forming part of the Lotte conglomerate of Korea, in 2010. The company thus became one of Lotte Chemical Corp.’s largest overseas subsidiaries.
MRC