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Lotte Chemical plans maintenance at Ulsan PET line

October 17/2019

MOSCOW (MRC) -- Lotte Chemical is likely to shut its polyethylene terephthalate (PET) line for a turnaround, as per Apic-online.

A Polymerupdate source in South Korea informed that the company has planned to halt operations at the plant in end-October, 2019. The plant is intended to remain off-line for about one or two weeks.

Located at Ulsan, South Korea, the PET plant has a production capacity of 180,000 mt/year.

The company has three lines at its site in Ulsan with a total capacity of 450,000 mt/year.

As MRC wrote previously, in October 2015, Lotte Chemicals conducted maintenance at its PET plant in Ulsan for a period of around two weeks. Located in Ulsan, South Korea, the plant has a production capacity of 450,000 mt/year.

According to MRC's DataScope report, Chinese bottle grade PET deliveries to Russia increased 34% in the first eight months of 2019 to 95,600 tonnes. China accounted for 90% of the total imports, compared to 85% a year earlier.
August imports of material from China decreased by 41% to 7,600 tonnes from 12,800 tonnes in July. Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec were the leading Chinese suppliersof material to the Russian market.

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, Indonesias 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.
Author:Margaret Volkova
Tags:PET-granulate, packaging, PET bottles, Honam Petrochemical, Lotte Chemical, Russia, South Korea.
Category:General News
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