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Lotte Titan likely to restart No. 3 LLDPE unit

January 20/2020

MOSCOW (MRC) -- Lotte Chemical Titan has planned to resume production at its No. 3 Linear low density polyethylene (LLDPE) unit, according to Apic-online.

A Polymerupdate source in Indonesia informed that the company is expected to restart the unit early this week. The unit was shut on December 20, 2020 owing to economic fundamentals.

Located at Cilegon, Indonesia, the No. 3 unit has a production capacity of 200,000 mt/year.

As MRC informed before, PT Lotte Titan Nusantara, Indonesia shut its LLDPE units at Cilegon from 4 to 12 August, 2019, owing to power failure. Located in Cilegon, Indonesia, the No. 1, 2 and 3 units have a production capacity of 125,000 mt/year, 125,000 mt/year and 200,000 mt/year respectively.

Besides, PT Lotte Titan Nusantara Indonesia restarted its No. 1 LLDPE unit at Cilegon in early December, 2019. The unit was shut owing to shortage of feedstock in early-November, 2019.

According to MRC's ScanPlast report, LLDPE shipments to the Russian market grew in the first eleven months of 2019 by 14% year on year to 362,740 tonnes. Domestic producers increased their output by 34%, thereby reducing dependence on imports by 6%.

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:PE, LLDPE, Honam Petrochemical, Lotte Chemical, Indonesia, Russia.
Category:General News
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