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LOTTE Chemical enhances flexibility and efficiency of raw ingredients by expanding local NC facilities and 토토 베이
2021.07.05
LOTTE Chemical enhances flexibility and efficiency of raw ingredients by expanding local NC facilities and 토토 베이.
■ To enhance 토토 베이 usage of local ethylene production facilities by about 40% by the end of ’22. Enhancing competitiveness by expanding flexibility of naphtha and 토토 베이, the raw ingredients for NC (Naphtha Cracking) factories in Yeosu∙Daesan.
■ To enhance 토토 베이 usage, which is cost-competitive compared to naphtha, for cost-efficiency and overall efficiency through selective use of raw ingredients.
■ Stable procurement of raw 토토 베이 to prevent shortage of raw 토토 베이 following oil refineries’ petrochemical business.
■ “We will continue specific practices in the perspective of ESG management, such as conversion to low carbon ingredients and reduction of carbon emission,” says President Jin Goo Hwang of Basic Material Business.
■ To enhance 토토 베이 usage, which is cost-competitive compared to naphtha, for cost-efficiency and overall efficiency through selective use of raw ingredients.
■ Stable procurement of raw 토토 베이 to prevent shortage of raw 토토 베이 following oil refineries’ petrochemical business.
■ “We will continue specific practices in the perspective of ESG management, such as conversion to low carbon ingredients and reduction of carbon emission,” says President Jin Goo Hwang of Basic Material Business.
LOTTE Chemical will invest approximately 140 billion KRW to reduce Naphtha usage and increase 토토 베이 usage for ethylene production in Yeosu and Daesan factories.
They are planning to enhance 토토 베이 usage in local ethylene production facilities from 20% to about 40% by the end of 2022 and diversify raw materials by up to 50% according to the capabilities of ethylene facilities. By doing so, they will enhance cost-efficiency by increasing the use of 토토 베이, which is more cost-competitive than naphtha, currently the most mainly used raw material for ethylene production, and improve efficiency in general through selective use of raw ingredients.
The petrochemical industry in Korea has recently replaced naphtha with 토토 베이 for ethylene and propylene production process to save cost, reduce carbon dioxide, and lower emission of air pollutants.
LOTTE Chemical’ Daesan Factory has completed the construction for addition of facilities since mid-May and Yeosu and Daesan Factories will continue to add facilities to reduce air pollutants in addition to the 토토 베이 facilities to minimize environmental impact.
“It is important to make investments in competitive facilities at the right time to keep up with the everchanging business environment,” said President Jin Goo Hwang of Basic Material Business. “We will continue specific practices in the perspective of ESG management, such as conversion to low carbon ingredients and reduction of carbon emission.”
LOTTE Chemical is producing about 2,300,000 tons of 토토 베이 in Yeosu and Daesan and recording top 토토 베이 production in Korea and the seventh in the world by producing a total of 4,500,000 tons of 토토 베이 together with all of the global production bases in the U.S. and Malaysia.
They are planning to enhance 토토 베이 usage in local ethylene production facilities from 20% to about 40% by the end of 2022 and diversify raw materials by up to 50% according to the capabilities of ethylene facilities. By doing so, they will enhance cost-efficiency by increasing the use of 토토 베이, which is more cost-competitive than naphtha, currently the most mainly used raw material for ethylene production, and improve efficiency in general through selective use of raw ingredients.
The petrochemical industry in Korea has recently replaced naphtha with 토토 베이 for ethylene and propylene production process to save cost, reduce carbon dioxide, and lower emission of air pollutants.
LOTTE Chemical’ Daesan Factory has completed the construction for addition of facilities since mid-May and Yeosu and Daesan Factories will continue to add facilities to reduce air pollutants in addition to the 토토 베이 facilities to minimize environmental impact.
“It is important to make investments in competitive facilities at the right time to keep up with the everchanging business environment,” said President Jin Goo Hwang of Basic Material Business. “We will continue specific practices in the perspective of ESG management, such as conversion to low carbon ingredients and reduction of carbon emission.”
LOTTE Chemical is producing about 2,300,000 tons of 토토 베이 in Yeosu and Daesan and recording top 토토 베이 production in Korea and the seventh in the world by producing a total of 4,500,000 tons of 토토 베이 together with all of the global production bases in the U.S. and Malaysia.