Lotte Chemical

Reuters | October 30, 2019

Mexican petrochemical company Alpek, a unit of conglomerate Alfa, has signed a deal to fully acquire a British plant from Lotte Chemical UK Limited, Alpek said in a statement on Tuesday. The plant, a unit of South Korea’s Lotte Chemical, has the capacity to produce 350,000 tonnes of polyethylene terephthalate (PET) per year and is located at Wilton, Teesside. Alpek, which did not disclose the purchase price, said the transaction will be finalized by the end of this year....

Chemical Technology | July 15, 2019

South Korean firm Lotte Chemical has said that it will build a petrochemical joint venture with GS Energy in South Korea. Both companies will invest KRW800bn ($677m) by 2023 in constructing the plant. The Lotte Group company and GS Energy signed an agreement earlier this year to form the joint venture, provisionally named Lotte-GS Chemical. The joint venture company will be set up in Yeosu, 450km south of Seoul. The joint venture company will produce chemical compounds, including 200,000t...

Nasdaq | January 15, 2020

Atotech, a Carlyle-backed specialty chemicals company carved out of Total, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion. The Berlin, Germany-based company was founded in 1993 and booked $1.2 billion in revenue for the 12 months ended September 30, 2019. It plans to list on the NYSE under the symbol ATC. Atotech filed confidentially on June 7, 2019. ...

PR Newswire | January 14, 2020

The new LDPE unit had not yet achieved beneficial operation (BO) as planned for in December 2019. The unit was in the final stages of commissioning and startup when the incident occurred. The unit has been shut down and an investigation is underway to determine the cause of the incident, the extent of the damage and resulting impact on the LDPE unit's BO schedule. All other Lake Charles units and previously commissioned LCCP units, namely the ethane cracker, ethylene glycol/ethylene oxide an...