Lotte Chemical Decides on New Facility Investment Worth 290 Billion KRW
[Asia Economy Reporter Minji Lee] Lotte Chemical announced on the 20th that it has decided to invest in a production facility for organic solvents used in electric vehicle battery electrolytes at its Daesan plant. The investment amount is approximately 210 billion KRW, accounting for 1.5% of its equity capital. Additionally, the company has decided to invest in a chemical recycling facility for waste PET at its Ulsan plant, with an investment amount reaching 77 billion KRW, which is about 0.56% of its equity capital.
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