Lotte Construction Wins $3.9 Billion Project for Petrochemical Complex Development in Indonesia

On the 7th, the EPC contract signing ceremony for the 'Indonesia LINE Project' was held at Lotte World Tower in Songpa-gu, Seoul. From the left: Ha Seok-ju, CEO of Lotte Construction; Hwang Jin-gu, Head of Basic Materials Business at Lotte Chemical; Kim Gyo-hyun, Vice Chairman and CEO of Lotte Chemical; Gandhi Sulistiyanto, Ambassador of Indonesia to Korea; Hong Hyun-sung, Head of Plant Business Division at Hyundai Engineering.

Lotte Construction announced on the 9th that it has been selected as the contractor for Lotte Chemical's 'Indonesia LINE Project' and held an EPC (Engineering, Procurement, and Construction) contract signing ceremony at Lotte World Tower.

The 'Indonesia LINE Project' is a project to establish a mega petrochemical complex on approximately 990,000㎡ of land in the Cilegon area, located about 90 km northwest of Jakarta, the capital of Indonesia, with a total project cost of 3.9 billion USD.

The project aims for completion in 2025, and once completed, it will produce 1 million tons of ethylene, 520,000 tons of propylene (PL), 250,000 tons of polypropylene (PP), and 140,000 tons of butadiene (BD) annually.

Lotte Construction will carry out EPC worth 1.632 billion USD for the Indonesia LINE Project, including facilities for polypropylene (PP), benzene, toluene, xylene (BTX), butadiene (BD) production, utility infrastructure, and port facilities.

With this order, the company expects to secure a favorable position in the competition for petrochemical project orders in the Southeast Asian market, which is its main market.

A Lotte Construction official said, "We have strengthened our plant business capabilities to win the LINE Project, which lays the foundation for the development of Indonesia's petrochemical industry," adding, "We will do our best to successfully complete the project and plan to expand our entry into the Southeast Asian petrochemical EPC business based on this project experience."

Meanwhile, the contract signing ceremony was held on the 7th via an online video conference between Indonesia and Korea. Attendees included Lotte Construction CEO Ha Seok-ju, Lotte Chemical Vice Chairman and CEO Kim Kyo-hyun, Lotte Chemical Basic Materials Business CEO Hwang Jin-gu, Indonesian Ambassador to Korea Gandhi Sulistyo, Indonesian Minister of Investment Bahlil Lahadalia, Korean Ambassador to Indonesia Park Tae-sung, and Lee Kwan-ho, CEO of LCI, a subsidiary of Lotte Chemical Titan.

This content was produced with the assistance of AI translation services.