'Lotte Chemical Line Project with "99% Completion Rate"... CEO Lee Young-jun Visits Site'

Indonesia Petrochemical Complex Project Nears Completion
Pilot Production Expected in First Half of the Year
Lee: "Please Complete Construction with Safety as the Top Priority"

Lee Young-jun, CEO of Lotte Chemical, visited the nearly completed Indonesia Line Project site. The Line Project is a business to establish a mega petrochemical complex in Cilegon City, Banten Province, Indonesia.

On the 8th, Lotte Chemical announced that CEO Lee inspected the progress of the Line Project site on the 4th. At the site, CEO Lee urged to complete the construction without any setbacks while prioritizing safety. He is reported to have said, "Let's actively create synergy by utilizing the know-how and business capabilities of our overseas operations." The current progress rate of the Line Project has exceeded 99%, with pilot production scheduled for the first half of the year.

Lee Young-jun, CEO of Lotte Chemical (third from the left), is inspecting the line project site located in Cilegon City, Banten Province, Indonesia, on the 4th. Lotte Chemical

On the same day, CEO Lee also attended a meeting with Indonesia's largest petrochemical product distributor. Through this meeting, both parties agreed to expand their ongoing collaboration in production and sales within Indonesia and jointly develop new products. Upon completion of the Line Project, annual production capacity will reach 1 million tons of ethylene, 520,000 tons of propylene (PL), and 250,000 tons of polypropylene (PP).

According to Lotte Chemical, on the 3rd, CEO Lee visited the Lotte Chemical Titan plant located in Johor Bahru, Malaysia, to encourage the employees' hard work. At the site, CEO Lee emphasized the importance of safe workplace operations and customer management. He stated, "Safety is the foundation of the chemical equipment industry," and added, "We will promptly support any necessary measures to ensure safe plant operations."

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