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Korea's Lotte GS establishes chemical joint venture

 Last Update: 2022-08-17
 Source: Internet
 Author: User

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Lotte, which ranks fifth in the Korean business community, and GS, which ranks eighth, will invest 800 billion won to set up a joint venture focusing on the chemical indust.

Lotte Chemical and GS Energy signed a contract to establish a domestic joint venture on July 1 The two companies will invest 800 billion won in the Yeosu Industrial Park to build a chemical material (bisphenol A, carbon 4 distillate) plant, of which Lotte Chemical holds a sta.

This is not the first time the Korean business community has been consolidating around the chemical indust.

Oil refining companies have formed alliances with chemical companies in order to create greater synergy effects from the alliance between these two types of compani.

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