Chemical Industry
Lotte Chemical completes HEC plant in Yeosu
It can produce 10,000 tons of high-value specialty products for Lotte Fine Chemical all in one place
By Feb 19, 2024 (Gmt+09:00)
1
Min read
Most Read
LG Chem to sell water filter business to Glenwood PE for $692 million


KT&G eyes overseas M&A after rejecting activist fund's offer


Mirae Asset to be named Korea Post’s core real estate fund operator


StockX in merger talks with Naver’s online reseller Kream


Meritz backs half of ex-manager’s $210 mn hedge fund



South Korea’s Lotte Chemical Corp. announced on Monday its commencement of commercial production at the plant of Hydroxy Ethyl Cellulose (product name: Hecellose) in Yeosu, South Jeolla Province earlier this month.
In December last year, Lotte Chemical constructed the Hecellose production facility on its Yeosu development site, specializing in Lotte Fine Chemical Co. 's key specialty product, Hecellose.
Hecellose, a cellulose derivative made from ethylene oxide and pulp, serves as an additive in various industries such as water-based paints, household goods, and cosmetics, providing viscosity and moisture retention.
With the completion of the Yeosu Hecellose plant, the entire process, from sourcing raw materials for 10,000 tons of Hecellose products to production, now takes place in one location.
Lotte Chemical has established a system to safely supply ethylene oxide, a key raw material for Hecellose products, through pipelines to the new plant, instead of conventional land transportation.
This enables Lotte Chemical to generate revenue through the sale of ethylene oxide products and commissioned production of Hecellose. Simultaneously, Lotte Fine Chemical will benefit from a stable raw material supply, strengthening its foundation for expanding the Hecellose business.
Write to Hyung-Kyu Kim at khk@hankyung.com
More to Read
-
PetrochemicalsLotte Chemical sells JV stakes in China, eyes other profitable markets
Oct 09, 2023 (Gmt+09:00)
3 Min read -
Chemical IndustryLotte Chemical launches eco-friendly material brand Ecoseed
Sep 19, 2023 (Gmt+09:00)
1 Min read -
PetrochemicalsLotte Chemical sells off debt-ridden JV to China's Sanjiang
Aug 16, 2023 (Gmt+09:00)
1 Min read -
EarningsLotte Chemical posts fifth straight quarterly operating loss in Q2
Aug 09, 2023 (Gmt+09:00)
1 Min read -
Carbon neutralityLotte Chemical, DL Energy team up to produce renewable energy
Jul 18, 2023 (Gmt+09:00)
1 Min read
Comment 0
LOG IN