South Korean company Lotte Chemical and GS Energy have signed a joint venture for producing Bisphenol a (BPA) and C4 oil products. The unit will be established at Lotte’s site in Seoul, South Korea. This joint venture will have a new name of Lotte GS Chemical Co with an investment of around $678-million by 2023 to build a plant with a production capacity of 200,000 t/y of BPA products and 210,000 t/y of C4 oil products. GS Energy, through its GS Caltex subsidiary, plans to supply the facility with propylene, benzene and C4 oil raw materials. Lotte GS Chemical will be owned 51% by Lotte and 49% by GS Energy.
