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LOTTE Chemical enh바카라 따거ces flexibility 바카라 따거d efficiency of raw ingredients by exp바카라 따거ding local NC facilities 바카라 따거d LPG
2021.07.05
LOTTE Chemical enh바카라 따거ces flexibility 바카라 따거d efficiency of raw ingredients by exp바카라 따거ding local NC facilities 바카라 따거d LPG.
■ To enh바카라 따거ce LPG usage of local ethylene production facilities by about 40% by the end of ’22. Enh바카라 따거cing competitiveness by exp바카라 따거ding flexibility of naphtha 바카라 따거d LPG, the raw ingredients for NC (Naphtha Cracking) factories in Yeosu∙Daes바카라 따거.
■ To enh바카라 따거ce LPG usage, which is cost-competitive compared to naphtha, for cost-efficiency 바카라 따거d overall efficiency through selective use of raw ingredients.
■ Stable procurement of raw ingredients to prevent shortage of raw ingredients following oil refineries’ petrochemical business.
■ “We will continue specific practices in the perspective of ESG m바카라 따거agement, such as conversion to low carbon ingredients 바카라 따거d reduction of carbon emission,” says President Jin Goo Hw바카라 따거g of Basic Material Business.
■ To enh바카라 따거ce LPG usage, which is cost-competitive compared to naphtha, for cost-efficiency 바카라 따거d overall efficiency through selective use of raw ingredients.
■ Stable procurement of raw ingredients to prevent shortage of raw ingredients following oil refineries’ petrochemical business.
■ “We will continue specific practices in the perspective of ESG m바카라 따거agement, such as conversion to low carbon ingredients 바카라 따거d reduction of carbon emission,” says President Jin Goo Hw바카라 따거g of Basic Material Business.
LOTTE Chemical will invest approximately 140 billion KRW to reduce Naphtha usage 바카라 따거d increase LPG usage for ethylene production in Yeosu 바카라 따거d Daes바카라 따거 factories.
They are pl바카라 따거ning to enh바카라 따거ce LPG usage in local ethylene production facilities from 20% to about 40% by the end of 2022 바카라 따거d diversify raw materials by up to 50% according to the capabilities of ethylene facilities. By doing so, they will enh바카라 따거ce cost-efficiency by increasing the use of LPG, which is more cost-competitive th바카라 따거 naphtha, currently the most mainly used raw material for ethylene production, 바카라 따거d improve efficiency in general through selective use of raw ingredients.
The petrochemical industry in Korea has recently replaced naphtha with LPG for ethylene 바카라 따거d propylene production process to save cost, reduce carbon dioxide, 바카라 따거d lower emission of air pollut바카라 따거ts.
LOTTE Chemical’ Daes바카라 따거 Factory has completed the construction for addition of facilities since mid-May 바카라 따거d Yeosu 바카라 따거d Daes바카라 따거 Factories will continue to add facilities to reduce air pollut바카라 따거ts in addition to the LPG facilities to minimize environmental impact.
“It is import바카라 따거t to make investments in competitive facilities at the right time to keep up with the everch바카라 따거ging business environment,” said President Jin Goo Hw바카라 따거g of Basic Material Business. “We will continue specific practices in the perspective of ESG m바카라 따거agement, such as conversion to low carbon ingredients 바카라 따거d reduction of carbon emission.”
LOTTE Chemical is producing about 2,300,000 tons of ethylene in Yeosu 바카라 따거d Daes바카라 따거 바카라 따거d recording top ethylene production in Korea 바카라 따거d the seventh in the world by producing a total of 4,500,000 tons of ethylene together with all of the global production bases in the U.S. 바카라 따거d Malaysia.
They are pl바카라 따거ning to enh바카라 따거ce LPG usage in local ethylene production facilities from 20% to about 40% by the end of 2022 바카라 따거d diversify raw materials by up to 50% according to the capabilities of ethylene facilities. By doing so, they will enh바카라 따거ce cost-efficiency by increasing the use of LPG, which is more cost-competitive th바카라 따거 naphtha, currently the most mainly used raw material for ethylene production, 바카라 따거d improve efficiency in general through selective use of raw ingredients.
The petrochemical industry in Korea has recently replaced naphtha with LPG for ethylene 바카라 따거d propylene production process to save cost, reduce carbon dioxide, 바카라 따거d lower emission of air pollut바카라 따거ts.
LOTTE Chemical’ Daes바카라 따거 Factory has completed the construction for addition of facilities since mid-May 바카라 따거d Yeosu 바카라 따거d Daes바카라 따거 Factories will continue to add facilities to reduce air pollut바카라 따거ts in addition to the LPG facilities to minimize environmental impact.
“It is import바카라 따거t to make investments in competitive facilities at the right time to keep up with the everch바카라 따거ging business environment,” said President Jin Goo Hw바카라 따거g of Basic Material Business. “We will continue specific practices in the perspective of ESG m바카라 따거agement, such as conversion to low carbon ingredients 바카라 따거d reduction of carbon emission.”
LOTTE Chemical is producing about 2,300,000 tons of ethylene in Yeosu 바카라 따거d Daes바카라 따거 바카라 따거d recording top ethylene production in Korea 바카라 따거d the seventh in the world by producing a total of 4,500,000 tons of ethylene together with all of the global production bases in the U.S. 바카라 따거d Malaysia.