South Korea's Lotte Ineos Chemicals to Expand VAM Production

Researched by Industrial Info Resources (Sugar Land, Texas)--Lotte Ineos Chemicals Company Limited (Ulsan, South Korea) is preparing to add a third vinyl acetate monomer (VAM) unit at its complex in Ulsan. Units 1 and 2 are operational and produce 450,000 tons per year of VAM.

Industrial Info is tracking the estimated US$171.8 million VAM Unit 3, which would add 250,000 tons per year of VAM production. The engineering, procurement and construction (EPC) provider is set to be selected before the end of the first quarter, and construction is expected to kick off this summer. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project and Plant databases can learn more from a detailed project report and plant profile.

Lotte Ineos is a subsidiary of INEOS Group AG (London, England), which also is planning a series of unit upgrades and turnarounds at its facilities across South Korea. Subscribers can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).