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Lotte Suspends Naphtha Cracker To Mitigate Consecutive Losses
Lotte Chemical Titan, after recording losses for nine consecutive quarters, has shut down operations of a naphtha cracker (NC1) plant at Pasir Gudang, Johor, Malaysia.NC1 has a production capacity of 430 kta of in-termediate petrochemicals, including ethylene and propylene. Parent company Lotte Chemical recently suspended production lines for ethylene glycol and its derivatives at Plant 2 within the Yeosu National Industrial Complex in South Joelle Province, South Korea, citing continuing losses. Earlier last year, Lotte Chemical halted polyethylene terephthalate production lines at the Yeosu complex.
Date:
2025/01/09
