Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia

Malaysia's Lotte Chemical Titan said that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara.

Lotte Chemical Indonesia, which recently commissioned a cracker in Indonesia’s Banten province, will sell 350,000 tons of ethylene annually to Lotte Chemical Indonesia Nusantara beginning in September.

Lotte Chemical Titan indirectly controls a 92.5% stake in Lotte Chemical Titan Nusantara.

Lotte Chemical Corp’s large-scale petrochemical plant, LCI, in Banten province, is 51% owned by Lotte Chemical Titan.

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