Related Keywords: LG Chem, to invest US$ 253 million in South Korea
LG Chem plans to invest US$253 million over the next three years to raise the ethylene production capacity of its naphtha cracking center by 230,000 tons.
The ethylene production capacity of LG Chem’s naphtha plant in Daesan of South Chungcheong Province will increase to 1.27 million tons, the largest production in the world as a single production facility.
LG Chem’s expanded Daesan plant, together with an additional naphtha cracking center based in Yeosu, will push up LG Chem’s net ethylene production capabilities to 2.43 million tons, the biggest in Korea.
