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12-23-2015

Axiall and Lotte to Build Ethylene Plant in the U.S.

Axiall Corporation, Atlanta, GA/USA, and Lotte Chemical Corporation, Seoul, Republic of Korea, announced that they have reached a final investment decision to construct an ethane-based ethylene plant in Lake Charles, LA/USA, that would be expected to produce approximately one million metric tons of ethylene annually. The plant will provide partial backward integration for Axiall’s vinyls business and will supply a new monoethylene glycol (MEG) facility being built by Lotte, adjacent to the new ethylene plant.

The state-of-the-art steam cracking facility will be built by LACC LLC, the joint-venture company recently formed by Axiall and Lotte, adjacent to Axiall’s largest chlor-alkali chemical facility, located in Lake Charles, to take advantage of Axiall’s existing infrastructure, access to competitive feedstock resources, and ethylene distribution infrastructure. The facility’s anticipated start-up would be the beginning of 2019.

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