Axiall and lotte chemical hold lacc ethane cracker. Today, louisiana commissioner of administration jay dardenne and louisiana economic development secretary don pierson joined republic of korea ambassador ahn hoyoung, lotte group. Lotte joined with axiall and westlake chemical in separate projects to build ethane crackers. Lacc llc, a joint venture of lotte chemical and axiall corp. Lacc is an 8812 joint venture between lotte chemical usa and eagle. Axiall corporation axiall is already a proud employer of more than 1,600 people in louisiana, and we view the communities where we live and work as key business partners.
Lotte chemical starts production of ethylene glycol at. Lotte chemical usa has an 88% stake in the lake charles plant and. Usbased joint venture jv lotte chemical usa lc usa has begun commercial operations at its ethane cracker and monoethylene glycol meg plants. Learn more about lacc lacc is a joint venture between axiall corporation, based in atlanta, georgia, and lotte chemical corporation of south korea. Lotte chemical usa starts commercial operations at new ethane. Exxonmobil, sabic to proceed with usgc petchem project.
The plant will sell half of the ethylene produced by the plant to axiall and. Axiall, lotte to construct ethylene cracker axiall corporation is part of a joint venture company, lacc, that has reached a final investment decision to construct and operate a 1 million ton or approximately 2 billion poundsyear ethylene production facility in calcasieu parish. Lotte chemical louisiana llc, a subsidiary of south koreas lotte chemical corp. Ethane cracker joint venture in lake charles, combined with lotte plant, to result in 2,100 direct, indirect jobs. Lotte chemical usa will use 25 percent of the proceeds from the transfer.
Moscow mrc lotte chemical titan holding kuala lumpur. Lotte chemical of south korea is the joint venture partner, and. Key representatives from lotte chemical, axiall corporation, south korea and the state of louisiana broke ground during the june 14 groundbreaking ceremony for the lacc site, where an ethane cracker and meg plant will soon be built. Laac ethane cracker, lake charles, louisiana chemical. Our two existing plant sites in lake charles are well established, and we are actively involved in the local community. Lotte chemical facility in lake charles is now online. Our construction site is just west of our largest chemicals plant, where we. Lotte chemical usa begins operations at ethane cracker and meg. Us axiall, lotte decide to build ethane cracker in louisiana. Ethane cracker joint venture in lake charles, combined with lotte plant. Lotte previously said the meg plant also is due for startup in. Approximately 50% of the plants output is expected to be acquired by axiall to produce vinyl chloride monomer and other products, while lotte plans to use.
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