Issue 22/2021 - Rakuten Chemical Indonesia cracking project will start construction next year

Lotte Chemical Indonesia cracking project will start construction next year

Recently, Lotte Chemical Titan (LCT), a subsidiary of LOTTE Chemical, said that in view of the improvement of the epidemic situation in Indonesia, the previously announced Cilegon steam cracking and derivatives complex plant in Indonesia has been ready
to start construction.
Lotte Chemical Indonesia New Ethylene Project (LINE) is expected to begin construction in 2022 and is scheduled for completion
in 2025.
The project will cost about $3.
9 billion to build, with LCT 51% owned and Lotte Chemical 49%.

Rakuten Chemical said the plant will consume 3.
2 million mt/year of naphtha and liquefied petroleum gas (LPG) as feedstock to produce 1 million mt/year of ethylene and 520,000 mt/year of propylene, 250,000 mt/year of polypropylene (PP) and 140,000 mt/year of butadiene
.

Rakuten Chemical expects annual sales of the project to reach $2.
06 billion, which will strengthen the group's position
in the Southeast Asian market.