Malaysia’s Lotte Chemical Titan inks 3-year naphtha deal with Saudi Aramco

SINGAPORE (ICIS)–Malaysia-based LOTTE Chemical Titan (LCT) has signed a three-year naphtha sales contract with Saudi Aramco, according to the company in a bourse statement.

The naphtha, estimated at between 300,000-400,000 tonnes/year, will be supplied by Aramco’s unit in Singapore, said LCT on Friday.

“Aramco is a major feedstock supplier of naphtha … and has been our long-term supplier,” the company said.

The contract will run from July 2025 to June 2028, while the pricing will be based on the market price.

LCT operates 12 plants across two sites in Malaysia and holds a 40% share in LOTTE Chemical USA Corp. It has three polyethylene plants in Indonesia through PT LOTTE Chemical Titan Nusantara.

LCT is a subsidiary of South Korean major LOTTE Chemical Corp under the LOTTE Group.