S Korea’s Lotte Chemical signs EPC contracts for Indonesian LINE project

SINGAPORE (ICIS)–Lotte Chemical has signed the key work contracts for its new $3.95bn petrochemical complex at Cilegon in Banten, Indonesia with Hyundai Engineering and Lotte Engineering & Construction Co.

The Lotte Chemical Indonesia New Ethylene (LINE) project is scheduled to be completed in 2025 and is expected to produce 1m tonnes/year of ethylene, 520,000 tonnes/year of propylene, 250,000 tonnes/year of polypropylene (PP) and 140,000 tonnes/year of butadiene (BD), it said in a statement.

Hyundai Engineering will be awarded the $757.2m engineering, procurement and construction (EPC) contract for the cracker facility at the complex, Malaysia-based subsidiary Lotte Chemical Titan said in a statement on 7 January.

At the same time the EPC contracts covering works for the downstream plants and other infrastructure facilities was awarded to Lotte Engineering & Construction Co and Indonesia’s Jaya Teknik Konstruksi.

“All the pivotal aspects of the construction of the Indonesia LINE Project [Lotte Chemical Indonesia New Ethylene Project]… are now in place and we are set to commence the full project construction this year and the project will be slated for completion by 2025,” said Lotte Chemical Titan president and CEO Park Hyun Chul.