People & Business :: Companies
Report: Lotte subsidiary to build naphtha cracker in Indonesia
7:51 AM MDT | April 2, 2013 | Francinia Protti-Alvarez
Titan Kimia Nusantara (Jakarta), a subsidiary of Lotte (Seoul), plans to build a naphtha cracker complex near the company’s industrial plant at Merak, Indonesia, with capacity for 700,000 m.t./year of ethylene and 500,000 m.t./year of propylene, according to a report from the Jakarta Post. Titan would invest $3–5 billion to build the cracker, with construction expected to start in 2017. Construction has initially been planned to commence in 2013 but has been delayed by issues around securing the land rights, the report says. The cracker is...
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