South Korea: Production of Elastomers Lotte Versalis Commissions Integrated Plant for Elastomer Production
Lotte Versalis Elastomers has opened a new integrated industrial complex for the production of elastomers in Yeosu, South Korea.
San Donato Milanese/Italy — The new plant of Lotte Versalis Elastomers, a 50:50 joint venture between Versalis (Eni) and Lotte Chemical, a petrochemical company headquartered in South Korea, have been built in 26 months and according to advanced European technological standards. This opening is part of the Italian oil company’s strategy to transform its chemical business also through international development.
The industrial complex has a nameplate capacity of 200 kton/year of elastomers (EPDM, Ethylene-Propylene Diene Monomer; s-SBR, solution-Styrene Butadiene; BR, Butadiene Rubber). The production streams are targeted to premium application segments, mainly tyre and automotive industries, styrenics modification and technical goods.
The joint venture, established in 2013 with the aim of targeting growth in the Asian elastomers market, uses Versalis’ technology, industrial expertise and commercial network, as well as Lotte Chemical’s site integration, which ensures the availability of feedstocks and industrial facilities.
Versalis is present in the Asia-Pacific region through its commercial units in Shanghai, Qingdao, Mumbai and Singapore.