Latest news with #supplydeal
CNA
6 days ago
- Business
- CNA
Lotte Chemical Titan secures $3 billion ethylene supply deal in Indonesia
NEW DELHI :Malaysia's Lotte Chemical Titan said on Monday that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara. Lotte Chemical Indonesia (LCI), which recently commissioned a cracker in Indonesia's Banten province, will sell 350,000 tonnes of ethylene annually to Lotte Chemical Indonesia Nusantara (LCTN) beginning in September. Lotte Chemical Titan indirectly controls a 92.5 per cent stake in Lotte Chemical Titan Nusantara. Lotte Chemical Corp's large-scale petrochemical plant, LCI, in Banten province, is 51 per cent owned by Lotte Chemical Titan.
Reuters
6 days ago
- Business
- Reuters
Lotte Chemical Titan secures $3 billion ethylene supply deal in Indonesia
NEW DELHI, July 7 (Reuters) - Malaysia's Lotte Chemical Titan said on Monday that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara. Lotte Chemical Indonesia (LCI), which recently commissioned a cracker in Indonesia's Banten province, will sell 350,000 tonnes of ethylene annually to Lotte Chemical Indonesia Nusantara (LCTN) beginning in September. Lotte Chemical Titan indirectly controls a 92.5% stake in Lotte Chemical Titan Nusantara. Lotte Chemical Corp's ( opens new tab large-scale petrochemical plant, LCI, in Banten province, is 51% owned by Lotte Chemical Titan.
