By Kim Yoo-chul
Lotte Chemical, the Lotte Group's chemical affiliate, has completed construction of a big gas plant in Uzbekistan.
The "Surgil project," was a result of collaboration between Korea Gas Corp, Lotte Chemical and GS E&R.
Completion of the plant comes more than eight years after the South Korean group set up a joint venture with Uzbekistan's state-own oil gas company to create Uz-Kor Gas Chemical LLC.
Lotte said the gas from the Uzbekistan plant had been commercially available since January this year.
Lotte added that completion of the petrochemical complex made Lott the first Korean company to export its petrochemical technology in Eurasia, the combined continental landmass of Europe and Asia.
"Completion of the complex will significantly help Lotte Chemical expand its business territories to Russia and North Africa as well Europe and Central Asia," Lotte Chemical said in a statement.
Lotte is the sole local chemical company to manufacture PE/PP chemical materials used in the complex.
A total of 3.58 million tons a year of liquefied natural gas (LNG) equivalent, or 4.5 billion cubic meters of natural gas, will be produced from the offshore project.
Uzbekistan's state-run oil and gas company Uzbekneftegaz will buy at least 3 million tons of LNG a year.
Lotte Chemical, the Lotte Group's chemical affiliate, has completed construction of a big gas plant in Uzbekistan.
The "Surgil project," was a result of collaboration between Korea Gas Corp, Lotte Chemical and GS E&R.
Completion of the plant comes more than eight years after the South Korean group set up a joint venture with Uzbekistan's state-own oil gas company to create Uz-Kor Gas Chemical LLC.
Lotte said the gas from the Uzbekistan plant had been commercially available since January this year.
Lotte added that completion of the petrochemical complex made Lott the first Korean company to export its petrochemical technology in Eurasia, the combined continental landmass of Europe and Asia.
"Completion of the complex will significantly help Lotte Chemical expand its business territories to Russia and North Africa as well Europe and Central Asia," Lotte Chemical said in a statement.
Lotte is the sole local chemical company to manufacture PE/PP chemical materials used in the complex.
A total of 3.58 million tons a year of liquefied natural gas (LNG) equivalent, or 4.5 billion cubic meters of natural gas, will be produced from the offshore project.
Uzbekistan's state-run oil and gas company Uzbekneftegaz will buy at least 3 million tons of LNG a year.
