KUALA LUMPUR: Lotte Chemical Titan Holding Berhad (LCT) remains cautious due to uncertainties arising from oil price volatility, petrochemical glut, economic slowdown from inflation, and rising geopolitical tensions.
Indonesia s state-controlled gas company Perusahaan Gas Negara (PGN) on Thursday said it would supply natural gas to a petrochemical plant operated by a unit of South Korea s Lotte Chemical Corp.
Industrial gas major Linde will expand nitrogen supply to a new $4bn petrochemical project in Cilegon, Indonesia, owned and operated by Lotte Chemical Indonesia (LCI).
South Korea’s Lotte Chemical is ready to invest US$4 billion in the construction of a petrochemical plant in Cilegon, Banten province.
PT Arkha .