Trial production at Lotte-Versalis elastomers JV set to start soon

London – South Korea’s Lotte Chemical and ENI-owned Italian chemicals company Versalis SpA are to complete the construction of an elastomers joint venture facility in South Korea in June, according to Korean news sources.

The 50:50 JV, named Lotte-Versalis Elastomers (LVE), will produce 100 kilotonnes per annum (ktpa) of SSBR and 96ktpa of EPDM rubber, Korean news website e-today reported in May.

The facility, based in Yeosu, South Korea is set to start trial production with commercial production slated for the second half of the year.

The joint-venture…

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