PT Lotte Chemical Indonesia

a company profile for PT Lotte Chemical Indonesia, presented in English, and clarifying its business type:

Company Profile: PT Lotte Chemical Indonesia

1. Overview:

PT Lotte Chemical Indonesia (LCI) is an Indonesian subsidiary of Lotte Chemical Corporation, a major South Korean chemical company and part of the Lotte Group. LCI is spearheading one of Indonesia's most significant petrochemical projects, aimed at establishing a large-scale, integrated petrochemical complex.

2. Business Type: Manufacturer (Factory Operator)

PT Lotte Chemical Indonesia is fundamentally a manufacturer. The company is currently developing and will operate a large-scale petrochemical production facility (a factory). Their core business is the manufacturing of chemical products, not primarily trading finished goods produced by others. While they will eventually sell their manufactured products (which involves a sales/commercial function), their primary role and investment are in industrial production.

3. Key Project: The LINE Project (Lotte Chemical Indonesia New Ethylene Project)

The flagship initiative of PT Lotte Chemical Indonesia is the "Lotte Chemical Indonesia New Ethylene (LINE) Project."

Location: Cilegon, Banten Province, Indonesia.

Scope: This is a multi-billion dollar project involving the construction of a naphtha cracker and downstream plants.

Objective: To produce essential upstream and downstream petrochemical products to meet both domestic Indonesian demand and potentially export markets.

4. Planned Products:

Once operational, the LINE Project complex is expected to produce:

Ethylene

Propylene

Polypropylene (PP)

Benzene, Toluene, Xylene (BTX)

Other petrochemical derivatives.

5. Strategic Importance:

Reducing Import Dependency: The project aims to significantly reduce Indonesia's reliance on imported petrochemicals.

Supporting Downstream Industries: It will provide crucial raw materials for various Indonesian manufacturing sectors, including plastics, textiles, automotive components, and construction materials.

Economic Contribution: The project represents a substantial foreign direct investment, expected to create jobs and contribute to the local and national economy.

Technological Advancement: It brings advanced petrochemical production technology to Indonesia.

6. Current Status:

The LINE Project is currently in the construction and development phase, with commercial operations anticipated to commence in the near future (specific target years, often around 2025, have been mentioned, though these can be subject to project timelines).

7. Parent Company:

Lotte Chemical Corporation (South Korea) provides the financial backing, technological expertise, and global market experience for PT Lotte Chemical Indonesia's endeavors.

In summary: PT Lotte Chemical Indonesia is a manufacturing company focused on establishing and operating a major petrochemical production complex (factory) in Indonesia to produce a range of chemical products.

the information in English:

PT Lotte Chemical Indonesia, particularly through its major investment known as the Lotte Chemical Indonesia New Ethylene (LINE) project in Cilegon, Banten, is set up to produce a range of petrochemical products.

The primary products manufactured or slated for manufacture include:

Ethylene

Propylene

Polypropylene (PP)

High-Density Polyethylene (HDPE)

Linear Low-Density Polyethylene (LLDPE)

These base chemicals and polymers are then sold to other industries to be used in the manufacturing of various downstream products like plastics, packaging, automotive parts, household goods, and industrial materials.