S.Korea's Lotte Chemical to form petchem project in Indonesia worth $3.9 bln

LOTTE CHEMICAL

07/01/2022 05:26

SEOUL, Jan 7 (Reuters) - South Korea's Lotte Chemical Corp
 011170.KS  said on Friday it plans to build a large-scale
petrochemical complex in Indonesia with $3.9 billion in
investment. 
    The project's commercial production target is 2025, and the
company is aiming for annual revenue of 2.4 trillion won ($2
billion), the petrochemical producer said in a statement. 

($1 = 1,202.3800 won)

 (Reporting by Joyce Lee; Editing by Kim Coghill)
 ((joyce.lee@tr.com;))