SEOUL, KOREA - Lotte Chemical said on November 8 that it has established a joint venture "Lotte Versalis Elastomers" in cooperation with Versalis, an affiliate under the umbrella of Italy's state-run oil company Eni Group. The joint venture will begin construction of a plant in Lotte Chemical's Yeosu site to produce 200,000 tons of solution-polymerized styrene-butadiene rubber (SSBR) and ethylene propylene diene monomer (EPDM) rubber in 2014.
SEOUL, KOREA - "Although Honam Petrochemical and KP Chemical Corp. have played important roles in our group's growth, they haven't been given proper acknowledgement probably because they didn't bear the Lotte name.
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