The inaugural three-year project will receive a government support package worth 2.1 trillion won ($1.5 billion). Lotte Chemical and HD Hyundai Oilbank will each invest 600 billion won--totaling 1.2 ...

On Wednesday, government officials announced that ten South Korean petrochemical companies have reached an agreement to restructure their operations. This will involve significant reductions in their ...

The government announced Wednesday a 2.1 trillion won ($1.45 billion) financial package to support the restructuring project of Lotte Chemical and HD Hyundai Chemical at the Daesan industrial complex.

Lotte Chemical and HD Hyundai Chemical agreed to combine part of their naphtha-cracking facilities as South Korea’s top petrochemicals producers respond to a prolonged oversupply and weakening margins ...

Technip Energies (PARIS:TE) has been awarded a significant(1) contract by Indian Oil Corporation Limited (IOCL) for the license, basic engineering design package, proprietary equipment and catalyst ...

NEW YORK, Feb. 28, 2017 /PRNewswire/ -- Naphtha is a highly inflammable mixture of hydrocarbons produced by distillation of crude oil, coal tar, peat, and natural gas condensates. A full run naphtha ...