LOTTE Chemical Cancels Ulsan PET Chemical Recycling Investment Amid Petrochemical Downturn

LOTTE Chemical ultimately spent about KRW 16.6 billion before stopping the project, leaving roughly KRW 60.4 billion of planned expenditure uncommitted

LOTTE Chemical has halted the remaining investment in a chemical recycling project for waste polyethylene terephthalate, or PET, at its Ulsan plant…

Full text: https://netzerocompare.com/articles/lotte-chemical-cancels-ulsan-pet-chemical-recycling-investment-amid-petrochemical-downturn

Author

Maílis Carrilho

Source

Net Zero Compare, 2026-09-22.

Supplier

Hyundai Oilbank
Korea Fair Trade Commission KFTC
Lotte Chemical UK Ltd
South Korean Ministry of Trade, Industry and Energy

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