Growing Optimism for Lotte Chemical’s US$3.5 Billion Project

After nearly one decade of talks and talks, Lotte Chemical (South Korea) is seen moving closer to build the US$3.5 billion integrated petrochemical complex in Cilegon, Banten province. This was possible following initial public offering (IPO) of Lotte Chemical Titan Berhad (LCTM) on KLSE last month. Total proceeds may be below initial plan, but enough to start the process.To subscribe please click here