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Lotte Chemical Corporation establishes total $3 billion investment in Louisiana

WAVTEQ Korea FDI case study   Back to successes

Lotte Chemical Group and Louisiana Economic Development

Lotte Chemical Corporation is a subsidiary of Lotte Group, one of the biggest conglomerates in Korea.

WAVTEQ Korea team facilitated and assisted Lotte Chemical Corporation to set up 2 plants in Louisiana, the US; Ethan cracker (Project 1, JV with Axiall Corporation) and MEG plant (Project 2, Lotte's own project).

The project created 215 direct jobs and 1,892 indirect jobs with $3 billion investment.

WAVTEQ sourced intelligence the company was expanding and met the company to provide assistance and worked closely with Louisiana Economic Development.

WAVTEQ Korea provided seamless assistance to Lotte Chemical and LED to ensure the project successfully landed into the State.

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