The land preparation work for Lotte Chemical Indonesia New Ethylene (LINE) project would be carried out as a joint operation with LEC’s and HEK’s share of participation in the ratio of 70 per cent and 30 per cent, respectively, Lotte group said in a filing with Bursa Malaysia.
The value of the contract is 1.31 trillion Indonesian rupiah ($92 million).
The groundbreaking ceremony for LINE and related downstream petrochemical facility was held in December last year. (RKS)
ALCHEMPro News Desk – India
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