BP p.l.c. and Lotte together agreed to expand the production capacity of their joint venture BP Lotte Chemical Company Limited in Ulsan of South Korea. This is estimated to double the current 200,000 tons per year of vinyl acetate monomer (VAM) and add 100,000 tons per year of acetic acid capacity.
INEOS Capital Limited to build a world-scale acetic plant and related derivatives on the US Gulf Coast.
Author Credits: Smruti Ranjan, Rajrani Baghel