Lotte Chemical Corporation (Korean: 롯데케미칼 주식회사) is a chemical company headquartered in Seoul, South Korea.
[2] Lotte Chemical manufactures synthetic resins and other chemical products used for various industrial materials.
[3] Lotte Chemical was established as Honam Petrochemical in 1976 and became part of Lotte Group after three years.
In 2010, Honam took over Malaysia's Titan Chemicals for US$1.27 billion to expand its business to the Southeast Asian market.
[6][7] Lotte Chemical produces ethylene, polyethylene, and polypropylene by using naphtha extracted from crude oil.