LACC LLC, the joint-venture company formed by Axiall Corporation and Lotte Chemical Corporation of the Republic of Korea, recently held a groundbreaking ceremony at its Calcasieu Parish, Louisiana, construction site.
This follows a Dec. 17, 2015 announcement that the boards of Lotte and Axiall reached final investment decisions to construct an ethane cracker facility adjacent to Axiall’s existing Lake Charles complex. In addition to constructing the ethane cracker that is expected to produce 1 million tons of ethylene a year, Lotte Chemical will also construct an adjacent plant to produce 700,000 tons annually of ethylene glycol (EG).
The groundbreaking marks the beginning of the construction phase, which follows months of land clearing and preparation on approximately 250 acres in the greater Lake Charles, Louisiana area. The groundbreaking ceremony brought together business and government leaders from the Republic of Korea, the State of Louisiana as well as senior executives of Lotte Group, Lotte Chemical and Axiall Corporation.