Lotte Chemical USA will be moving its headquarters from Houston to Southwest Louisiana.
Moving the headquarters to Southwest Louisiana will allow the company to offer more jobs to residents.
“It’s going to add about 50 additional jobs, and get us up to about 265 or so total jobs,” said Lotte Chemical executive site director, Jim Rock.” Rock says there are many advantages for the new headquarters to move out here to Southwest Louisiana.
“This location is rich in raw materials, the ethane is a feed stock for the ethane cracker and also access to pipelines to distribute our products once we make them and great infrastructure with highways, railroads and waterways,” said Rock. “We can ship our product out in a variety of ways.”
Lotte, a South Korean conglomerate, is investing billions in projects in Southwest Louisiana.
Lotte has joined with Axiall and Westlake Chemical in separate projects to build ethane crackers, which Lotte will use to produce monoethylene glycol (MEG).
Lotte will invest around $28 million for the new corporate facility, said Edwards.
Lotte is also constructing a $1.1 billion MEG plant near the I-10/210 interchange.
Pictured: Current headquarters in Houston, Texas.
Image courtesy of KPLC, Copyright 2017