Lotte Chemical Corporation
The vast majority of Lotte's share of the LACC-produced ethylene will be consumed by the new mono-ethylyne glycol (MEG) plant. A small remaining portion is
expected to be sold via pipeline to third parties.
MEG is used to make antifreeze and engine coolant, polyester
fibers - which can then be made into polyester and fleece
fabrics -upholstery, carpets, pillows, and food-grade and
general-purpose bottles.
An independent economic evaluation
indicated that the combined ethylene and MEG project will generate
about 2,000 temporary construction jobs, 1,500 new indirect jobs in
the community and 200 new, permanent jobs at the plants. These jobs
are in addition to the 1,600 provided in existing Axiall facilities
in Louisiana.
Our commitment to the environment is
already apparent and is a key design aspect addressed in our
front-end engineering and design (FEED) study, which is currently
underway. In addition, LACC filed for a 404 wetlands permit
application in March 2014 with the U.S. Army Corps of Engineers.
Information included in the permit application demonstrates the
significant measures taken to minimize and avoid impact to wetlands
and the environment.
We expect to create more than twice
the amount of wetlands that are unavoidably affected by this
project. Similarly, LACC expects to submit
PSD and Title V air
permits to the Louisiana Department of Environmental Quality. These are part of the mandated public outreach to directly
involve the community in the permit decision-making
process. Each permit process allows at least 30 days for
public comment from the date of its newspaper publication
announcement.
To learn more, please visit the
Louisiana Department of Environmental Quality website.