HomeNewsINEOS & LOTTE to build new 250,000 tonne Vinyl Acetate Monomer (VAM) Plant in Ulsan, South Korea

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INEOS & LOTTE to build new 250,000 tonne Vinyl Acetate Monomer (VAM) Plant in Ulsan, South Korea

2/7/2023

INEOS - Press Release   LOTTE INEOS Chemical has today announced plans to increase VAM production capacity from the current 450,000 tonnes to 700,000 tonnes with the addition of a third VAM plant. The new plant is scheduled to start-up by the end of 2025.   VAM is widely used for everyday products such as food packaging, solar panels, windscreens, polarizing films, adhesives and paints. In recent years VAM demand has increased significantly to meet global solar power generation.   LOTTE INEOS Chemical has purchased additional land next to the existing plant in Ulsan for the construction of the new VAM plant, and has begun the Front-End Engineering Design (FEED) work with LOTTE Engineer

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