Lotte Chemical USA Corporation

What Lotte Chemical USA Corporation does

Lotte Chemical USA Corporation (LC USA) is the U.S. holding entity through which South Korea-based Lotte Chemical Corporation operates its basic chemicals businesses in the Americas. Founded in 2014 and headquartered in Houston, Texas, LC USA owns and operates two co-located manufacturing facilities in Westlake, Louisiana: Lotte Chemical Louisiana LLC (LCLA), a wholly owned subsidiary that produces 1.7 billion pounds per year of mono-ethylene glycol (MEG) along with di-ethylene glycol (DEG) and tri-ethylene glycol (TEG); and LACC, LLC, a 50/50 joint venture with Westlake Corporation that operates an ethane cracker producing approximately 2 billion pounds of ethylene annually, which feeds LCLA's glycol plant.

The integrated production platform converts ethane feedstock into ethylene, then into ethylene glycols on a single site, leveraging heat-recovery and steam-system efficiencies and Gulf Coast waterway logistics. Products are sold worldwide to industrial manufacturers producing food packaging, textiles, antifreeze/coolant, automotive components, construction materials, and consumer goods, as well as to Westlake as downstream feedstock. Both facilities began commercial production in 2019 following a $3.1 billion greenfield investment.

LC USA makes money through B2B industrial chemical sales executed via direct enterprise field sales relationships with large manufacturers. Pricing is quote-based, negotiated per contract and indexed to feedstock and market conditions, and is not publicly disclosed. Ethylene from LACC is shared between Westlake and LCLA under the JV structure, while MEG, DEG and TEG are sold globally through direct sales channels. No pricing model, customer logos, or revenue figures are publicly disclosed for LC USA.

Name

Lotte Chemical USA Corporation

Legal name

Lotte Chemical USA Corporation

Website

https://lottechemusa.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Lotte Chemical USA Corporation is a Houston-based holding entity, wholly owned by South Korea's Lotte Chemical Corporation, that operates an integrated ethane cracker and ethylene glycol complex in Westlake, Louisiana, selling ethylene, MEG, DEG and TEG to global industrial manufacturers.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing

NAICS

Petrochemical Manufacturing (32511), Other Basic Organic Chemical Manufacturing (32519)

SIC

Industrial Organic Chemicals (2860)

akta.pro industry

PRIMARYIMAEADAA

Base Olefins (Ethylene, Propylene, Butadiene)

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Petrochemicals & Derivatives

SECONDARYEUALAHAJ

Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Petrochemicals & Chemical Feedstocks (Ethane/Propane/Naphtha, Aromatics, Olefins)

SECONDARYIMAEAAAB

Commodity Organic Chemicals (Solvents & Intermediates)

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Basic & Commodity Chemicals

Keywords

• Petrochemical manufacturing
• Ethylene production
• Ethylene glycol manufacturing
• Industrial chemicals supply
• Chemical intermediates

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Ethylene Sales: Production and sale of ethylene (2 billion pounds annually) to industrial customers. Ethylene is sold to Westlake and used as feedstock for various chemical products including polyethylene, ethylene dichloride, ethylene oxide, ethylbenzene, and vinyl acetate.
2. Mono-ethylene Glycol (MEG) Sales: Production and sale of MEG (1.7 billion pounds annually) to manufacturers for use in antifreeze, engine coolant, and polyester fibers. Additional products include DEG and TEG sold to plastics, polyester resins, lubricants, and textile manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Lotte Chemical USA Corporation manufactures and sells basic petrochemical intermediates at its integrated Westlake, Louisiana facility. LACC, LLC (a 50/50 joint venture with Westlake Corporation) operates an ethane cracker producing approximately 2 billion pounds of ethylene annually, and Lotte Chemical Louisiana LLC uses that ethylene as feedstock to produce 1.7 billion pounds annually of mono-ethylene glycol (MEG), along with di-ethylene glycol (DEG) and tri-ethylene glycol (TEG). These chemical intermediates are sold globally to industrial manufacturers serving food packaging, textiles, automotive, construction, and consumer goods markets.

Product overview

Lotte Chemical USA Corporation operates as a holding company with two primary manufacturing subsidiaries: LACC, LLC (a 50/50 joint venture with Westlake Corporation) and Lotte Chemical Louisiana LLC (wholly owned). LACC operates an ethane cracker producing approximately 2 billion pounds of ethylene annually, which serves as feedstock for LCLA's ethylene glycol plant. LCLA produces 1.7 billion pounds of mono-ethylene glycol (MEG) annually, along with di-ethylene glycol (DEG) and tri-ethylene glycol (TEG). These chemical products form the basis for everyday items including food packaging, antifreeze, polyester fibers, bottles, and various industrial materials. The facilities are located in Westlake, Louisiana, representing a $3.1 billion greenfield investment.

Differentiator

Problem solved

Functional benefit

Products and services

• Ethylene Ethylene produced at the LACC, LLC facility (50/50 joint venture with Westlake Corporation) from ethane feedstock at approximately 2 billion pounds annual capacity. Ethylene is a colorless, odorless gas and the most widely used organic building block compound in the chemical industry, serving as feedstock for polyethylene, ethylene dichloride, ethylene oxide, ethylbenzene, and vinyl acetate used in food packaging, film, toys, food containers, bottles, pipes, antifreeze, carpets, insulation, and housewares.
• Mono-ethylene Glycol (MEG) Mono-ethylene glycol produced by Lotte Chemical Louisiana LLC using ethylene from LACC as feedstock, at 1.7 billion pounds annual capacity. MEG is used to make antifreeze, engine coolant, and polyester fibers for fabrics, upholstery, carpets, pillows, and plastic bottles.
• Di-ethylene Glycol (DEG) Di-ethylene glycol produced as a byproduct of MEG production at Lotte Chemical Louisiana LLC. DEG is used as feedstock to produce plastics, polyester resins, lubricants, and textile dyeing and printing.
• Tri-ethylene Glycol (TEG) Tri-ethylene glycol, a colorless, viscous liquid produced in smaller quantities at Lotte Chemical Louisiana LLC. TEG is used in automotive care products, building and construction materials, cleaning products, fabric and textile products, fuels, lubricants, paints, coatings, personal care products, and plastic and rubber products.

Quantifiable outcome

• 2 billion pounds of ethylene produced annually at LACC facility
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Westlake Corporation (formerly Axiall Corporation)coreStrategic or Co-development Partner · 1 January 2016LACC, LLC is a 50/50 joint venture between Lotte Chemical USA Corporation and Westlake Corporation. Originally formed with Axiall Corporation, Westlake acquired Axiall in late 2016. LACC produces ethylene from ethane feedstock, with output distributed between both partners for use as feedstock for downstream products.
• Lotte Chemical CorporationcoreStrategic or Co-development PartnerParent company of Lotte Chemical USA Corporation. Founded in 1976, Lotte Chemical Corporation is Asia's leading chemical company and part of Lotte Group (South Korea's fifth largest company with $80 billion+ annual revenue). Provides subject matter expertise, superior R&D capabilities, and global manufacturing network across South Korea, China, Malaysia, Indonesia, Pakistan, UK, and US.

Scale indicators6 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Westlake Corporation: 50/50 JV partner in LACC and a major US producer of ethylene, polyethylene, and chlorovinyls. Direct overlap on ethane cracking, ethylene merchant sales, and downstream vinyls in the Louisiana/Texas corridor.
• Formosa Plastics USA: Operates large ethane crackers and downstream polyethylene at Point Comfort, Texas. Direct Gulf Coast ethylene competitor with overlapping customer base in packaging, film, and plastics.
• Dow Inc. Largest US ethylene producer and owner of the world's largest glycol franchise (MEG/DEG via MEGlobal). Directly competes with LC USA for ethylene offtake and downstream PET/polyester customer wallets.
• LyondellBasell Industries: One of the largest US producers of ethylene, propylene, polyethylene, and ethylene oxide/EG via Equistar/Mexichem assets. Operates Gulf Coast crackers and MEG-equivalent plants that compete head-to-head with LC USA.
• MEGlobal (Dow / Petrochemical Industries of Kuwait JV): A merchant MEG/DEG joint venture with operations in the US (Oyster Creek) and globally. Competes directly with LCLA for global polyester and antifreeze-grade MEG customers.
• Indorama Ventures (Indorama Ventures Oxides & Glycols): Among the world's largest MEG producers with multiple US Gulf Coast plants (Clear Lake, Decatur). Closest pure-play competitor to LCLA in mono-ethylene glycol for polyester, antifreeze, and PET.
• Chevron Phillips Chemical: Operates world-scale ethane crackers at Sweeny, Texas producing ethylene and downstream normal alpha olefins/LAOs. Gulf Coast ethylene peer with overlapping cracker economics and feedstock profile.

Emerging players

• Sasol Chemicals North America: Lake Charles ethane cracker and downstream integrated chemicals business; competes directly with LACC for US Gulf ethylene merchant customers while exploring surfactant and specialty derivatives.

Broad incumbents

• ExxonMobil Product Solutions (ExxonMobil Chemical): Major integrated petrochemicals producer with Baytown/Beaumont crackers and substantial ethylene, paraxylene, and glycol-equivalent output. Overlaps LC USA's olefins merchant market from an incumbents' scale position.
• BASF TotalEnergies Petrochemicals (BASF FINA) Port Arthur: Operates one of the world's largest steam crackers at Port Arthur, Texas. Competes with LACC in US Gulf ethylene merchant markets through a major-incumbent platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/lottechemusa
• Facebookfacebook.com/1936011439745327
• LinkedInlinkedin.com/company/lotte-chemical-usa-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lotte Chemical USA Corporation