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Insulation Korea Co., a Seoul-based leading supplier of insulating refractories and high temperature solution, said yesterday that it will provide $6 million worth special insulating refractories (insulating refractory materials) to Atlanta-based Axiall Corp. and Seoul-based Lotte Chemical Corp. for their US shale gas plant to be built in Louisiana. Earlier in June, 2015 Axiall Corporation and Lotte Chemical Corporation finalized their joint-venture arrangements namely, LACC LLC to design, build and operate a world-scale ethane cracker fed by U.S. shale gas.   Insulation Korea Co., a Seoul-based leading supplier of insulating refractories and high temperature solution, said yesterday that it will provide $6 million worth special insulating refractories (insulating refractory materials) to Atlanta-based Axiall Corp. and Seoul-based Lotte Chemical Corp. for their US shale gas plant to be built in Louisiana. Earlier in June, 2015 Axiall Corporation and Lotte Chemical Corporation finalized their joint-venture arrangements namely, LACC LLC to design, build and operate a world-scale ethane cracker fed by U.S. shale gas.   

The shale gas plant has a total area of 892,562 square meters with production capacity of 100 tons ethane and 700,000 tons ethylene glycol per annum. The insulating refractories to be supplied by Insulation Korea are insulating refractory materials with high porosity, low thermal conductivity that can withstand temperature as high as 1,800 degree Celsius especially designed for ethylene cracker plant. An ethylene cracker is a facility that produces ethylene - a raw material for ethyl-type 

​chemical products - by applying high temperature to shale gas.
Chicago Bridge & Iron Company (CB&I), a leading provider of power and industrial plant services in the U.S., after receiving insulating refractory materials from Insulation Korea is expected to complete the facility construction by the end of 2017. According to the agreement, Insulation Korea will design and supply refractories for six units of ethylene cracker based on its own technology. For this the company will look for a global refractory materials supplier to provide the products and design service starting May until early next year.

About Axiall Corp
Axiall Corporation is a leading integrated chemicals and building products company. Headquartered in Atlanta, Axiall has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers.

About Lotte Chemical Corp
Lotte Chemical is a member of the Lotte Group in Korea, which has been listed on the Korean Stock Exchange since 1991. Lotte Chemical is a leading manufacturer of petrochemical products, such as ethylene, propylene, butadiene, polyethylene, polypropylene, ethylene oxide/glycol, compound resin, polyethylene terephthalate, polycarbonate, methyl methacrylate, ethylene oxide derivatives, benzene, toluene, mixed xylene, purified terephthalic acid and purified isophthalic acid among others. Lotte Chemical, headquartered in Seoul, South Korea, has manufacturing facilities located throughout South Korea, China, Malaysia, Indonesia, Pakistan, UK and the USA. Lotte Chemical currently operates three crackers in Asia that produce more than 2.8 million metric tons of ethylene capacity annually.

18-April-2016

Insulation Korea to supply insulating refractories to Axiall Corp and Lotte Chemical for their US Shale Gas Plant, Louisiana