Lotte Chemical said the new plant for ethylene carbonate and dimethyl carbonate would be built at its production base in Daesan, about 75 kilometers (46 miles) southwest of Seoul. Dimethyl carbonate is used as a solvent that is exempt from restrictions placed on most volatile organic compounds. Ethylene carbonate is used as a high permittivity component of electrolytes.
The building of safe and high-energy-density lithium batteries is dependent on the electrochemical performance of electrolytes. South Korea heavily relies on high-purity electrolytes produced by foreign companies.
"This investment is a key step in Green Promise 2030 to expand eco-friendly and specialty chemical materials such as battery electrolyte organic solvents and carbon dioxide capture projects," Lotte Chemical's basic materials business head Hwang Jin-gu said in a statement on February 7.
With the aim of commercial production in the second half of 2023, Lotte Chemical would build facilities to capture and liquidate 200,000 tons of carbon dioxide that would be injected into raw materials for high-purity ethylene carbonate and dimethyl carbonate, or sold as raw materials for dry ice and semiconductor cleaning liquid.
The annual production capacity of high purity ethylene oxide, a versatile intermediate used to produce many derivative products such as ethylene oxide adduct (EOA), will be expanded to 250,000 tons. In December 2021, Lotte Chemical earmarked 250 billion won to expand the production of EOA, a raw material for water-reducing agents used in concrete. As a result, the company's total EOA production at factories in South Korea and China will increase from 330,000 tons to 480,000 tons per year.
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