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    Original Title

    Lotte Chemical

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    Talking Point For Ministerial Visit in South-Korea

    Uploaded by

    wisnu
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    of 11

    TALKING POINT FOR MINISTERIAL VISIT IN SOUTH-

    KOREA

    DIRECTORATE GENERAL OF CHEMICAL, TEXTILE, AND VARIOUS INDUSTRY


    MINISTRY OF INDUSTRY
    2019
    Content

    1. Company Organization Lotte Chemical Corporation


    2. Company Profile PT. Lotte Chemical Indonesia
    3. Pending Matters

    COMPANY ORGANIZATION LOTTE CHEMICAL CORPORATION


    01

    COMPANY PROFILE PT. LOTTE CHEMICAL INDONESIA


    02
    PENDING MATTERS
    03
    PT. Lotte Chemical Titan Nusantara (LCTN) is the first and largest
    polyethylene producer in Indonesia which is a subsidiary of PT. Lotte
    Chemical Titan, Tbk (LCT) which was established in 1987. PT. LCTN is
    engaged in manufacturing by operating a factory located in Merak,
    Cilegon, with an installed capacity of 450,000 MT per year to produce
    Polyethylene with a swing plant scheme; HDPE (High Density
    Polyethylene) and LLDPE (Linear Low Density Polyethylene). PT. LCTN
    sells 80% of its production in the local market and about 20% in the
    export market.
    Lotte started the Naphta Cracker project since 2011 with the details
    of investment as follows.
    Total Investment Projected US$ 4 s.d. 5 billion
    Revenue Projected US$ 4 s.d. 5 billion
    Feedstock Naphtha 3 million TPA
    Products Ethylene 1 million TPA
    Propylene 600,000 TPA
    and other olefin products
    Start commercial to be announced
    Status under development
    The main problem faced by LCTN in its construction process is the
    establishment of terminal design for its own purposes (TUKS) and the
    remaining land acquisition.

    Related to TUKS issue, LCTN will do the following:


    1. Shifting the trestle location to the north so as not to close the
    citizens’ access
    2. Relocate the trestle location to initial design, if the land
    problem has been resolved

    With regard to the remaining land acquisition, Directorate of the


    Upstream Chemical Industry will facilitate meetings with relevant
    stakeholders.

    Updates on Pending Matters:


    Government POV
    1. TUKS issue : the problem has been resolved. Ministry of
    Transportation, Local Government and LCTN agreed to redesign
    TUKS. The permit has been approved.
    2. Remaining land acquisition issue : There are intensive meetings
    between national land agency with Maryadi and Krakatau Steel.
    Next step will be land measurement.
    3. Directorate of the Upstream Chemical Industry will facilitate
    meetings with relevant stakeholders on July 2019.
    Company POV
    1. Issue Point
    Item Maryadi PT Krakatau Steel (Persero)
    Tbk. (PTKS)
    Ownership 3 (three) HPL Certificate
    Sertifikat No.15/Warnasari
    Hak Milik
    (SHM)
    Date of 22 October 9 October 1999
    Issuance 2007
    Location Rawaarum Warnasari Village, Citangkil
    Village, Sub district
    Grogol Sub
    district
    Claimed ±2.23 Ha ±1.3 Ha of the land is owned
    Area by PTKS (based on the
    discussion in the Cilegon City
    Office on 19th March 2018-
    chaired by Cilegon City
    Mayor)
    2. LCI can’t purchase this land due to overlap issue.
    3. This land will be isolated from LCI land preparation (will be
    fenced). It would be difficult work for LCI.
    4. The land owner probably will request a road access. The road
    access will become LCI’s safety issue because the land is located in
    the center of LCI plant area.
    5. Meeting on January 21 2019 : BPN Cilegon still study the alleged
    overlap between Maryadi Land and PT KS land. Cilegon Mayor
    request another meeting to invite KS, KIEC, Maryadi, LCI, and BPN.

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