Established in the Yeosu Plant in 1986 with the aim of future-oriented R&D for customers, the R&D Center was relocated to the Daeduk Special Zone in 1991 and then became an integrated R&D Center in the chemical sectorf the LOTTE GROUP in 2005 by consolidating its subsidiaries LOTTE Daesan Petrochemical Corp., and KP Chemical R&D Center. Moreover, this global R&D Center is opening up a promising future by providing expanded product development and technical support to overseas subsidiaries LC Gaheung EP in China, LC Titan in Malaysia, and LC Alabama in the US.
Major research activities include polyolefin resin development and catalyst research, research on the development of new materials with enhanced functionality, chemical research in the field of monomers, and research on Mega trends as a future growth engine, with efforts to secure original technologies and pioneer new markets for sustainable growth.
LOTTE CHEMICAL R&D Center developed Korea's first hot-water Ondol pipe and polymer fuel tank for automobiles based on its 30+ years of experience in process/production control technology. Its polypropylene resin for extrusion coating with excellent adhesiveness and processability was named one of the world’s best products and has contributed to, export growth. The R&D Center has also been undertaking research on adhesive resin and composite material resins that deliver high-strength and lightweight general-purpose plastic products, and applying them to the automotive parts and home appliance industries. Research is also underway on feedstock and high value-added chemicals to break the dependence on crude oil and accelerating its R&D efforts in the fields of energy storage, biochemical engineering, and water treatment to secure new growth engines for the future. These research activities, are helping to realize the corporate vision of ”Top-Tier Asian Chemical Company, with a turnover of KRW 40 trillion by 2018.”
Strengthening R&D Center capabilities