Entity

Cilegon Plant - LOTTE Indonesia New Ethylene (LINE). Credit: PT Lotte Chemical Indonesia

PT Lotte Chemical Indonesia (LCI) is Lotte Chemical’s Indonesian subsidiary developing and operating a large integrated petrochemical complex in Cilegon, Banten, built under the LINE (Lotte Indonesia New Ethylene) project with a total investment of about 3.9–3.95 billion USD.

Corporate profile

• LCI is a joint venture in which Lotte Chemical Titan Holdings holds 51% and Lotte Chemical Corporation (the Korean parent) holds 49%.
• PT Lotte Chemical Indonesia was established and the Cilegon site acquired in June 2016.
• The complex is located on a 110‑hectare site in Cilegon City, Banten Province, with head office functions in Jakarta.
• In the full commercial phase LCI expects around 876 local employees, reflecting a strong local hiring focus.

Investment, equity and economics

• Total project investment is stated as 3.9 billion USD (also reported as about 3.95 billion USD in external industry sources).
• Equity contribution is 1.6 billion USD, with the balance financed through other sources.
• LCI’s company profile cites an estimated annual sales revenue of about 2.0 billion USD once the complex is in stable commercial operation.
• The project is framed as a “top‑tier chemical company securing a sustainable future for Indonesia and beyond,” emphasizing trade‑balance improvement, downstream industrial development, and job creation.

Timeline and project milestones

LCI’s own materials lay out the following timeline:

• June 2016 – PT Lotte Chemical Indonesia established and land acquired.
• December 2018 – Groundbreaking ceremony.
• March 2019–January 2022 – Land preparation.
• January 2022 – EPC contract signed and construction commenced.
• March 2025 – Mechanical completion.
• 2H 2025 – Start of commercial operation; external filings specify 15 October 2025 as COD.

Indonesian and Korean reports confirm that commercial operations started in October 2025 and the plant was formally inaugurated by President Prabowo Subianto in November 2025.