HD Hyundai Chemical and Lotte Chemical Officially Launch Daesan Joint Venture ‘H&L Advanced’

HD Hyundai Oilbank and Lotte Chemical each invested 600 billion won, totaling 1.2 trillion won, to officially establish the Daesan joint venture ‘H&L Advanced’ as of September 1, 2026, holding a launch ceremony at the Daesan plant on September 4. The merger is reported to be the Ministry of Trade, Industry and Energy’s “Daesan Project […]

Lotte Chemical and HD Hyundai Oilbank’s Daesan Joint Venture ‘H&L Advanced’ Officially Launches September 1

The Daesan petrochemical joint venture between Lotte Chemical and HD Hyundai Oilbank, named ‘H&L Advanced,’ officially launched on September 1, 2026, it is reported. The surviving entity is HD Hyundai Chemical, into which Lotte Daesan Petrochemical — the company spun off from Lotte Chemical’s former Daesan plant — will be merged, with Lotte Chemical and […]

HD Hyundai Oilbank Starts Commercial Operation of 277MW LNG Cogeneration Plant at Daesan Industrial Complex

HD Hyundai E&F, a wholly owned district energy subsidiary of HD Hyundai Oilbank, has reportedly completed construction of a liquefied natural gas (LNG) cogeneration facility at the Daesan Industrial Complex in Seosan, South Chungcheong Province, and began commercial operation in August 2026. HD Hyundai E&F, established in 2021 as HD Hyundai Oilbank’s district energy specialist […]