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LG Chem will spend $350 million to build an elastomers plant at its site in Daesan, South Korea. The facility will more than triple LG’s capacity for ethylene-1-octene and ethylene-1-butene copolymers to 290,000 metric tons per year. Scheduled to come on-line in 2018, the plant will use metallocene catalyst technology. LG says the expansion will put it in more direct competition with industry leaders Dow Chemical and ExxonMobil Chemical.
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