SEOUL -- Lotte Chemical will spend 10 trillion won ($7.9 billion) on new operations in battery materials and hydrogen energy by 2030 under a long-term management strategy unveiled Thursday, aiming to form a solid foundation in these fast-growing fields and ease its dependence on petrochemicals.
The new plan builds on the South Korean company's previously announced target of 50 trillion won in total revenue by that year -- up 180% or so from the 2021 figure.
