DOE issues stop work order on Lotte Chemical

KUALA LUMPUR: The Department of Environment has issued a stop-work order on Lotte Chemical Titan Holding Bhd's KBR Catalytic Olefins Technology catalytic cracking reactor under the TE3 project.
In a filing to Bursa Malaysia, Lotte Chemical said this was to mitigate and reduce odour emission and eliminate surface oil sheen/film discharge.
"We are attending to remedial action and will provide an update in due course," Lotte Chemical said.
The commissioning and the commercial startup of the TE3 project remain on target by the fourth quarter of 2017.
The stop-work order is also not expected to have a material effect on the company's and the group's earnings, net assets and gearing for the financial year ending Dec 31, 2017. — Bernama