DOE lifts stop-work order on Lotte Chemical Titan's project

KUALA LUMPUR: The Department of Environment (DOE) has lifted the stop-work order on Lotte Chemical Titan Holding Bhd's (Lotte) KBR Catalytic Olefins Technology catalytic cracking reactor within TE3 project in Pengerang, Johor.
In a filing to Bursa Malaysia today, Lotte said the stop-work order was lifted yesterday after the company satisfactorily completed requested remedial actions.
On Oct 1, Lotte received the stop-work order from the DOE on its K-COT to mitigate and reduce odour emission and eliminate surface oil sheen/film discharge.
It said the commissioning and the commercial startup of its' TE3 project remained on target by the fourth quarter of 2017.
"The stop-work order is not expected to have any material effect on our company's and group's earnings, net assets and gearing for the financial year ending Dec 31, 2017," it said. — Bernama