Lotte Chemical Pakistan Limited (LCPL) is the manufacturer and supplier of Purified Terephthalic Acid (PTA). PTA is the primary raw material for producing polyester fibre, polyester filament yarn, polyester film and Polyethylene Terephthalate (PET). PTA is used in Pakistan's textile and packaging industries as it is an essential raw material for the polyester chain.

The company was originally a part of ICI Pakistan Limited. It was demerged from ICI Pakistan Limited in 2000 into Pakistan PTA Limited (PPTA). In 2009, the firm was acquired by South Korean based company KP Chemical Corp (a subsidiary of Lotte International), and the name changed to Lotte Pakistan PTA Ltd. In 2012, a co-generation plant was commissioned in Pakistan, and KP Chemical Corp changed its identity globally to Lotte Chemical Corp, and hence the name changed to Lotte Chemical Pakistan Ltd.

LCPL has the capacity to produce approximately 500,000 tons of PTA per year through its plant located at Port Qasim, Karachi. Besides meeting Pakistan's PTA demand, the company is well placed to export to other countries. For producing PTA, it imports its feedstock (Paraxylene) from suppliers based in Asia and Middle-East region. As per Company its product meets all international quality standards and is well accepted by Customers in Asia and Middle-East region.

Pakistan's chemical sector

As per industry reports, the global chemical product market is expected to get double by 2035.Despite the fact that the growth prospective are quite good and healthy, but the industry's dynamism is set to wane. The market is growing at an average annual pace of four percent at the moment; this will expand the chemicals market by just 3.6 percent per annum between 2030 and 2035. The chemical industry is a major contributor to the world's economy where the annual consumption of chemicals stands out at $4.6 trillion.