DL Chemical’s Joint Venture With REXtac

Haynes and Boone acted as U.S. counsel for DL Chemical in the transaction. Lee & KO, one of the largest law firms in South Korea, advised on local legal issues for DL Chemical.

DL Chemical of Seoul, South Korea, has finalized a joint venture agreement with REXtac LLC of Odessa, Texas to construct and operate an Amorphous Poly Alpha Olefin (APAO) manufacturing plant located in Yeosu Industrial Complex in South Korea.

REXtac LLC is a world leader in manufacturing APAO and produces amorphous poly alpha olefins through a proprietary catalyst and liquid pool production process.

DL Chemical is a specialized petrochemical company headquartered that has helped shape the Korean petrochemical industry through development, continuous investment, and collaboration with global companies.

Haynes Boone Partner Larry Pascal (Picture), the co-chair of Haynes Boone’s International Practice Group, served as lead U.S. counsel for DL Chemical. He was assisted by Haynes Boone lawyers Jan Sharry, Lauren White, Randy Colson, Bryan Diebels, Colin Cox, Mary Mendoza, and Ed Lebow. 

Involved fees earner: Randall Colson – Haynes and Boone; Colin Cox – Haynes and Boone; Bryan Diebels – Haynes and Boone; Edward Lebow – Haynes and Boone; Larry Pascal – Haynes and Boone; Janice Sharry – Haynes and Boone; Mary Simmons Mendoza – Haynes and Boone; Lauren White – Haynes and Boone;

Law Firms: Haynes and Boone;

Clients: DL Chemical;